Toronto Stock Exchange:
G
New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, Feb. 9
/PRNewswire-FirstCall/ - GOLDCORP INC. (TSX: G, NYSE: GG)
today announced that 2010 proven and probable gold reserves
increased by 23% to 60.1 million ounces, the seventh consecutive
year that the Company has increased gold reserves. Measured and
indicated gold resources also increased 13% to 25.7 million ounces
in 2010. The Company also reported one of the largest silver
holdings in the sector with proven and probable silver reserves and
measured and indicated silver resources of 1.3 billion ounces and
457.6 million ounces, respectively.
Highlights:
- Recent vein discoveries at Cerro Negro nearly double gold
reserves and resources. Higher grade resources at the
Marianas and San Marcos veins drive an increase to a total 2.7
million ounces of measured and indicated gold resource and 720,000
ounces of inferred gold resource, in addition to the existing 2.1
million ounces of proven and probable gold reserves. Further
growth at Cerro Negro is anticipated from the extension of
open-ended mineralization in several veins as well as further
expansion of recent drill intercepts and testing of several other
identified surface targets. A feasibility study update analyzing a
doubling of mill throughput is expected to be complete at the end
of the first quarter.
- Investments in mine development and infrastructure at Red
Lake result in successful reserves growth. Strong gold
reserve additions in the High Grade Zone contributed to an overall
increase in proven and probable gold reserves at Red Lake to over
four million ounces.
- First gold resource at Cochenour. An initial
inferred gold resource of 2.7 million ounces has been derived from
drilling of primarily the upper portions of the deposit.
- Initial gold reserve declared at Éléonore. Conversion of
measured and indicated gold resources adds over three million
ounces to proven and probable gold reserves. This reserve and the
updated resource will form the basis for an updated pre-feasibility
study by the end of February.
- El Morro reserve and resource increases contribute further
upside to world-class project in Chile. Proven and
probable gold reserves increase 22% to 5.7 million ounces and
proven and probable copper reserves increase 8% to 4.3 billion
pounds (70% basis).
The following accounts for the changes in gold
reserves year over year:
Proven and probable reserves as of January 1,
2010 |
|
|
48.8 |
moz |
Mined ounces during 2010 (including mining
depletion) |
|
|
(3.0) |
|
Discovered ounces and converted resources during
2010 |
|
|
6.9 |
|
Net metal prices/engineering |
|
|
0.5 |
|
Acquisitions and dispositions |
|
|
6.9 |
|
Proven and probable reserves as of January 1,
2011 |
|
|
60.1 |
moz |
"Strong growth in reserves and resources in 2010
underscores the continued success of Goldcorp's strategy to
complement organic growth in our existing districts with
disciplined acquisitions," said Chuck Jeannes, President and Chief
Executive Officer. "Of the gold ounces we added through our
drilling and planning efforts, we are particularly pleased that
investments in exploration and development to ensure the long-term
future of Red Lake and advance the Éléonore project have been so
successful. Strong execution of our exploration programs at
these operations and throughout the asset portfolio have resulted
in this growth in gold reserves at finding costs of less than
$15 per gold ounce.
"Among gold ounces we acquired during 2010, the
updated resource at Cerro Negro supports the accretive metrics of
our acquisition of Andean Resources as well as expectations for a
significantly larger operation and a long-lived source of high
quality gold production for the Company. An updated feasibility
study based on more than a doubling of the current 1,850 tonne per
day throughput is planned to be released in early April. An
aggressive drilling program is underway that is expected to further
increase reserves and resources through expansion of existing
deposits as well as discoveries of new veins within this
significant land package.
"Goldcorp's gold reserves have now increased in
each of the last seven years. Importantly, in both the last year
and throughout the entire seven-year period, our gold reserves have
grown significantly not only in absolute terms but also on a per
share basis. This accretive growth represents true value for
our shareholders."
2011 Reserve and Resource Outlook
Goldcorp expects to invest an additional
$170 million in exploration in 2011,
with the goal of adding new discoveries, expanding on existing
discoveries and further increasing reserves and resources.
