VANCOUVER, Oct. 24, 2018 /PRNewswire/ - GOLDCORP
INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") is
pleased to provide an update to the Company's Mineral Reserve and
Mineral Resource estimates as of June
30, 2018. Goldcorp is also providing an update on its
2018 exploration program with representative drill results provided
below; website links to further information, including full drill
results, drill coordinates, quality assurance and quality control
information and relevant diagrams, are provided at the end of each
section.
Highlights:
- Proven and Probable Gold Mineral Reserves are 52.8 Million
Ounces. Goldcorp mineral reserves increased at Musselwhite with
the higher-grade extension of PQ Deeps and the addition of the WEL
zone and at Cerro Negro, with an inaugural mineral reserve estimate
at the Silica Cap deposit. Overall mineral reserves additions at
Goldcorp-operated sites essentially replaced depletion over the
12-month period.
- Musselwhite and Cerro Negro
continue to deliver exploration success. At Musselwhite, Lynx
North drill intercept highlights included 10.3 m at 6.68 g/t gold (18-LNX-032) and
9.4 m at 6.06 g/t gold (18-LNX-031)
and extended the strike length of the known Lynx North orebody
500 m to the north. Surface drilling
from the north shore intersected PQ Deeps 1.2 km down plunge of the
2018 mineral reserves, returning intercepts of 9.2 m at 10.92 g/t gold (18-NSD-005) and
9.8 m at 5.05 g/t gold (18-NSD-004).
At Cerro Negro the newly discovered Ricarda vein returned drill
intersections of 9.25 m at 5.28 g/t
gold and 3.9 m at 11.53 g/t gold
(SDD-18015).
- Goldcorp's 20/20/20 plan continues on track to deliver 20%
reserve growth by 2021. Goldcorp has increased reserve ounces
by 2.8 million since beginning the 20/20/20 plan in 2017 and
remains positioned to deliver 20% reserve growth by 2021.
Goldcorp's proven and probable gold mineral reserves as of
June 30, 2018 totaled 52.8 million
ounces, compared to 53.5 million ounces as of June 30, 2017 as exploration success at our
operated mines essentially replaced mineral reserves depletion from
production. A small net loss in mineral reserves, from depletion,
was experienced at our non-operated mines, including Pueblo Viejo
("PV").
Measured and Indicated gold mineral resources decreased from
37.1 million ounces to 35.2 million ounces, primarily due to the
impact of the successful conversion of indicated mineral resources
into proven and probable mineral reserves at Musselwhite, Cerro
Negro, Peñasquito and Porcupine. Inferred gold mineral
resources decreased to 17.5 million ounces from 20.0 million
ounces.
Mineral reserve estimates were based on a gold price of
$1,200 per ounce while mineral
resources were estimated using a gold price of $1,400 per ounce. Gold price assumptions were
unchanged from last year's estimates. Complete mineral
reserve and mineral resource information, including tonnes and
grades for all metals and details of the assumptions used in the
calculations, can be found in the table and associated notes below
or on the Company website here.
Goldcorp's mineral reserve growth as part of the 20/20/20 plan
remains on track. Goldcorp expects contributions to our 20%
reserve growth across our portfolio of underexplored land
packages. Porcupine has over 8.4 million ounces in
measured and indicated mineral resources and 3.7 million ounces of
inferred mineral resources. A portion of resources are supported by
the current mining and processing fleet. The Century Gold
Project envisages a significantly larger-scale mining complex,
which could afford us the opportunity for further conversion of
this substantial gold resource into reserve. At
Coffee, an additional 400 thousand ounces of indicated
resources and 600 thousand ounces of inferred resources are hosted
within $1,200 pit shells derived from
the inclusion of that material at the Supremo deposit, as well as
eight satellite deposits. An 80,000 metre infill drilling program
in 2019 is expected to convert a portion to reserves and is being
incorporated into future mine designs. In addition, generative work
has identified a large portfolio of early stage targets which
remain untested and offer the potential for future resource and
reserve growth. At Pueblo Viejo, a pre-feasibility study is
expected by 2020, that has the potential to convert approximately 7
million ounces of measured and indicated mineral resources to
proven and probable mineral reserves (100 percent basis).
Norte Abierto is expected to complete a pre-feasibility
study on the combined Cerro Casale
and Caspiche deposits, with a goal of converting a portion of the
26 million ounces of measured and indicated mineral resources and 8
million ounces of inferred mineral resources (100 percent basis),
by 2021.
![20% Reserve Growth Target(1) (CNW Group/Goldcorp Inc.) 20% Reserve Growth Target(1) (CNW Group/Goldcorp Inc.)](https://mma.prnewswire.com/media/773966/Goldcorp_Inc__Goldcorp_Reports_2018_Reserve_and_Resource_Estimat.jpg)
Musselwhite
Proven and probable gold mineral reserves as of June 30, 2018 totaled 2.3 million ounces,
compared to 1.9 million ounces as of June
30, 2017. Drilling and resource conversion within the PQ
Deeps, Redwings, WEL, Esker/Lynx and SZ2 zones resulted in the
addition of 0.7 million ounces of mineral reserves, offset partly
by depletion. At PQ Deeps C-Block mineralization has expanded
and mineral reserves achieved approximately 70 thousand ounces of
gold per 50 metres compared to 25 thousand ounces currently being
mined.
Figure 1: Musselwhite Northern Iron Formation
Long Section (Link to figure)
Mine exploration at Musselwhite returned positive results from
the Lynx North area located up-dip on the Northern Iron Formation
above the C Block zone in PQ Deeps. These results extend the
strike length of the known Lynx North orebody 500 m to the north of the updated 2018 mineral
reserves, and the combined dip extent of Lynx North and C Block
within the Northern Iron Formation on the south limb of the
Musselwhite synform now extends over 350
m sub-vertically.
Surface drilling from the north shore of Opapamiskin Lake has
recently intersected PQ Deeps chert-garnet-grunerite Northern Iron
Formation 1.2 km along strike and down plunge of the updated 2018
PQ Deeps mineral reserves, and a selection of drill intercepts are
summarized in Table 1 of the appendix.
Musselwhite – Q3-2018 Drilling Results; Coordinates
Cerro Negro
Proven and probable gold mineral reserves as of June 30, 2018 totaled 5.0 million ounces,
compared to 4.9 million ounces as of June
30, 2017. Mineral reserve additions of 0.7 million ounces
and the increase in mineral resources of 0.7 million ounces were
mainly from the Silica Cap deposit, which consist of two main veins
(Silica Cap and Gato Salvaje) as well as ancillary hangingwall and
footwall veins.
Detailed planning work is underway on the integration of the
Silica Cap deposit with the existing Bajo Negro deposit.
These deposits make up the Eastern District mining complex upon
which initial development is expected in 2019. A concept study,
based on the Marianas District and new Eastern District, to define
optimization options for the mine is expected to be completed in
the fourth quarter of 2018. This work will incorporate trade-off
studies on potential mine and mill expansion and grade optimization
scenarios.
Figure 2: Cerro Negro Third Quarter Drilling
Highlights (Link to figure)
Exploration has now shifted back to testing early stage targets
and six targets have been drill tested thus far, with the objective
that at least ten will be tested by the end of 2018.
