VANCOUVER, Feb. 13, 2019 /CNW/ - GOLDCORP INC. (TSX: G,
NYSE: GG) ("Goldcorp" or the "Company") today reported its
fourth quarter and full year 2018 results.
Financial and Operational Results
- As a result of the previously announced acquisition of the
Company by Newmont Mining Corporation ("Newmont") for approximately
$10 billion, Goldcorp recognized a
non-cash impairment of $3,879 million
(net of tax) representing the difference between the book value of
the Company's shareholder's equity and the Newmont offer.
Accordingly, the net loss for the fourth quarter of 2018 was
$3,984 million or $4.58 per share, compared to net earnings of
$242 million or $0.28 per share, for the fourth quarter of
2017.
- Adjusted net earnings(1)(2) were $61 million, or $0.07 per share, for the fourth quarter of 2018,
compared to $116 million, or
$0.14 per share, for the fourth
quarter of 2017.
- Gold production during the fourth quarter of 2018 of 630,000
ounces at an all-in sustaining costs(1)(3) ("AISC") of
$765 per ounce, compared to 646,000
ounces at an AISC of $870 per ounce
for the fourth quarter of 2017.
- Significant project milestones were achieved during the
quarter. Peñasquito's Pyrite Leach Project achieved its first
gold pour in November and commercial production in December;
Porcupine's Borden Project achieved permitting milestones as it
advances towards commercial production, expected in the second half
of 2019; the Coffee Project advanced to the late stages of
permitting and project engineering.
- Ramp ups of Cerro Negro and
Éléonore completed during the fourth quarter. Cerro Negro exited the year at 4,000 tonnes of
ore mined per day, completing the ramp up of mine to nameplate
capacity, while Éléonore exited the year at 6,600 tonnes of ore
mined per day and 35,000 ounces per month, in line with targeted
annual gold production of 400,000 ounces.
Financial and Operating Results
($ millions unless
stated otherwise)
|
Year ended
December 31
|
Quarter ended
December 31
|
2018
|
2017
|
2018
|
2017
|
Gold production
(ounces) (1)
|
2,294,000
|
2,569,000
|
630,000
|
646,000
|
Gold sales (ounces)
(1)
|
2,255,000
|
2,534,000
|
600,000
|
633,000
|
Operating cash
flows
|
$ 791
|
$ 1,211
|
$ 169
|
$ 511
|
Net (loss)
earnings
|
$ (4,149)
|
$ 658
|
$ (3,984)
|
$ 242
|
Net (loss) earnings
per share
|
$ (4.77)
|
$ 0.76
|
$ (4.58)
|
$ 0.28
|
Adjusted net earnings
(1)(2)
|
$ 63
|
$ 360
|
$ 61
|
$ 116
|
Adjusted net earnings
per share (1)(2)
|
$ 0.07
|
$ 0.42
|
$ 0.07
|
$ 0.14
|
Cash costs:
by-product (per ounce) (1)(3)
|
$ 548
|
$ 499
|
$ 489
|
$ 462
|
AISC (per ounce)
(1)(3)
|
$ 851
|
$ 824
|
$ 765
|
$ 870
|
Non-Cash Impairment Expense of Mining Interest
As previously announced on January 14,
2019, Goldcorp entered into an arrangement agreement with
Newmont under which Newmont will acquire all of the outstanding
common shares of Goldcorp in a stock-for-stock transaction valued
at approximately $10.0 billion. This
compared to Goldcorp's pre-impairment book value of its
shareholders' equity of $13.9
billion, resulting in a difference of $3.9 billion. As a result, the company recognized
a non-cash impairment expense of $4.8
billion ($3.9 billion, net of
tax). The non-cash impairment was recorded entirely against the
carrying values of Peñasquito, Cerro
Negro, Red Lake, and
Éléonore; and related to historic acquisition and construction
costs of these mines.
Year ended
December 31
|
2018
|
2017
|
|
Pre-tax
|
After-tax
|
Pre-tax
|
After-tax
|
Peñasquito
|
$
|
1,747
|
$
|
1,203
|
$
|
—
|
$
|
—
|
Éléonore
|
1,633
|
1,369
|
—
|
—
|
Cerro
Negro
|
683
|
533
|
—
|
—
|
Red Lake
|
664
|
774
|
889
|
610
|
Porcupine
|
—
|
—
|
(99)
|
(84)
|
Pueblo
Viejo
|
—
|
—
|
(557)
|
(557)
|
Other
|
—
|
—
|
11
|
8
|
Impairment expense
(reversal)
|
$
|
4,727
|
$
|
3,879
|
$
|
244
|
$
|
(23)
|
Peñasquito & Cerro Negro
At Peñasquito and Cerro Negro,
there was a significant range of potential values attributed to
mineralization not yet classified as reserves in the respective
mine plans. As compared to the prior year, the Company has reduced
the estimated fair values arising of the mineralization not yet
classified as reserves. As a result, the Company recognized an
impairment expense of $1,747 million
($1,203 million, net of tax) and
$683 million ($533 million, net of tax), respectively, against
the carrying values of Peñasquito and Cerro
Negro at December 31,
2018.
