VANCOUVER,
March 28, 2014 /PRNewswire/ -
GOLDCORP INC. (TSX: G, NYSE: GG) announced that a
National Instrument 43-101 technical report has been filed for each
of Goldcorp's 100% owned Éléonore project and its 40% owned Pueblo
Viejo mine. The Éléonore project contained 4.03 million
ounces of proven and probable gold mineral reserves (19.3 Mt at
6.49 g/t) and 4.10 million ounces of inferred gold mineral
resources (13.25 Mt at 9.63 g/t) as of December 31, 2013.
As at December 31,
2013, the Pueblo Viejo mine (40% basis) contained the
following:
PROVEN AND PROBABLE MINERAL RESERVES |
|
|
|
Gold |
61.90 Mt |
3.25 g/t |
6.46 Moz |
Silver |
61.90 Mt |
20.46 g/t |
40.72 Moz |
Copper |
61.90 Mt |
0.11% |
152 Mlbs |
MEASURED AND INDICATED MINERAL
RESOURCES |
|
|
|
Gold |
77.07 Mt |
2.42 g/t |
6.01 Moz |
Silver |
77.07 Mt |
13.31 g/t |
32.99 Moz |
Copper |
77.07 Mt |
0.09% |
159 Mlbs |
INFERRED MINERAL RESOURCES |
|
|
|
Gold |
3.31 Mt |
3.11 g/t |
0.33 Moz |
Silver |
3.31 Mt |
20.27 g/t |
2.16 Moz |
Copper |
3.31 Mt |
0.11% |
8 Mlbs |
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.
Goldcorp December 31, 2013 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, 2013, with the following conditions or exceptions: |
|
|
|
1 |
Reserves and Resources for Pueblo Viejo are as per
information provided by Barrick Gold Corporation. |
5 |
|
|
Mineral Reserves are estimated using appropriate
recovery rates and US$ commodity prices of $1,300 per ounce of
gold, $22 per ounce of silver, $3.00 per pound of copper, $0.90 per
pound of lead, and $0.90 per pound of zinc, unless otherwise noted
below: |
|
|
|
1 |
Pueblo Viejo |
$1,100/oz gold, $21/oz silver, $3.00/lb copper |
6 |
|
|
Mineral Resources are estimated using US$ commodity
prices of $1,500 per ounce of gold, $24 per ounce of silver, $3.50
per pound of copper, $1.00 per pound of lead, and $1.00 per pound
of zinc, unless otherwise noted below; |
|
|
|
1 |
Pueblo Viejo |
$1,500/oz gold, $24/oz silver, $3.50/lb copper |
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.
Scientific and technical information contained
in this press release was reviewed and approved by Maryse Belanger, P.Geo., Senior Vice-President,
Technical Services for Goldcorp, and a "qualified person" as
defined by National Instrument 43-101 - Standards of Disclosure
for Mineral Projects ("NI 43-101").
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
economic 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, 2012
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.