Encouraging results have been received from the Ricarda vein which
is interpreted to be a fault offset of the Mariana Norte
Este-B. A selection of drill intercepts are summarized in
Table 2 of the appendix, with comprehensive assays provided at the
link below. Surface work will continue over identified
targets in the southern area of the land package to prepare them
for drilling in 2019.
Cerro Negro – Q3-2018 Drilling Results; Coordinates
Peñasquito
Proven and probable gold mineral reserves as of June 30, 2018 totaled 9.1 million ounces,
compared to 9.0 million ounces as of June
30, 2017. Production depletion of 0.6 million ounces was
entirely offset by mineral resource conversion and mine design
changes.
Exploration at Peñasquito is now focused on the evaluation of a
portfolio of 23 early stage targets which were highlighted through
generative work in 2017 and which the Company expects will drive
the future success of the district.
At the Santa Rosa target, 12 diamond drill holes were completed
to date. A selection of drill intercepts are summarized in
Table 3 of the appendix, with comprehensive assays provided at the
link below. The data is currently being modelled to complete
a desktop financial study to determine the next stage of
exploration.
In the second quarter of 2018, a 6,400
m diamond drill program was commenced at Santa Cruz to test for extensions of the Noche
Buena deposit and more distal, geochemical anomalies that were
identified during surface work in 2017. The first hole was drilled
approximately 100 m to the west of
the Noche Buena deposit, evaluating for the possible, previously
untested, extension of mineralization. Results from this hole
(SC-01-18) include 76 m @ 2.28 g/t
gold from 534.0 m and 132 m @ 1.36 g/t gold from 590.0 m.
Peñasquito – Q3-2018 Drilling Results; Coordinates
Porcupine
Proven and probable gold mineral reserves as of June 30, 2018 totaled 8.1 million ounces,
compared to 8.1 million ounces as of June
30, 2017.
Porcupine has over 8.4 million ounces in measured and indicated
mineral resources and 3.7 million ounces of inferred mineral
resources. A portion of resources are supported by the current
mining and processing fleet. As the Company optimizes the Century
Gold Project, there remains opportunity through additional study
work to convert ounces to reserves based on the reduced milling and
mining costs associated with the significantly larger-scale mining
complex, and larger mining fleet envisioned.
Exploration at Porcupine comprised of continued underground
drilling at Hoyle Deeps mine, expansionary drilling of near mine
targets at Borden and regional
generative programs at both Porcupine and Borden. A selection
of drill intercepts are summarized in Table 4 of the appendix, with
comprehensive assays provided at the link below. At the
Borden project, first ore from the
bulk sample area was delivered to Timmins for analysis.
Porcupine – Q3-2018 Drilling Results; Coordinates
Red Lake
Proven and probable gold mineral reserves as of June 30, 2018 totaled 2.1 million ounces,
compared to 2.2 million ounces as of June
30, 2017. Production depletion was offset by resource
conversion at Cochenour and at
Red Lake.
As expected, the mineral reserve estimate at Cochenour more than doubled from 0.15 million
ounces in 2017 to 0.33 million ounces in 2018. The ounces
have primarily been converted within the UMZ and BIF zones.
At HG Young, exploration continued to focus on infill and expansion
of the main plunge of the HG Young mineral system between 9 Level
and 21 Level, with emphasis on understanding the structural
controls to improve modelling and predictive exploration
targeting.
Generative regional exploration programs throughout the
Company's Red Lake greenstone belt
landholdings were ongoing during the third quarter of 2018,
identifying a number of new areas containing broad deformation
zones, ankerite alteration, silicification and veining.
Overburden stripping, mapping and channel sampling at selected
areas will proceed until onset of winter, followed by data
compilation and interpretation to define follow-up programs for the
2019 field season. A selection of drill intercepts are
summarized in Table 5 of the appendix, with comprehensive assays
provided at the link below.
Red Lake – Q3-2018 Drilling
Results; Coordinates
Éléonore
Proven and probable gold mineral reserves as of June 30, 2018 totaled 3.3 million ounces,
compared to 3.8 million ounces as of June
30, 2017. Production depletion accounted for a decrease of
0.3 million ounces, while the balance of the adjustments to the
geologic models was part of a continued effort to ensure only
profitable ounces were included in the reserve model.
Resources were negatively impacted as the geologic modelling
methodology that has been applied to the mineral reserves has been
applied to mineral resources, in addition to economic stope
optimization.
Exploration continued to delineate and expand the Main Ore Shoot
and South Ore Shoot depth extensions. The Éléonore
mineralized horizon remains open down dip where it has been drill
tested 200m below the current mineral
reserves to date and exploration is ongoing to test for extensions
and structural repetitions.
Coffee
Proven and probable gold mineral reserves as of June 30, 2018 totaled 1.7 million ounces,
compared to 2.2 million ounces as of June
30, 2017. Overall the results of the infill drilling
to date are broadly consistent with the previous geologic
model. The decrease was a result of the application of
Goldcorp standards for drill spacing, geological modelling and
criteria to categorize reserves. An additional 400 thousand
ounces of indicated resources and 600 thousand ounces of inferred
resources are hosted within $1,200
pit shells derived from the inclusion of that material at the
Supremo deposit, as well as eight satellite deposits. An 80,000
metre infill drilling program in 2019 is expected to convert a
portion to reserves and is being incorporated into future mine
designs. In addition, generative work has identified a large
portfolio of early stage targets which remain untested and offer
the potential for future resource and reserve growth.
Exploration programs ranged from generative to mineral resource
definition across the property with a continued focus on defining
and systematically testing shallow oxide gold mineralization
targets. Approximately 9,800 soil samples were also collected
across the property, and although most assays are pending, results
received to date, when integrated with new ground VLF-EM
geophysical survey data, have highlighted new potential targets for
future exploration, particularly at Coffee West.
Norte Abierto (Cerro Casale
& Caspiche Deposits)
Proven and probable gold mineral reserves as of June 30, 2018 remain unchanged from 2017 and
total 11.6 million ounces of gold mineral reserves, 13.3 million
ounces of measured and indicated gold mineral resources and 3.9
million ounces of inferred gold mineral resources.
Norte Abierto is expected to complete a pre-feasibility study on
the combined deposits in 2020, which is expected to convert a
portion of the existing resources and be a key contributor to
Goldcorp's 20/20/20 plan.
NuevaUnión
Proven and probable gold mineral reserves as of June 30, 2018 remain unchanged from 2017 and
total 4.5 million ounces of gold mineral reserves, 0.7 million
ounces of measured and indicated gold mineral resources and 3.3
million ounces of inferred gold mineral resources.
Pueblo Viejo
In 2017, Barrick completed an initial scoping-level study for a
plant expansion at the Pueblo Viejo mine that would increase
throughput by 50 percent to 12 million tonnes per year, allowing
the mine to maintain average annual production of 800,000 ounces
after 2022 (100 percent basis).
The project involves the addition of a pre-oxidation heap leach
pad with a capacity of 8 million tonnes per year, a new mill and
flotation concentrator with a capacity of 4 million tonnes per
year, and additional tailings capacity. Higher-grade ore would be
processed through the mill before moving through the flotation and
autoclave circuits. Lower-grade ore would be treated on the
pre-oxidation pad before moving through the mill and autoclave
circuits.