Éléonore & Red Lake
At Éléonore and Red Lake, the
estimated fair values were negatively impacted following a decrease
in Mineral Reserves and Mineral Resources from June 30, 2017, to June 30,
2018 at each mine site; as well as a decrease the estimated
mineralization not yet classified as reserves, which reduced the
expected future cash flows. As a result, the Company recognized an
impairment expense of $1,633 million
($1,369 million, net of tax) and
$664 million ($774 million, net of tax), respectively, against
the carrying values of the Éléonore and Red Lake at December
31, 2018.
Please refer to the Company's financial statements, related
notes and accompanying Management's Discussion and Analysis for a
full review of its operations and projects. This can be accessed by
clicking on this link.
Footnotes
|
|
1.
|
The Company has
included certain performance measures, including non-GAAP
performance measures on an attributable basis (Goldcorp share)
throughout this release. Attributable performance measures include
the Company's mining operations and projects and the Company's
share from Pueblo Viejo, Alumbrera and NuevaUnión.
|
|
2.
|
Adjusted net earnings
excludes gains/losses on disposition of mining interests (net of
transaction costs), gains/losses on dilution of ownership
interests, impairment charges, revisions in estimates and
liabilities incurred on reclamation and closure cost obligations,
gains/losses on foreign exchange impacts on deferred income tax
assets and liabilities, and foreign exchange arising on working
capital, as well as significant non-cash, non-recurring
items.
|
|
|
Net (loss) earnings
and net (loss) earnings per share for the year ended 2018 were
affected by, among other things, the following non-cash or other
items that management believes are not reflective of the
performance of the underlying operations (items are denoted as
having (increased)/decreased net earnings and net earnings per
share in the year ended December 31, 2018):
|
$ millions (after
tax)
|
Year ended
December 31
|
Quarter ended
December 31
|
2018
|
2017
|
2018
|
2017
|
Net (loss)
earnings
|
$ (4,149)
|
$ 658
|
$ (3,984)
|
$ 242
|
Non-cash foreign
exchange losses (gains) on deferred tax balances
|
221
|
(83)
|
50
|
63
|
Impairment expense
(reversal), net
|
3,879
|
(23)
|
3,879
|
(23)
|
Tax in respect of
prior years
|
81
|
-
|
81
|
-
|
Deferred tax recovery
on Argentinian tax reform
|
-
|
(156)
|
-
|
(156)
|
Other
|
31
|
(36)
|
35
|
(10)
|
Adjusted net
earnings
|
$
63
|
$ 360
|
$
61
|
$ 116
|
Weighted average
shares outstanding (millions)
|
869
|
862
|
867
|
854
|
Adjusted net
earnings per share
|
$
0.07
|
$ 0.42
|
$
0.07
|
$ 0.14
|
3.
|
"Cash costs: by
product" per ounce and "AISC" per ounce are non-GAAP financial
performance measures.
|
|
Cash costs:
by-product:
|
|
Total cash costs:
by-product incorporate Goldcorp's share of all production costs,
including adjustments to inventory carrying values, adjusted for
changes in estimates in reclamation and closure costs at the
Company's closed mines which are non-cash in nature, and include
Goldcorp's share of by-product silver, lead, zinc and copper
credits, and treatment and refining charges included within
revenue. Additionally, cash costs are adjusted for realized gains
and losses arising on the Company's commodity and foreign currency
contracts which the Company enters into to mitigate its exposure to
fluctuations in by-product metal prices, heating oil prices and
foreign exchange rates, which may impact the Company's operating
costs.
|
|
In addition to
conventional measures, the Company assesses this per ounce measure
in a manner that isolates the impacts of gold production volumes,
the by-product credits, and operating costs fluctuations such that
the non-controllable and controllable variability is independently
addressed. The Company uses total cash costs: by product per gold
ounce to monitor its operating performance internally, including
operating cash costs, as well as in its assessment of potential
development projects and acquisition targets. The Company believes
this measure provides investors and analysts with useful
information about the Company's underlying cash costs of operations
and the impact of by-product credits on the Company's cost
structure and is a relevant metric used to understand the Company's
operating profitability and ability to generate cash flow. When
deriving the production costs associated with an ounce of gold, the
Company includes by-product credits as the Company considers that
the cost to produce the gold is reduced as a result of the
by-product sales incidental to the gold production process, thereby
allowing the Company's management and other stakeholders to assess
the net costs of gold production.
|
|
The Company reports
total cash costs: by-product on a gold ounces sold basis. In the
gold mining industry, this is a common performance measure but does
not have any standardized meaning. The Company follows the
recommendations of the Gold Institute Production Cost Standard. The
Gold Institute, which ceased operations in 2002, was a
non-regulatory body and represented a global group of producers of
gold and gold products. The production cost standard developed by
the Gold Institute remains the generally accepted standard of
reporting cash costs of production by gold mining
companies.
|
|
AISC:
|
|
AISC include total
production cash costs incurred at the Company's mining operations,
which forms the basis of the Company's by-product cash costs.