Areas of high potential for reserve and resource enhancement in
2011 include:
- Cerro Negro extensional drilling to expand open-ended
mineralization at existing vein discoveries and exploration on new
targets within the large, underexplored land package. Conversion of
measured and indicated resources to reserves is expected to flow
from completion of the updated feasibility study.
- Following the environmental impact assessment approval at El
Morro, commencement of the drill program to further delineate the
pit at El Morro and expand on positive results from other
targets.
- Continued routine drilling of the High Grade Zone at Red Lake
from the 4199 exploration drift, with the goal of adding reserves
to the 54 level and adding gold resources below the 54 level.
- Further drilling at the Cochenour project at Red Lake to grow
and continue to define the current gold resource and test new
adjacent target areas.
- Refined block model and updated reserve model at Éléonore in
advance of exploration shaft completion in 2012.
- In-fill and expansion drilling of oxide ore and continued
testing of sulphide systems at Peñasquito satellites Camino Rojo
and Noche Buena will accelerate development plans at both
projects. Testing new geophysics targets in the covered
valley and exploration for additional high grade mineralization in
mantos beneath the pit bottoms at Peñasquito will also
continue.
- Expansion drilling, testing of new targets, and updated mine
planning to reflect larger gold reserves and resources continue at
Los Filos.
- Extensional drilling to expand recent underground discoveries
at Marlin in Guatemala and Musselwhite and Porcupine in
Ontario.
Complete reserve and resource information for
all metals, including tonnage, grade and accompanying metals price
assumptions has been posted at www.goldcorp.com. Summary
reserve and resource data is as follows:
GOLDCORP INC.
GOLD AND SILVER RESERVES AND RESOURCES SUMMARY TABLE
As of December 31, 2010
Reserves |
Contained Gold (m oz) |
Contained Silver (m oz) |
Proven |
23.2 |
673.0 |
Probable |
36.9 |
620.9 |
Proven & Probable |
60.1 |
1,293.9 |
|
|
|
Resources |
|
|
Measured |
2.7 |
28.9 |
Indicated |
23.0 |
428.7 |
Measured & Indicated |
25.7 |
457.6 |
Inferred |
20.5 |
116.6 |
|
Complete reserve and resource estimates are as
follows:
GOLDCORP
INC.
PROVEN AND PROBABLE
RESERVES(1),(4),(5),(6)
AS OF DECEMBER 31, 2010
Based on attributable ounces |
GOLD |
million tonnes |
g Au/t |
million ounces |
Peñasquito Mill |
Mexico |
1,421.41 |
0.40 |
18.17 |
Pueblo Viejo (40.0%) |
Dominican Republic |
101.86 |
2.89 |
9.46 |
El Morro (70.0%) |
Chile |
371.79 |
0.48 |
5.72 |
Los Filos |
Mexico |
248.60 |
0.68 |
5.47 |
Red Lake |
Canada |
9.93 |
12.89 |
4.12 |
Porcupine |
Canada |
76.59 |
1.33 |
3.29 |
Éléonore |
Canada |
12.48 |
7.56 |
3.03 |
Musselwhite |
Canada |
10.54 |
6.24 |
2.12 |
Cerro Negro |
Argentina |
7.14 |
9.03 |
2.07 |
Marigold (66.7%) |
United States |
86.81 |
0.56 |
1.55 |
Marlin |
Guatemala |
9.21 |
5.17 |
1.53 |
Alumbrera (37.5%) |
Argentina |
106.50 |
0.39 |
1.33 |
Wharf |
United States |
21.66 |
0.87 |
0.60 |
Dee (40.0%) |
United States |
16.55 |
1.74 |
0.93 |
Peñasquito Heap Leach |
Mexico |
67.80 |
0.18 |
0.40 |
El Sauzal |
Mexico |
5.79 |
1.48 |
0.27 |
TOTAL GOLD |
|
|
60.06 |
SILVER |
million tonnes |