This project has the potential to convert approximately 7
million ounces of measured and indicated mineral resources to
proven and probable mineral reserves (100 percent basis).
Prefeasibility level studies have now been initiated, along with
the construction of on-site proof of concept facilities for
pre-oxidation and flotation, and are expected to be completed by
2020.
Goldcorp Mineral Reserves
As of June 30th, 2018
|
|
|
|
|
|
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|
|
|
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PROVEN
|
|
PROBABLE
|
|
PROVEN &
PROBABLE
|
|
As of
06-30-2017
|
|
Ownership
|
Tonnage
|
Grade
|
Contained
|
|
Tonnage
|
Grade
|
Contained
|
|
Tonnage
|
Grade
|
Contained
|
|
Contained
|
Gold
|
|
mt
|
g/t
|
m
oz
|
|
mt
|
g/t
|
m oz
|
|
mt
|
g/t
|
m
oz
|
|
m
oz
|
Alumbrera
|
37.5%
|
29.63
|
0.40
|
0.38
|
|
1.31
|
0.38
|
0.02
|
|
30.94
|
0.39
|
0.39
|
|
0.21
|
Cerro
Casale
|
50.0%
|
114.85
|
0.65
|
2.39
|
|
483.95
|
0.59
|
9.23
|
|
598.80
|
0.60
|
11.62
|
|
11.62
|
Cerro
Negro
|
100.0%
|
3.68
|
8.11
|
0.96
|
|
14.15
|
8.92
|
4.06
|
|
17.83
|
8.75
|
5.02
|
|
4.86
|
Coffee
|
100.0%
|
11.68
|
1.47
|
0.55
|
|
25.23
|
1.37
|
1.11
|
|
36.91
|
1.40
|
1.67
|
|
2.16
|
Éléonore
|
100.0%
|
3.65
|
5.97
|
0.70
|
|
14.14
|
5.61
|
2.55
|
|
17.78
|
5.69
|
3.25
|
|
3.80
|
Musselwhite
|
100.0%
|
3.59
|
6.57
|
0.76
|
|
7.31
|
6.46
|
1.52
|
|
10.91
|
6.49
|
2.28
|
|
1.85
|
NuevaUnión
|
50.0%
|
166.80
|
0.55
|
2.96
|
|
121.58
|
0.38
|
1.50
|
|
288.37
|
0.48
|
4.46
|
|
4.46
|
Peñasquito
|
100.0%
|
376.43
|
0.58
|
6.97
|
|
143.99
|
0.46
|
2.15
|
|
520.41
|
0.55
|
9.12
|
|
8.95
|
Porcupine
|
100.0%
|
13.42
|
1.64
|
0.71
|
|
216.71
|
1.07
|
7.42
|
|
230.13
|
1.10
|
8.13
|
|
8.05
|
Pueblo
Viejo
|
40.0%
|
41.42
|
2.67
|
3.56
|
|
12.81
|
3.06
|
1.26
|
|
54.24
|
2.76
|
4.82
|
|
5.39
|
Red Lake
|
100.0%
|
1.53
|
10.24
|
0.50
|
|
7.66
|
6.30
|
1.55
|
|
9.19
|
6.95
|
2.05
|
|
2.17
|
Totals
|
|
766.67
|
0.83
|
20.44
|
|
1,048.85
|
0.96
|
32.37
|
|
1,815.52
|
0.90
|
52.81
|
|
53.51
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Silver
|
|
mt
|
g/t
|
m
oz
|
|
mt
|
g/t
|
m
oz
|
|
mt
|
g/t
|
m
oz
|
|
m
oz
|
Cerro
Casale
|
50.0%
|
114.85
|
1.91
|
7.04
|
|
483.95
|
1.43
|
22.30
|
|
598.80
|
1.52
|
29.34
|
|
29.34
|
Cerro
Negro
|
100.0%
|
3.68
|
63.43
|
7.51
|
|
14.15
|
60.88
|
27.69
|
|
17.83
|
61.40
|
35.20
|
|
35.69
|
Peñasquito
|
100.0%
|
376.43
|
34.56
|
418.32
|
|
143.99
|
23.60
|
109.26
|
|
520.41
|
31.53
|
527.58
|
|
545.56
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Pueblo
Viejo
|
40.0%
|
41.42
|
17.97
|
23.94
|
|
12.81
|
15.55
|
6.41
|
|
54.24
|
17.40
|
30.35
|
|
31.87
|
Totals
|
|
536.39
|
26.49
|
456.81
|
|
654.90
|
7.87
|
165.66
|
|
1,191.28
|
16.25
|
622.48
|
|
642.47
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Copper
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Alumbrera
|
37.5%
|
29.63
|
0.38
|
245.04
|
|
1.31
|
0.29
|
8.27
|
|
30.94
|
0.37
|
253.31
|
|
84.42
|
Cerro
Casale
|
50.0%
|
114.85
|
0.19
|
480.87
|
|
483.95
|
0.23
|
2,408.87
|
|
598.80
|
0.22
|
2,889.73
|
|
2,889.73
|
NuevaUnión
|
50.0%
|
442.92
|
0.43
|
4,212.42
|
|
571.49
|
0.38
|
4,755.93
|
|
1,014.41
|
0.40
|
8,968.35
|
|
8,338.67
|
Pueblo
Viejo
|
40.0%
|
41.42
|
0.10
|
88.18
|
|
12.81
|
0.10
|
28.31
|
|
54.24
|
0.10
|
116.49
|
|
120.08
|
Totals
|
|
628.82
|
0.36
|
5,026.51
|
|
1,069.57
|
0.31
|
7,201.37
|
|
1,698.38
|
0.33
|
12,227.88
|
|
11,432.90
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lead
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Peñasquito
|
100.0%
|
372.77
|
0.34
|
2,803.62
|
|
143.55
|
0.26
|
809.58
|
|
516.32
|
0.32
|
3,613.20
|
|
3,560.00
|
Totals
|
|
372.77
|
0.34
|
2,803.62
|
|
143.55
|
0.26
|
809.58
|
|
516.32
|
0.32
|
3,613.20
|
|
3,560.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zinc
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Peñasquito
|
100.0%
|
372.77
|
0.77
|
6,314.23
|
|
143.55
|
0.53
|
1,680.30
|
|
516.32
|
0.70
|
7,994.53
|
|
7,710.38
|
Totals
|
|
372.77
|
0.77
|
6,314.23
|
|
143.55
|
0.53
|
1,680.30
|
|
516.32
|
0.70
|
7,994.53
|
|
7,710.38
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Molybdenum
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
NuevaUnión
|
50.0%
|
276.12
|
0.014
|
86.10
|
|
449.92
|
0.017
|
171.87
|
|
726.03
|
0.016
|
257.98
|
|
238.90
|
Totals
|
|
276.12
|
0.014
|
86.10
|
|
449.92
|
0.017
|
171.87
|
|
726.03
|
0.016
|
257.98
|
|
238.90
|
Note: Totals may not add up due to rounding
Goldcorp Mineral Resources
As of June 30th, 2018
|
|
|
|
|
|
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|
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|
|
MEASURED
|
|
INDICATED
|
|
