(All dollar amounts in United States dollars (US$))
Toronto Stock Exchange: G |
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New
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VANCOUVER, Nov. 1 /PRNewswire-FirstCall/ - GOLDCORP INC.
(GG: NYSE; G: TSX) is pleased to declare
its eleventh monthly dividend payment for 2010 of $0.03 per share, which reflects the Company's
announcement to double the dividend on October 27, 2010. Shareholders of record at the
close of business on Friday, November 12,
2010 will be entitled to receive payment of this dividend on
Friday, November 19, 2010. Goldcorp
has paid a monthly dividend to its shareholders since 2003.
Canadian resident individuals who receive dividends from Goldcorp
after 2005 are entitled to an enhanced gross-up and dividend tax
credit on such dividends.
Pursuant to tax legislation enacted in 2007, Canadian resident
individuals who receive "eligible dividends" in 2006 and subsequent
years will be entitled to an enhanced gross-up and dividend tax
credit on such dividends. All dividends paid in 2006 and subsequent
years by Goldcorp Inc. are "eligible dividends" for this
purpose.
Goldcorp is one of the world's fastest growing senior gold
producers. Its low-cost gold production is located in safe
jurisdictions in the Americas and remains 100% unhedged.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking
statements", within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation, concerning the business, operations and
financial performance and condition of Goldcorp. Forward-looking
statements include, but are not limited to, statements with respect
to the future price of gold, silver, copper, lead and zinc, the
estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the timing and amount of estimated
future production, costs of production, capital expenditures, costs
and timing of the development of new deposits, success of
exploration activities, permitting time lines, hedging practices,
currency exchange rate fluctuations, requirements for additional
capital, government regulation of mining operations, environmental
risks, unanticipated reclamation expenses, timing and possible
outcome of pending litigation, title disputes or claims and
limitations on insurance coverage. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Goldcorp to be materially
different from those expressed or implied by such forward-looking
statements, including but not limited to: risks related to the
integration of acquisitions; risks related to international
operations; risks related to joint venture operations; actual
results of current exploration activities; actual results of
current reclamation activities; conclusions of economic
evaluations; changes in project parameters as plans continue to be
refined; future prices of gold, silver, copper, lead and zinc;
possible variations in ore reserves, grade or recovery rates;
failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals or financing or in the
completion of development or construction activities, as well as
those factors discussed in the section entitled "Description of the
Business - Risk Factors" in Goldcorp's Annual Information Form for
the year ended December 31, 2009,
available on www.sedar.com, and Form 40-F for the year ended
December 31, 2009 on file with
the United States Securities and
Exchange Commission in Washington,
D.C. Although Goldcorp has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Goldcorp does not undertake to update any
forwardlooking statements that are incorporated by reference
herein, except in accordance with applicable securities laws.
SOURCE Goldcorp Inc.
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