g Ag/t |
million ounces |
Peñasquito Mill |
Mexico |
1,421.41 |
23.4 |
1,068.72 |
Marlin |
Guatemala |
9.21 |
203.6 |
60.29 |
Pueblo Viejo (40.0%) |
Dominican Republic |
101.86 |
18.0 |
58.92 |
Los Filos |
Mexico |
248.60 |
5.1 |
40.97 |
Peñasquito Heap Leach |
Mexico |
67.80 |
16.8 |
36.55 |
Cerro Negro |
Argentina |
7.14 |
89.3 |
20.50 |
Dee (40.0%) |
United States |
16.55 |
8.3 |
4.39 |
Wharf |
United States |
21.66 |
5.2 |
3.60 |
TOTAL
SILVER |
|
|
1,293.9 |
COPPER |
million tonnes |
% Cu |
million pounds |
El Morro (70.0%) |
Chile |
371.79 |
0.52% |
4,282 |
Alumbrera (37.5%) |
Argentina |
106.50 |
0.39% |
912 |
Pueblo Viejo (40.0%) |
Dominican Republic |
101.86 |
0.09% |
213 |
TOTAL
COPPER |
|
|
5,406 |
LEAD |
million tonnes |
% Pb |
million pounds |
Peñasquito Mill |
Mexico |
1,421.41 |
0.25% |
7,275 |
TOTAL LEAD |
|
|
7,275 |
ZINC |
million tonnes |
% Zn |
million pounds |
Peñasquito Mill |
Mexico |
1,421.41 |
0.57% |
17,575 |
TOTAL ZINC |
|
|
17,575 |
GOLDCORP
INC.
MEASURED AND INDICATED
RESOURCES(1),(2),(3),(4),(5),(7)
AS OF DECEMBER 31, 2010
Based on attributable ounces |
GOLD |
million tonnes |
g Au/t |
million ounces |
Porcupine |
Canada |
89.81 |
1.41 |
4.06 |
Pueblo Viejo (40.0%) |
Dominican Republic |
58.55 |
2.01 |
3.78 |
Camino Rojo |
Mexico |
163.39 |
0.65 |
3.44 |
Cerro Negro |
Argentina |
9.43 |
8.77 |
2.66 |
Peñasquito Mill |
Mexico |
280.60 |
0.27 |
2.40 |
Red Lake |
Canada |
5.44 |
13.49 |
2.36 |
Los Filos |
Mexico |
138.12 |
0.50 |
2.20 |
Cerro Blanco |
Guatemala |
2.52 |
15.64 |
1.27 |
Noche Buena |
Mexico |
71.75 |
0.42 |
0.96 |
Marigold (66.7%) |
United States |
48.70 |
0.49 |
0.77 |
Éléonore |
Canada |
1.36 |
10.95 |
0.48 |
Dee (40.0%) |
United States |
9.70 |
1.48 |
0.46 |
San Nicolas (21.0%) |
Mexico |
16.79 |
0.48 |
0.26 |
Musselwhite |
Canada |
0.99 |
5.98 |
0.19 |
Wharf |
United States |
6.28 |
0.93 |
0.19 |
El Sauzal |
Mexico |
3.23 |
1.15 |
0.12 |
Marlin |
Guatemala |
0.92 |
1.78 |
0.05 |
Peñasquito Heap Leach |
Mexico |
4.06 |
0.18 |
0.02 |
TOTAL GOLD |
|
|
25.68 |
SILVER |
million tonnes |
g Ag/t |
million ounces |
Peñasquito Mill |
Mexico |
280.60 |
30.0 |
270.38 |
Camino Rojo |
Mexico |
163.39 |
11.6 |
60.70 |
Noche Buena |
Mexico |
71.75 |
14.1 |
32.44 |
Los Filos |
Mexico |
138.12 |
5.3 |
23.53 |
Pueblo Viejo (40.0%) |
Dominican Republic |
58.55 |
11.8 |
22.18 |
Cerro Negro |
Argentina |
9.43 |
61.8 |
18.74 |
San Nicolas (21.0%) |
Mexico |
16.79 |
29.0 |
15.66 |
Cerro Blanco |
Guatemala |
2.52 |
72.0 |
5.80 |
Dee (40.0%) |
United States |
9.70 |
8.7 |
2.72 |
Marlin |
Guatemala |
0.92 |
78.8 |
2.34 |
Peñasquito Heap Leach |
Mexico |
4.06 |
15.6 |
2.03 |
Wharf |
United States |
6.28 |
5.4 |
1.09 |
TOTAL
SILVER |
|
|
457.6 |
COPPER |
million tonnes |
% Cu |
million pounds |
San Nicolas (21.0%) |
Mexico |
16.79 |
1.33% |
491 |
Pueblo Viejo (40.0%) |
Dominican Republic |
58.55 |
0.08% |
106 |
TOTAL
COPPER |
|
|
598 |
LEAD |
million tonnes |
% Pb |
million pounds |
Peñasquito Mill |
Mexico |
280.60 |
0.30% |
1,886 |
Camino Rojo |
Mexico |
163.39 |
0.00% |
695 |
TOTAL LEAD |
|
|
2,580 |
ZINC |
million tonnes |
% Zn |
million pounds |
Peñasquito Mill |
Mexico |
280.60 |
1.01% |
6,248 |
Camino Rojo |
Mexico |
163.39 |
0.37% |
1,339 |
San Nicolas (21.0%) |
Mexico |
16.79 |
1.84% |
682 |
TOTAL ZINC |
|
|
8,269 |
GOLDCORP
INC.