MEASURED &
INDICATED
|
|
As of
06-30-2017
|
|
Ownership
|
Tonnage
|
Grade
|
Contained
|
|
Tonnage
|
Grade
|
Contained
|
|
Tonnage
|
Grade
|
Contained
|
|
Contained
|
Gold
|
|
mt
|
g/t
|
m
oz
|
|
mt
|
g/t
|
m
oz
|
|
mt
|
g/t
|
m
oz
|
|
m
oz
|
Alumbrera
|
37.5%
|
9.38
|
0.39
|
0.12
|
|
1.13
|
0.37
|
0.01
|
|
10.50
|
0.39
|
0.13
|
|
0.14
|
Caspiche
|
50.0%
|
310.05
|
0.57
|
5.65
|
|
391.75
|
0.47
|
5.97
|
|
701.80
|
0.51
|
11.62
|
|
11.62
|
Cerro
Casale
|
50.0%
|
11.48
|
0.30
|
0.11
|
|
136.85
|
0.36
|
1.57
|
|
148.32
|
0.35
|
1.69
|
|
1.69
|
Cerro
Negro
|
100.0%
|
1.12
|
4.53
|
0.16
|
|
6.34
|
5.35
|
1.09
|
|
7.46
|
5.23
|
1.25
|
|
1.18
|
Coffee
|
100.0%
|
1.81
|
1.22
|
0.07
|
|
22.24
|
0.94
|
0.67
|
|
24.05
|
0.96
|
0.74
|
|
0.78
|
Éléonore
|
100.0%
|
0.79
|
6.15
|
0.16
|
|
2.39
|
4.67
|
0.36
|
|
3.17
|
5.03
|
0.51
|
|
1.34
|
Musselwhite
|
100.0%
|
0.29
|
5.48
|
0.05
|
|
1.90
|
4.55
|
0.28
|
|
2.20
|
4.67
|
0.33
|
|
0.31
|
Noche
Buena
|
50.0%
|
-
|
-
|
-
|
|
27.50
|
0.37
|
0.33
|
|
27.50
|
0.37
|
0.33
|
|
0.65
|
NuevaUnión
|
50.0%
|
0.19
|
0.47
|
0.00
|
|
26.42
|
0.85
|
0.72
|
|
26.62
|
0.85
|
0.72
|
|
0.61
|
Peñasquito
|
100.0%
|
94.03
|
0.25
|
0.76
|
|
104.77
|
0.24
|
0.81
|
|
198.80
|
0.25
|
1.57
|
|
2.35
|
Porcupine
|
100.0%
|
32.70
|
1.23
|
1.30
|
|
229.90
|
0.96
|
7.11
|
|
262.60
|
1.00
|
8.41
|
|
8.39
|
Pueblo
Viejo
|
40.0%
|
5.18
|
2.39
|
0.40
|
|
62.61
|
2.47
|
4.97
|
|
67.79
|
2.46
|
5.37
|
|
5.27
|
Red Lake
|
100.0%
|
1.52
|
18.15
|
0.89
|
|
3.78
|
13.50
|
1.64
|
|
5.30
|
14.83
|
2.53
|
|
2.73
|
Totals
|
|
468.54
|
0.64
|
9.67
|
|
1,017.57
|
0.78
|
25.53
|
|
1,486.11
|
0.74
|
35.20
|
|
37.05
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Silver
|
|
mt
|
g/t
|
m oz
|
|
mt
|
g/t
|
m
oz
|
|
mt
|
g/t
|
m
oz
|
|
m oz
|
Caspiche
|
50.0%
|
310.05
|
1.20
|
11.98
|
|
391.75
|
1.20
|
15.15
|
|
701.80
|
1.20
|
27.12
|
|
27.12
|
Cerro
Casale
|
50.0%
|
11.48
|
1.19
|
0.44
|
|
136.85
|
1.06
|
4.66
|
|
148.32
|
1.07
|
5.10
|
|
5.10
|
Cerro
Negro
|
100.0%
|
1.12
|
41.33
|
1.49
|
|
6.34
|
36.01
|
7.34
|
|
7.46
|
36.81
|
8.83
|
|
9.17
|
Noche
Buena
|
50.0%
|
-
|
-
|
-
|
|
27.50
|
12.35
|
10.92
|
|
27.50
|
12.35
|
10.92
|
|
21.84
|
Peñasquito
|
100.0%
|
94.03
|
28.33
|
85.65
|
|
104.77
|
22.76
|
76.67
|
|
198.80
|
25.40
|
162.31
|
|
237.53
|
Pueblo
Viejo
|
40.0%
|
5.18
|
14.25
|
2.37
|
|
62.61
|
13.61
|
27.40
|
|
67.79
|
13.66
|
29.77
|
|
26.14
|
Totals
|
|
421.86
|
7.52
|
101.93
|
|
729.81
|
6.06
|
142.13
|
|
1,151.67
|
6.59
|
244.05
|
|
326.90
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Copper
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m lbs
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Alumbrera
|
37.5%
|
9.38
|
0.40
|
81.68
|
|
1.13
|
0.40
|
9.84
|
|
10.50
|
0.40
|
91.52
|
|
97.84
|
Caspiche
|
50.0%
|
277.10
|
0.23
|
1,405.07
|
|
363.95
|
0.18
|
1,444.27
|
|
641.05
|
0.20
|
2,849.34
|
|
2,849.34
|
Cerro
Casale
|
50.0%
|
11.48
|
0.13
|
33.40
|
|
136.85
|
0.16
|
495.87
|
|
148.32
|
0.16
|
529.27
|
|
529.27
|
NuevaUnión
|
50.0%
|
66.41
|
0.24
|
344.34
|
|
191.03
|
0.36
|
1,513.28
|
|
257.44
|
0.33
|
1,857.62
|
|
1,847.89
|
Pueblo
Viejo
|
40.0%
|
5.18
|
0.07
|
7.68
|
|
62.61
|
0.08
|
111.73
|
|
67.79
|
0.08
|
119.41
|
|
133.20
|
Totals
|
|
369.55
|
0.23
|
1,872.17
|
|
755.56
|
0.21
|
3,574.99
|
|
1,125.10
|
0.22
|
5,447.16
|
|
5,457.54
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lead
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Peñasquito
|
100.0%
|
89.88
|
0.29
|
579.65
|
|
95.86
|
0.29
|
609.99
|
|
185.74
|
0.29
|
1,189.63
|
|
1,270.51
|
Totals
|
|
89.88
|
0.29
|
579.65
|
|
95.86
|
0.29
|
609.99
|
|
185.74
|
0.29
|
1,189.63
|
|
1,270.51
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zinc
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Peñasquito
|
100.0%
|
89.88
|
0.59
|
1,161.20
|
|
95.86
|
0.49
|
1,044.22
|
|
185.74
|
0.54
|
2,205.42
|
|
2,858.13
|
Totals
|
|
89.88
|
0.59
|
1,161.20
|
|
95.86
|
0.49
|
1,044.22
|
|
185.74
|
0.54
|
2,205.42
|
|
2,858.13
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Molybdenum
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
NuevaUnión
|
50.0%
|
66.22
|
0.007
|
10.43
|
|
164.60
|
0.011
|
38.27
|
|
230.82
|
0.010
|
48.69
|
|
48.25
|
Totals
|
|
66.22
|
0.007
|
10.43
|
|
164.60
|
0.011
|
38.27
|
|
230.82
|
0.010
|
48.69
|
|
48.25
|
Goldcorp Mineral Resources
As of June 30th, 2018
|
|
|
|
|
|
|
INFERRED
|
|
As of
06-30-2017
|
|
Ownership
|
Tonnage
|
Grade
|
Contained
|
|
Contained
|
Gold
|
|
mt
|
g/t
|
m
oz
|
|
m oz
|
Alumbrera
|
37.5%
|
0.34
|
0.31
|
0.00
|
|
0.01
|
Caspiche
|
50.0%
|
99.05
|
0.29
|
0.92
|
|
0.92
|
Cerro
Casale
|
50.0%
|
247.72
|
0.38
|
3.00
|
|
3.00
|
Cerro
Negro
|
100.0%
