(All Amounts in $US unless stated otherwise)
VANCOUVER, Dec. 5, 2016 /PRNewswire/ - GOLDCORP
INC. (TSX: G, NYSE: GG) is pleased to declare its
quarterly dividend for the three month period ended December 31, 2016 of $0.02 per share. Shareholders of record as of the
close of business on Thursday, December 15,
2016 will be entitled to receive payment on Friday, December 23, 2016.
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.
Dividend Reinvestment Plan
Goldcorp has implemented a Dividend Reinvestment Plan ("DRIP").
For the purposes of the quarterly dividend, the Company has elected
to issue common shares under the DRIP through treasury at a 3%
discount to the Average Market Price. Dividends are only
payable as and when declared by Goldcorp's Board of Directors and
there is no entitlement to any dividend prior thereto. Goldcorp
may, from time to time, in its discretion, change or eliminate the
discount applicable to treasury acquisitions or direct that such
common shares be purchased in market acquisitions at the prevailing
market price, any of which would be publicly announced.
Participation in the DRIP is optional and will not affect
shareholders' cash dividends unless they elect to participate in
the DRIP. Participation in the DRIP is open to all registered
and beneficial shareholders in Canada and the United
States. Shareholders that are resident in jurisdictions other
than Canada and the United States may also participate in the
DRIP, subject to any restrictions of laws in such shareholder's
jurisdiction of residence.
The DRIP and enrollment forms are available on the Company's
website, www.goldcorp.com, in the "Investor Resources - Stock
Information" section under "Dividends".
Registered shareholders may also enroll in the DRIP online
through the plan agent's self-service web portal at:
https://www.canstockta.com/en/InvestorServices/Investor_Information/Issuer_List/IssuerDetail.jsp?companyCode=2403.
All shareholders considering enrollment in the DRIP should
carefully review the terms of the DRIP and consult with their
advisors as to the implications of enrollment in the DRIP.
This press release is not an offer to sell or a solicitation of
an offer of securities. Goldcorp has filed with the U.S.
Securities and Exchange Commission a registration statement on Form
F‑3 dated October 9, 2015 and a
related prospectus dated May 5, 2016
with respect to the DRIP. A copy of these filings may be obtained
under the Company's profile on the U.S. Securities and Exchange
Commission's website at http://www.sec.gov.
About Goldcorp
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines.
Cautionary Note Regarding Forward Looking
Statements
This press release contains "forward-looking statements", within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, Section 21E of the United States Exchange Act of
1934, as amended, or the United States Private Securities
Litigation Reform Act of 1995 and "forward-looking information"
under the provisions of 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 mineral resources, the realization of mineral
reserve estimates, the timing and amount of estimated future
production, costs of production, targeted cost reductions, capital
expenditures, free cash flow, 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 words 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", "should", "might" or "will", "occur" or "be
achieved" or the negative connotation thereof.
Forward-looking statements are necessarily based upon a number
of 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 and other by-product
metals, 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 and other by-product metals
price volatility, discrepancies between actual and estimated
production, mineral reserves and mineral resources and
metallurgical recoveries, mining operational and development risks,
litigation risks, regulatory restrictions (including environmental
regulatory restrictions and liability), changes in national and
local government legislation, taxation, controls or regulations
and/or change in the administration of laws, policies and
practices, expropriation or nationalization of property and
political or economic developments in Canada, the United
States and other jurisdictions in which Goldcorp does or may
carry on business in the future, delays, suspension and technical
challenges associated with capital projects, higher prices for
fuel, steel, power, labour and other consumables, 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 believes its expectations are based upon reasonable
assumptions and 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 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; actual results of current
reclamation activities; environmental risks; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; future prices of gold and other by-product
metals; possible variations in ore reserves, grade or recovery
rates; failure of plant, equipment or processes to operate as
anticipated; risks related to the integration of acquisitions;
accidents, labour disputes; delays in obtaining governmental
approvals or financing or in the completion of development or
construction activities and other risks of the mining industry, as
well as those factors discussed in the section entitled
"Description of the Business – Risk Factors" in Goldcorp's most
recent annual information form available on SEDAR at www.sedar.com
and on EDGAR at www.sec.gov. 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. The forward-looking
statements contained herein 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 Goldcorp's operating
environment. Goldcorp does not intend or undertake to publicly
update any forward-looking statements that are included in this
document, whether as a result of new information, future events or
otherwise, except in accordance with applicable securities
laws.
SOURCE Goldcorp Inc.