INFERRED
RESOURCES(1),(2),(3),(4),(5),(7)
AS OF DECEMBER 31, 2010
Based on attributable ounces |
GOLD |
million tonnes |
g Au/t |
million ounces |
Éléonore |
Canada |
12.25 |
10.60 |
4.17 |
Los Filos |
Mexico |
224.43 |
0.53 |
3.82 |
El Morro |
Chile |
96.29 |
0.99 |
3.06 |
Cochenour |
Canada |
7.61 |
11.04 |
2.70 |
Red Lake |
Canada |
3.23 |
16.77 |
1.74 |
Musselwhite |
Canada |
4.59 |
5.76 |
0.85 |
Porcupine |
Canada |
7.84 |
3.34 |
0.84 |
Cerro Negro |
Argentina |
4.51 |
4.97 |
0.72 |
Cerro Blanco |
Guatemala |
1.35 |
15.31 |
0.67 |
Camino Rojo |
Mexico |
31.03 |
0.55 |
0.55 |
Marigold (66.7%) |
United States |
28.19 |
0.48 |
0.43 |
Noche Buena |
Mexico |
17.67 |
0.42 |
0.24 |
Peñasquito Mill |
Mexico |
40.79 |
0.17 |
0.22 |
Pueblo Viejo (40.0%) |
Dominican Republic |
3.14 |
2.20 |
0.22 |
Marlin |
Guatemala |
0.88 |
3.31 |
0.09 |
Dee (40.0%) |
United States |
4.22 |
0.62 |
0.08 |
San Nicolas (21.0%) |
Mexico |
1.47 |
0.37 |
0.02 |
Peñasquito Heap Leach |
Mexico |
1.74 |
0.12 |
0.01 |
El Sauzal |
Mexico |
0.03 |
1.53 |
0.00 |
TOTAL GOLD |
|
|
20.45 |
SILVER |
million tonnes |
g Ag/t |
million ounces |
Los Filos |
Mexico |
224.43 |
6.0 |
43.57 |
Peñasquito Mill |
Mexico |
40.79 |
30.8 |
40.41 |
Noche Buena |
Mexico |
17.67 |
13.9 |
7.91 |
Camino Rojo |
Mexico |
31.03 |
7.63 |
7.61 |
Marlin |
Guatemala |
0.88 |
193.9 |
5.48 |
Cerro Negro |
Argentina |
4.51 |
32.3 |
4.69 |
Cerro Blanco |
Guatemala |
1.35 |
59.6 |
2.60 |
Pueblo Viejo (40.0%) |
Dominican Republic |
3.14 |
18.1 |
1.83 |
San Nicolas (21.0%) |
Mexico |
1.47 |
23.8 |
1.13 |
Peñasquito Heap Leach |
Mexico |
1.74 |
14.5 |
0.81 |
Dee (40%) |
United States |
4.22 |
4.1 |
0.55 |
TOTAL
SILVER |
|
|
116.60 |
COPPER |
million tonnes |
% Cu |
million pounds |
El Morro |
Chile |
96.29 |
0.70% |
1,486 |
San Nicolas (21.0%) |
Mexico |
1.47 |
1.28% |
41 |
Pueblo Viejo (40.0%) |
Dominican Republic |
3.14 |
0.10% |
7 |
TOTAL
COPPER |
|
|
1,534 |
LEAD |
million tonnes |
% Pb |
million pounds |
Peñasquito Mill |
Mexico |
40.79 |
0.18% |
165 |
Camino Rojo |
Mexico |
31.03 |
0.09% |
65 |
TOTAL LEAD |
|
|
229 |
ZINC |
million tonnes |
% Zn |
million pounds |
Peñasquito Mill |
Mexico |
40.79 |
0.38% |
346 |
Camino Rojo |
Mexico |
31.03 |
0.31% |
215 |
San Nicolas (21.0%) |
Mexico |
1.47 |
1.43% |
47 |
TOTAL ZINC |
|
|
608 |
*Numbers may not add up due to
rounding
Goldcorp December 31, 2010 Reserve
and Resource Reporting Notes: |
|
|
|
|
1 |
All Mineral Reserves and Mineral
Resources have been calculated in accordance with the standards of
the Canadian Institute of Mining, Metallurgy and Petroleum and
National Instrument 43-101, or the AusIMM JORC equivalent. |
2 |
All Mineral Resources are reported
exclusive of Mineral Reserves. |
3 |
Mineral Resources which are not
Mineral Reserves do not have demonstrated economic viability. |
4 |
Reserves and Resources are reported as
of December 31, 2010, with the following conditions or
exceptions: |
|
1
2
3 |
Reserves and Resources for Pueblo
Viejo are as per information provided by Barrick Gold
Corporation.
Reserves and Resources for Dee are as per information provided by
Barrick Gold Corporation.
Resources for San Nicolas are as per information provided by Teck
Resources Limited (2001 Study). |
5 |
Qualified Persons for the Mineral