|
1.13
|
4.63
|
0.17
|
|
0.14
|
Coffee
|
100.0%
|
34.45
|
0.84
|
0.94
|
|
1.15
|
Éléonore
|
100.0%
|
3.19
|
5.76
|
0.59
|
|
1.99
|
Musselwhite
|
100.0%
|
5.17
|
5.19
|
0.86
|
|
1.17
|
Noche
Buena
|
50.0%
|
2.47
|
0.22
|
0.02
|
|
0.03
|
NuevaUnión
|
50.0%
|
188.52
|
0.55
|
3.34
|
|
3.23
|
Peñasquito
|
100.0%
|
14.88
|
0.30
|
0.14
|
|
0.22
|
Porcupine
|
100.0%
|
113.03
|
1.03
|
3.74
|
|
3.69
|
Pueblo
Viejo
|
40.0%
|
18.42
|
2.43
|
1.44
|
|
0.12
|
Red Lake
|
100.0%
|
4.93
|
15.10
|
2.39
|
|
4.35
|
Totals
|
|
733.31
|
0.74
|
17.54
|
|
20.02
|
|
|
|
|
|
|
|
Silver
|
|
mt
|
g/t
|
m
oz
|
|
m
oz
|
Caspiche
|
50.0%
|
99.05
|
0.91
|
2.91
|
|
2.91
|
Cerro
Casale
|
50.0%
|
247.72
|
1.04
|
8.25
|
|
8.25
|
Cerro
Negro
|
100.0%
|
1.13
|
25.04
|
0.91
|
|
0.85
|
Noche
Buena
|
50.0%
|
2.47
|
8.08
|
0.64
|
|
1.28
|
Peñasquito
|
100.0%
|
14.88
|
13.47
|
6.44
|
|
14.25
|
Pueblo
Viejo
|
40.0%
|
18.42
|
10.81
|
6.40
|
|
0.60
|
Totals
|
|
383.67
|
2.07
|
25.56
|
|
28.14
|
|
|
|
|
|
|
|
Copper
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Alumbrera
|
37.5%
|
0.34
|
0.21
|
1.56
|
|
5.04
|
Caspiche
|
50.0%
|
97.80
|
0.12
|
258.73
|
|
258.73
|
Cerro
Casale
|
50.0%
|
247.72
|
0.19
|
1,046.80
|
|
1,046.80
|
NuevaUnión
|
50.0%
|
483.44
|
0.42
|
4,513.52
|
|
5,144.68
|
Pueblo
Viejo
|
40.0%
|
18.42
|
0.09
|
34.88
|
|
0.91
|
Totals
|
|
847.72
|
0.31
|
5,855.49
|
|
6,456.16
|
|
|
|
|
|
|
|
Lead
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Peñasquito
|
100.0%
|
14.87
|
0.17
|
54.13
|
|
85.21
|
Totals
|
|
14.87
|
0.17
|
54.13
|
|
85.21
|
|
|
|
|
|
|
|
Zinc
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
Peñasquito
|
100.0%
|
14.87
|
0.63
|
206.63
|
|
306.74
|
Totals
|
|
14.87
|
0.63
|
206.63
|
|
306.74
|
|
|
|
|
|
|
|
Molybdenum
|
|
mt
|
%
|
m
lbs
|
|
m
lbs
|
NuevaUnión
|
50.0%
|
294.92
|
0.013
|
83.97
|
|
88.20
|
Totals
|
|
294.92
|
0.013
|
83.97
|
|
88.20
|
Goldcorp June 30, 2018 Mineral
Reserve and Mineral Resource Reporting Notes:
1. All Mineral Reserves and Mineral Resources have been
estimated in accordance with the CIM Definition Standards, and in
the case of the Alumbrera mine, the Ore Reserves have been
estimated in accordance with the JORC Code. The JORC Code has been
accepted for current disclosure rules in Canada under NI 43-101 (see below for
definition). Except for properties or projects listed in note 4
below, all Mineral Reserves, Ore Reserves and Mineral Resources set
out in the tables above or elsewhere in this MD&A have been
reviewed and approved by Patrick
Garretson, SME Registered Member, Director, Resources and
Reserves, Goldcorp, who is a qualified person as defined under NI
43-101.
2. All Mineral Resources are reported exclusive of those
Mineral Resources that were converted to Mineral Reserves.
3. Mineral Resources which are not Mineral Reserves do not have
demonstrated economic viability.
4. Mineral Reserves and Mineral Resources are reported
effective June 30, 2018, with the
following conditions or exceptions:
(i)
|
Mineral Reserves and
Mineral Resources for Pueblo Viejo are as per information set forth
in the technical report entitled "Technical Report on the Pueblo
Viejo Project, Sanchez Ramirez province, Dominican Republic" dated
March 19, 2018, prepared by Rosmery Cardenas, B.Sc., P.Eng., RPA
Principal Geologist, Hugo Miranda, MBA, ChMC(RM), RPA
Principal Mining Engineer and Holger Krutzelmann, B.Sc., P.Eng.,
Associate Principal Metallurgist, with an effective date of
December 31, 2017, which is available under the Company's profile
on SEDAR at www.sedar.com.
|
|
|
(ii)
|
Mineral Reserves and
Mineral Resources for the Cerro Casale Project are as per public
information provided by Barrick Gold Corporation in its 2017-year
end report and fourth quarter results report dated February 15,
2018 but have been adjusted to reflect Goldcorp's 50% ownership in
the Norte Abierto joint venture, have an effective date of December
31, 2017 and were estimated under the supervision of Rick
Sims, Vice President, Resources and Reserves, of Barrick, Steven
Haggarty, Senior Director, Metallurgy, of Barrick and Patrick
Garretson, formerly Senior Director, Life of Mine Planning, of
Barrick.
|
|
|
(iii)
|
Mineral Resources for
the Caspiche Project are as per public information provided by
Exeter Resource Corporation in its 2016 Annual Information Form
dated March 24, 2017 but have been adjusted to reflect Goldcorp's
50% ownership in the Norte Abierto joint venture. The Mineral
Resource Estimate for the Caspiche Project with an effective date
of April 11, 2012 was prepared by Mr. Ted Coupland, MAusIMM(CP), at
the time, Director and Principal Geostatistician of Cube Consulting
Pty Ltd.