Reserve and Mineral Resource estimates as defined by National
Instrument 43-101 are as follows: |
|
1 |
Alumbrera |
Julio Bruna Novillo, MAusIMM, Minera Alumbrera
Ltd. |
|
|
2 |
Cerro Negro |
Steven Ristorcelli, P.Geol., Mine Dev. Assoc |
|
|
3 |
El Morro |
Maryse Belanger, P. Geo., Sophie Bergeron, Ing.
Goldcorp Inc. |
|
|
4 |
Éléonore |
Eric Chen, P. Geo., Luc Joncas, Ing., Goldcorp
Inc. |
|
|
5 |
El Sauzal |
Steven Ristorcelli, P.Geol., Mine Dev. Assoc. |
|
|
6 |
Los Filos |
Guillermo Pareja, P. Geo., Goldcorp Inc., John
Nilsson, P.Eng.,Nilsson Mining Services. |
|
|
7 |
Marigold |
Patricia A. Maloney, P.Eng., Marigold Mining
Co. |
|
|
8 |
Marlin |
Andrew Tripp, P.Eng., Marlin Mine |
|
|
9 |
Musselwhite |
Rohan Millar, P. Geo., Bob MacDonald, P.Eng.,
Musselwhite Mine |
|
|
10 |
Peñasquito |
Guillermo Pareja, P.Geo., Peter Nahan, P. Eng.,
Goldcorp Inc. |
|
|
11 |
Porcupine |
Stephen Price, P.Geo.,Imola Gotz, P.Eng.,
Porcupine Gold Mines |
|
|
12 |
Pueblo Viejo |
Patrick Stephenson, FAusIMM, AMC Mining
Consultants (Canada) Ltd. |
|
|
13 |
Red Lake |
Chris Osiowy, P.Geo, Stephane Blais, P.Eng., Red
Lake Gold Mines |
|
|
14 |
Wharf |
Ken Nelson, MMSA, Wharf Mine |
|
|
|
|
|
6 |
Mineral Reserves are estimated using
appropriate recovery rates and US$ commodity prices of $950 per
ounce of gold, $15 per ounce of silver, $2.00 per pound of copper,
$0.70 per pound of lead, and $0.80 per pound of zinc, unless
otherwise noted below: |
|
1 |
Alumbrera |
$1,040/oz gold and $2.80/lb copper |
|
|
2 |
Pueblo Viejo |
$975/oz gold, $15.50/oz silver, $2.00/lb
copper |
|
7 |
Mineral Resources are estimated using
US$ commodity prices of $1,100 per ounce of gold, $17 per ounce of
silver, $2.50 per pound of copper, $0.85 per pound of lead, and
$0.90 per pound of zinc, unless otherwise noted below; |
|
1 |
Pueblo Viejo |
$1,100/oz gold, $16.50/oz silver, $2.50/lb
copper |
|
|
2 |
San Nicolas |
$300/oz gold, $5.00/oz silver, $0.90/lb copper,
$0.50/lb zinc |
Cautionary Note to United States Investors
Concerning Estimates of Measured, Indicated and Inferred
Resources: These tables use the terms "Measured", "Indicated"
and "Inferred" Resources. United States investors are advised that
while such terms are recognized and required by Canadian
regulations, the United States Securities and Exchange Commission
does not recognize them. "Inferred Mineral Resources" have a great
amount of uncertainty as to their existence, and as to their
economic and legal feasibility. It cannot be assumed that all or
any part of an Inferred Mineral Resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of Inferred
Mineral Resources may not form the basis of feasibility or other
economic studies. United States investors are cautioned not to
assume that all or any part of Measured or Indicated Mineral
Resources will ever be converted into Mineral Reserves. United
States investors are also cautioned not to assume that all or any
part of an Inferred Mineral Resource exists, or is economically or
legally mineable.
Maryse Belanger, Director Technical Services of
Goldcorp, who is a "qualified person" as such term is defined under
National Instrument 43-101, has reviewed and approved the contents
of this press release.