|
|
|
(iv)
|
Mineral Reserves and
Mineral Resources for Alumbrera are as per public information
provided by Glencore plc in its 2017 year end Resources and
Reserves Report with an effective date of December 31, 2017 and
have been prepared under the supervision of Flavio Montini who is
an employee of Glencore plc.
|
|
|
(v)
|
For additional
information on the 2017 Mineral Resources and Mineral Reserves
included in the table above for comparative purposes only, which
are effective as of June 30, 2017, please refer to Goldcorp's press
release dated October 25, 2017.
|
5. Mineral Reserves are estimated using appropriate
recovery rates and US$ commodity prices of $1,200 per ounce of gold, $18.00 per ounce of silver, $2.75 per pound of copper, $0.95 per pound of lead, and $1.15 per pound of zinc, unless otherwise noted
below:
(i)
|
Pueblo Viejo and
Cerro Casale
|
Gold - US$1,200/oz.;
Silver - US$16.50/oz.; Copper - US$2.75/lb.
|
(ii)
|
Alumbrera
|
Gold - US$1,250/oz;
Copper - US$2.91/lb
|
(iii)
|
NuevaUnión
|
Gold – US$1,250/oz.;
Copper - US$3.00/lb; Molybdenum - US$7.50/lb
|
6. Mineral Resources are estimated using US$ commodity prices of
$1,400 per ounce of gold,
$20 per ounce of silver, $3.00 per pound of copper, $1.05 per pound of lead, and $1.25 per pound of zinc, unless otherwise noted
below;
(i)
|
Pueblo Viejo and
Cerro Casale
|
Gold - US$1,500/oz;
Silver - US$20.50/oz; Copper - US$3.50/lb
|
(ii)
|
Caspiche
|
Gold - US$1,250/oz;
Silver - US$15.00/oz; Copper - US$2.75/lb
|
(iii)
|
NuevaUnión
|
Gold - US$1,250/oz;
Copper - US$3.00/lb; Molybdenum – US$7.50/lb
|
(iv)
|
Alumbrera
|
Gold - US$1,250/oz;
Copper - US$2.91/lb
|
APPENDIX
Table 1: Significant drill intercepts from Musselwhite
(received in Q3-2018).
Hole
No.
|
Zone
|
From
(m)
|
To
(m)
|
Drilled Width
(m)
|
True
Width
(m)
|
Au
g/t
|
18-LNX-025
|
Lynx North
|
283.5
|
294.0
|
10.5
|
6.6
|
5.35
|
18-LNX-026
|
Lynx North
|
253.2
|
256.3
|
3.1
|
2.0
|
3.39
|
18-LNX-027
|
Lynx North
|
223.7
|
230.3
|
6.6
|
4.9
|
10.31
|
18-LNX-029
|
Lynx North
|
198.9
|
202.0
|
3.1
|
2.8
|
5.36
|
18-LNX-030
|
Lynx North
|
194.7
|
201.9
|
7.2
|
6.8
|
9.24
|
18-LNX-031
|
Lynx North
|
208.8
|
219.1
|
10.3
|
9.4
|
6.06
|
18-LNX-032
|
Lynx North
|
217.3
|
229.0
|
11.7
|
10.3
|
6.68
|
18-LNX-033
|
Lynx North
|
240.4
|
243.6
|
3.2
|
1.9
|
19.21
|
18-LNX-034
|
Lynx North
|
256.8
|
257.5
|
0.7
|
0.4
|
2.47
|
18-LNX-048
|
Lynx North
|
207.7
|
209.5
|
1.8
|
1.4
|
4.84
|
18-LNX-052
|
Lynx North
|
228.5
|
238.5
|
10.0
|
7.9
|
6.44
|
18-NSD-001
|
PQE-C
Block
|
1902.9
|
1908.7
|
5.8
|
4.2
|
1.90
|
18-NSD-003
|
PQE-X
|
1784.7
|
1785.3
|
0.6
|
0.5
|
116.88
|
18-NSD-003
|
PQE-C
Block
|
1888.7
|
1908.2
|
19.5
|
13.1
|
1.48
|
18-NSD-004
|
PQE-C
Block
|
1880.3
|
1893.4
|
13.1
|
9.8
|
5.05
|
18-NSD-005
|
PQE-C
Block
|
1845.2
|
1859.3
|
14.1
|
9.2
|
10.92
|
18-NSD-005
|
PQE-C2
|
1862.9
|
1869.0
|
6.1
|
3.8
|
6.81
|
|
Footnotes:
|
1. Data is for the
quarter ended September 30, 2018.
|
2. All gold values
are uncut.
|
3. True widths are
estimated based on drill angle and interpreted geometry of
mineralization.
|
4. All samples were
submitted for analysis to Activation Laboratories in Dryden,
Ontario, Canada. All samples were analyzed using a 30g charge
fire assay with AA finish. Samples over 10ppm gold were
reanalyzed using gravimetric finish. One in 20 samples was
blank and one in 20 samples was certified reference
material.
|
5. Katie McCormack,
P.Geo, Geology Manager, Musselwhite, is the Qualified Person
responsible for the Musselwhite Exploration
program.
|
Table 2: Significant drill intercepts from Cerro Negro
(received in Q3-2018)
Hole
No.
|
Zone
|
From
(m)
|
To
(m)
|
Drilled Width
(m)
|
True
Width (m)
|
Au
g/t
|
Ag
g/t
|
SDD-18011
|
BO
|
413.00
|
414.00
|
1.00
|
*
|
7.87
|
4.05
|
SDD-18016
|
BO
|
444.85
|
446.10
|
1.25
|
*
|
10.91
|
82.81
|
ERC-18007
|
EKW-EKN
|
231.00
|
232.00
|
1.00
|
*
|
6.10
|
67.20
|
MDD-18029
|
Mara
|
330.00
|
330.40
|
0.40
|
*
|
9.41
|
8.71
|
MDD-18031
|
Mara
|
54.00
|
55.00
|
1.00
|
*
|
11.01
|
512.45
|
MDD-18042
|
Mara
|
289.40
|
290.30
|
0.90
|
*
|
7.88
|
1048.20
|
SDD-18015
|
Ricarda
|
277.50
|
286.75
|
9.25
|
*
|
5.28
|
28.55
|
SDD-18015
|
Ricarda
|
320.50
|
324.40
|
3.90
|
*
|
11.53
|
22.86
|
SRD-18007
|
San Marcos
|
385.00
|
386.20
|
|
0.65
|
5.12
|
18.20
|
SDD-18022
|
San Marcos
Sur
|
489.40
|
490.20
|
0.80
|
*
|
5.59
|
27.67
|
SRC-18021
|
San Marcos
Sur
|
421.00
|
422.00
|
1.00
|
*
|
9.76
|
8.56
|
SCDD-18178
|
Silica Cap
|
280.35
|
280.80
|
|
0.32
|
8.29
|
17.19
|
SCDD-18180
|
Silica Cap
|
155.00
|
156.65
|
1.65
|
*
|
42.49
|
26.66
|
|
Footnotes:
|
1. Data is for the
quarter ended September 30, 2018.
|
2. All gold values
are uncut. NSV = no significant value
|
3. True widths are
estimated based on drill angle and interpreted geometry of
mineralization (*apparent width, true width
undetermined).
|
4. Details of
analytical procedures including quality assurance / quality control
can be found in the 2016 Technical Report filed on Sedar
|
5. Cesar
Riveros-MAusIMM (CP Geo), Exploration Superintendant, Cerro Negro
is the Qualified Person responsible for the Cerro Negro Exploration
program.
|
Table 3: Significant drill intercepts from Peñasquito
(received in Q3-2018)
Hole
No.
|
Zone
|
From
(m)
|
To
(m)
|
Drilled
Width
(m)
|
True
Width
(m)
|
Au
g/t
|
Ag
g/t
|
Zn
(%)
|
Pb
(%)
|
SC-01-18
|
Santa Cruz
|
14.00
|
108.00
|
94.00
|
*
|
0.27
|
4.65
|
0.03
|
0.02
|
SC-01-18
|
Santa Cruz
|
156.00
|
226.00
|
70.00
|
*
|
0.21
|
1.15
|
0.02
|
0.01
|
SC-01-18
|
Santa Cruz
|
350.00
|
414.00
|
64.00
|
*
|
0.27
|
1.60
|
0.01
|
0.00
|
SC-01-18
|
Santa Cruz
|
534.00
|
562.00
|
76.00
|
*
|
2.28
|
203.49
|
0.66
|
0.24
|
SC-01-18
|
Santa Cruz
|
590.00
|
722.00
|
132.00
|
*
|
1.36
|
115.04
|
0.38
|
0.14
|
SC-02-18
|
Santa Cruz
|
550.00
|
560.00
|
10.00
|
*
|
0.23
|
129.30
|
0.18
|
0.67
|
SRD-28B-18
|
Santa Rosa
|
550.00
|
576.00
|
26.00
|
*
|
2.92
|
0.96
|
0.00
|
0.00
|
SRD-28B-18
|
Santa Rosa
|
610.00
|
636.00
|
26.00
|
*
|
0.71
|
0.45
|
0.01
|
0.00
|
SRD-28B-18
|
Santa Rosa
|
738.00
|
752.00
|
14.00
|
*
|
0.49
|
1.01
|
0.01
|
0.00
|
|
Footnotes:
|
1. Data is for the
quarter ended September 30, 2018.
|
2. All gold values
are uncut. NSV = no significant value
|
3. True widths are
estimated based on drill angle and interpreted geometry of
mineralization (*apparent width, true width
undetermined).
|
4. Details of
analytical procedures including quality assurance / quality control
can be found in the 2018 Technical Report filed on Sedar
|
5. Iain Kelso, P.Geo,
Director Exploration Latam, is the Qualified Person responsible for
the Peñasquito Exploration program.
|
Table 4: Significant drill intercepts from Porcupine Gold
Mines (received in Q3-2018)
Hole
No.
|
Zone
|
From
(m)
|
To
(m)
|
Drilled Width
(m)
|
True Width
(m)
|
Au
g/t
|
23753
|
S1
|
284.9
|
286.9
|
2.0
|
1.8
|
201.00
|
23754
|
S1
|
229.6
|
232.6
|
3.0
|
2.6
|
49.00
|
And
|
S1SS
|
238.5
|
239.0
|
0.5
|
0.4
|
193.00
|
23755
|
S1
|
247.2
|
251.4
|
4.2
|
3.6
|
12.60
|
23756
|
S1
|
265.3
|
274.3
|
9.0
|
7.8
|
76.50
|
23757
|
S1
|
286.3
|
286.6
|
0.3
|
0.3
|
17.60
|
23758
|
S1
|
222.9
|
224.5
|
1.6
|
1.4
|
53.00
|
And
|
S1SS
|
236.9
|
237.3
|
0.4
|
0.4
|
656.00
|
23759
|
S1
|
223.1
|
225.6
|
2.5
|
2.2
|
15.60
|
23760
|
S1
|
225.6
|
227.0
|
1.4
|
1.2
|
73.90
|
23761
|
S1
|
|
|
|
|
NSV
|
23762
|
S1
|
266.4
|
267.0
|
0.6
|
0.5
|
2.72
|
|
Footnotes:
|
1. Data is for the
quarter ended September 30, 2018.
|
2. All gold values
are uncut.
|
3. True widths are
estimated based on drill angle and interpreted geometry of
mineralization.
|
4. All samples
were submitted to ALS Timmins for preparation and analysis. All
samples were analyzed using 50g charge fire assay with AA finish or
gravimetric for results over 10.0 g/t. Batches were run in groups
of 20 samples, inserting one blank, one standard, and one duplicate
selected from coarse reject.
|
5. Chris Osiowy,
P.Geo, Exploration Manager at PGM is the QP responsible for the PGM
exploration programs
|
Table 5: Significant drill intercepts from Red Lake (received in Q3-2018)
Hole
No.
|
Zone
|
From
(m)
|
To
(m)
|
Drilled Width
(m)
|
True Width
(m)
|
Au
g/t
|
30L1765
|
Norseman
|
139.0
|
143.0
|
4.1
|
3.1
|
80.93
|
31L932
|
Twin Otter
|
185.2
|
185.9
|
0.8
|
0.5
|
20.97
|
31L932
|
Twin Otter
|
189.7
|
190.6
|
0.9
|
0.6
|
28.86
|
31L943
|
Snowbird
|
59.7
|
61.6
|
1.8
|
1.5
|
19.93
|
31L943
|
Snowbird
|
63.4
|
64.0
|
0.6
|
0.5
|
60.52
|
D142106
|
H.G. Young
Main
|
302.4
|
304.7
|
2.3
|
2.1
|
17.97
|
D142106
|
H.G. Young
Main
|
320.1
|
320.4
|
0.3
|
0.3
|
232.71
|
D142124
|
H.G. Young
Main
|
224.6
|
225.4
|
0.8
|
0.7
|
106.21
|
D142124
|
H.G. Young
Main
|
262.1
|
262.4
|
0.3
|
0.1
|
439.02
|
D142126
|
H.G. Young
Main
|
211.0
|
211.2
|
0.2
|
0.2
|
312.87
|
D142127
|
H.G. Young
Main
|
258.6
|
258.8
|
0.3
|
0.3
|
275.00
|
D142131
|
H.G. Young
Main
|
1.8
|
2.7
|
0.9
|
0.8
|
39.40
|
D142137
|
H.G. Young
Main
|
221.0
|
222.2
|
1.2
|
0.9
|
93.35
|
D142142
|
H.G. Young
Main
|
366.9
|
370.0
|
3.2
|
2.4
|
14.37
|
D142158
|
H.G. Young
Main
|
211.6
|
214.0
|
2.4
|
1.7
|
116.39
|
Including
|
H.G. Young
Main
|
212.8
|
213.1
|
0.3
|
0.2
|
431.13
|
Including
|
H.G. Young
Main
|
213.7
|
214.0
|
0.3
|
0.2
|
272.93
|
D142158
|
H.G. Young
Main
|
219.5
|
219.9
|
0.4
|
0.4
|
78.40
|
D142158
|
H.G. Young
Main
|
220.3
|
220.7
|
0.4
|
0.3
|
148.65
|
DS1591
|
H.G. Young
Main
|
344.7
|
345.2
|
0.5
|
0.4
|
82.87
|
|
Footnotes:
|
1. Data is for the
quarter ended September 30, 2018.
|
2. All gold values
are uncut.
|
3. True widths are
estimated based on drill angle and interpreted geometry of
mineralization.
|
4. All samples were
submitted for analysis to Activation Laboratories in Thunder Bay,
Ontario, Canada. All samples were analyzed using a 30g charge
fire assay with AA finish. Samples over 10ppm gold were
reanalyzed using 30g fire assay with gravimetric finish. One
in 20 samples was blank, one in 20 samples was a certified
reference material and one in 20 samples was a field
duplicate.
|
5. Maura Kolb, P.Geo,
Exploration Manager, Red Lake, is the Qualified Person responsible
for the Red Lake Exploration program.
|
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.