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 Inc. ("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", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", "believes" or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative
connotation thereof.
Forward-looking statements are made based upon
certain assumptions and other important factors that, if untrue,
could cause the actual results, performances or achievements of
Goldcorp to be materially different from future results,
performances or achievements expressed or implied by such
statements. Such statements and information are based on
numerous assumptions regarding present and future business
strategies and the environment in which Goldcorp will operate in
the future, including the price of gold, anticipated costs and
ability to achieve goals. Certain important factors that could
cause actual results, performances or achievements to differ
materially from those in the forward-looking statements include,
among others, gold price volatility, discrepancies between actual
and estimated production, mineral reserves and resources and
metallurgical recoveries, mining operational and development risks,
litigation risks, regulatory restrictions (including environmental
regulatory restrictions and liability), activities by governmental
authorities (including changes in taxation), currency fluctuations,
the speculative nature of gold exploration, the global economic
climate, dilution, share price volatility, competition, loss of key
employees, additional funding requirements and defective title to
mineral claims or property. Although Goldcorp has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended.
Forward-looking statements are subject to known
and unknown risks, uncertainties and other important 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, including
economical and political instability in foreign jurisdictions in
which Goldcorp operates; risks related to current global financial
conditions; risks related to joint venture operations; actual
results of current exploration activities; environmental risks;
future prices of gold, silver, copper, lead and zinc; possible
variations in ore reserves, grade or recovery rates; mine
development and operating risks; 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; risks related to
indebtedness and the service of such indebtedness, 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 at www.sedar.com. 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. Forward-looking statements are made as of the date
hereof and accordingly are subject to change after such
date. Except as otherwise indicated by Goldcorp, these
statements do not reflect the potential impact of any non-recurring
or other special items or of any dispositions, monetizations,
mergers, acquisitions, other business combinations or other
transactions that may be announced or that may occur after the date
hereof. Forward-looking statements are provided for the
purpose of providing information about management's current
expectations and plans and allowing investors and others to get a
better understanding of our operating environment. Goldcorp does
not undertake to update any forward-looking statements that are
included in this document, except in accordance with applicable
securities laws.
SOURCE Goldcorp Inc.
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