For further information please contact:
INVESTOR
CONTACT
|
MEDIA
CONTACT
|
Shawn
Campbell
Director, Investor
Relations
Telephone: (800)
567-6223
E-mail:
info@goldcorp.com
|
Christine
Marks
Director, Corporate
Communications
Telephone: (604)
696-3050
E-mail:
media@goldcorp.com
|
Cautionary Note Regarding Reserves and Resources:
Scientific and technical information contained in this press
release relating to Mineral Reserves and Mineral Resources was
reviewed and approved by Patrick
Garretson, SME, Registered Member, Director, Resources and
Reserves for Goldcorp, and a "qualified person" as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects ("NI 43-101"). Scientific and technical information in
this press release relating to Canadian exploration results was
reviewed and approved by Tim Smith,
MSc, P.Geo., Director Exploration Canada for Goldcorp, and a
"qualified person" as defined by NI 43-101. Scientific and
technical information in this press release relating to Latin
American exploration results was reviewed and approved by
Iain Kelso, P.Geo., Director
Exploration Latam for Goldcorp, and a "qualified person" as defined
by NI 43-101. All Mineral Reserves and Mineral
Resources have been estimated in accordance with the standards of
the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM")
and NI 43-101, or the Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves equivalent.
All Mineral Resources are reported exclusive of Mineral Reserves.
Mineral Resources that are not Mineral Reserves do not have
demonstrated economic viability. Additional information on the
mineral properties mentioned in this news release that are
considered to be material mineral properties to the Company are
contained in Goldcorp's annual information form for the year ended
December 31, 2017 and the following
technical reports for each of those properties, all of which are
available under the Company's profile at www.sedar.com:
- Technical report entitled "Red Lake Operations, Ontario Canada, NI 43-101 Technical Report"
dated effective December 31,
2015.
- Technical report entitled "Cerro Negro Operations, Santa Cruz Province, Argentina, NI 43-101 Technical Report" dated
effective December 31, 2015.
- Technical report entitled "Peñasquito Polymetallic Operations,
Zacatecas State, Mexico, NI 43-101
Technical Report" dated effective June 30,
2018.
- Technical report entitled "Éléonore Operations, Quebec, Canada, NI 43-101 Technical Report"
dated effective December 31,
2015.
Cautionary Note to United
States investors concerning estimates of measured, indicated
and inferred resources: The Mineral Reserve and Mineral
Resource estimates contained in this press release have been
prepared in accordance with the requirements of the Canadian
securities laws, which differ from the requirements of United States securities laws and use terms
that are not recognized by the United States Securities and
Exchange Commission ("SEC"). Canadian reporting requirements for
disclosure of mineral properties are governed by NI 43-101.
The definitions used in NI 43-101 are incorporated by reference
from the CIM Definition Standards adopted by CIM Council on
May 10, 2014 (the "CIM Definition
Standards"). U.S. reporting requirements are governed by the
SEC Industry Guide 7 ("Industry Guide 7") under the United States
Securities Act of 1933, as amended. These reporting standards have
similar goals in terms of conveying an appropriate level of
confidence in the disclosures being reported, but embody different
approaches and definitions. For example, the terms "Mineral
Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve"
are Canadian mining terms as defined in NI 43-101, and these
definitions differ from the definitions in Industry Guide 7. Under
Industry Guide 7 standards, a "final" or "bankable" feasibility
study is required to report reserves or cash flow analysis to
designate reserves and the primary environmental analysis or report
must be filed with the appropriate governmental authority. Further,
under Industry Guide 7, mineralization may not be classified as a
"reserve" unless the determination has been made that the
mineralization could be economically and legally produced or
extracted at the time the reserve determination is made.
While the terms "Mineral Resource", "Measured Mineral Resource",
"Indicated Mineral Resource" and "Inferred Mineral Resource" are
defined in and required to be disclosed by NI 43-101, these terms
are not defined terms under Industry Guide 7 and are normally not
permitted to be used in reports and registration statements filed
with the SEC. United States
investors are cautioned not to assume that any part or all of
mineral deposits in these categories will ever be converted into
reserves. "Inferred Mineral Resources" have a great amount of
uncertainty as to their existence and their economic and legal
feasibility. A significant amount of exploration must be completed
in order to determine whether an Inferred Mineral Resource may be
upgraded to a higher category. Under Canadian regulations,
estimates of Inferred Mineral Resources may not form the basis of
feasibility or pre-feasibility studies, except in rare cases.
United States investors are
cautioned not to assume that all or any part of an Inferred Mineral
Resource exists or is economically or legally mineable. Disclosure
of "contained ounces" in a resource is permitted disclosure under
Canadian regulations if such disclosure includes the grade or
quality and the quantity for each category of Mineral Resource and
Mineral Reserve; however, the SEC normally only permits issuers to
report mineralization that does not constitute "reserves" by SEC
standards as in place tonnage and grade without reference to unit
measures.
Accordingly, information contained in this press release
containing descriptions of the Company's mineral deposits may not
be comparable to similar information made public by United States companies subject to the
reporting and disclosure requirements under the United States federal securities laws and
the rules and regulations thereunder.
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, the United States Private Securities
Litigation Reform Act of 1995, or in releases made by the United
States Securities and Exchange Commission, all as may be amended
from time to time, 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, the future price of gold, silver, zinc, copper and
lead, 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 and certification time lines, hedging
practices, currency exchange rate fluctuations, requirements for
additional capital, government regulation of mining operations,
environmental risks, unanticipated reclamation expenses, health,
safety and diversity initiatives, 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 or comparable
language 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 and assumptions 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 Goldcorp's
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 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, Mexico, Argentina, the Dominican Republic, Chile or other jurisdictions in which the
Company 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:
future prices of gold, silver, zinc, copper and lead; mine
development and operating risks; possible variations in ore
reserves, grade or recovery rates; 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; failure of plant,
equipment or processes to operate as anticipated; accidents, labour
disputes and other risks of the mining industry; risks associated
with restructuring and cost-efficiency initiatives; delays in
obtaining governmental approvals or financing or in the completion
of development or construction activities; risks related to the
integration of acquisitions; 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 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. 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 disposition,
monetization, merger, acquisition, other business combination or
other transaction 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.
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SOURCE Goldcorp Inc.