Additionally, the Company includes sustaining capital expenditures,
corporate administrative expense, mine-site exploration and
evaluation costs, and reclamation cost accretion and amortization.
The measure seeks to reflect the full cost of gold production from
current operations, therefore expansionary capital and
non-sustaining expenditures are excluded. Certain other cash
expenditures, including tax payments, dividends and financing costs
are also excluded.
|
|
The Company believes
that this measure represents the total costs of producing gold from
current operations, and provides the Company and other stakeholders
of the Company with additional information of the Company's
operational performance and ability to generate cash flows. AISC,
as a key performance measure, allows the Company to assess its
ability to support capital expenditures and to sustain future
production from the generation of operating cash flows. This
information provides management with the ability to more actively
manage capital programs and to make more prudent capital investment
decisions.
|
|
The Company reports
AISC on a gold ounces sold basis. This performance measure was
adopted as a result of an initiative undertaken within the gold
mining industry; however, this performance measure has no
standardized meaning and should not be considered in isolation or
as a substitute for measures of performance prepared in accordance
with GAAP. The Company follows the guidance note released by the
World Gold Council, which became effective January 1, 2014. The
World Gold Council is a non-regulatory market development
organization for the gold industry whose members comprise global
senior gold mining companies.
|
|
The following tables
provide a reconciliation of total cash costs: by product to
reported production costs:
|
Quarter ended
December 31, 2018 ($ millions unless stated
otherwise)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production
costs (a)
|
By-Product
Credits
|
Treatment and
Refining Charges
on Concentrate
Sales
|
Other
|
Total Cash
Costs: by-
product
|
Ounces
(000's)
|
Total Cash Costs:
by-product per
ounce (b)(c)
|
Total before
associates and joint venture
|
$
|
464
|
$
|
(209)
|
$
|
18
|
$
|
(41)
|
$
|
232
|
471
|
$
|
495
|
Associates and joint
venture
|
$
|
74
|
$
|
(16)
|
$
|
1
|
$
|
2
|
$
|
61
|
129
|
$
|
470
|
Total -
Attributable
|
$
|
538
|
$
|
(225)
|
$
|
19
|
$
|
(39)
|
$
|
293
|
600
|
$
|
489
|
Quarter ended
December 31, 2017
($ millions unless stated otherwise)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production
costs (a)
|
By-Product
Credits
|
Treatment and
Refining Charges
on Concentrate
Sales
|
Other
|
Total Cash
Costs: by-
product
|
Ounces
(000's)
|
Total Cash Costs:
by-product per
ounce (b)(c)
|
Total before
associates and joint venture
|
$
|
454
|
$
|
(268)
|
$
|
25
|
$
|
(2)
|
$
|
209
|
476
|
$
|
438
|
Associates and joint
venture
|
$
|
89
|
$
|
(28)
|
$
|
2
|
$
|
21
|
$
|
84
|
157
|
$
|
534
|
Total -
Attributable
|
$
|
543
|
$
|
(296)
|
$
|
27
|
$
|
19
|
$
|
293
|
633
|
$
|
462
|
Year ended
December 31, 2018 ($ millions unless stated
otherwise)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production
costs (a)
|
By-Product
Credits
|
Treatment and
Refining Charges
on Concentrate
Sales
|
Other
|
Total Cash
Costs: by-
product
|
Ounces
(000's)
|
Total Cash Costs:
by-product per
ounce (b)(c)
|
Total before
associates and joint venture
|
$
|
1,794
|
$
|
(836)
|
$
|
73
|
$
|
(46)
|
$
|
985
|
1,789
|
$
|
551
|
Associates and joint
venture
|
$
|
317
|
$
|
(89)
|
$
|
5
|
$
|
18
|
$
|
251
|
466
|
$
|
537
|
Total -
Attributable
|
$
|
2,111
|
$
|
(925)
|
$
|
78
|
$
|
(28)
|
$
|
1,236
|
2,255
|
$
|
548
|
Year ended December
31, 2017
($ millions unless stated otherwise)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production
costs (a)
|
By-Product
Credits
|
Treatment and
Refining Charges
on Concentrate
Sales
|
Other
|
Total Cash
Costs: by-
product
|
Ounces
(000's)
|
Total Cash Costs:
by-product per
ounce (b)(c)
|
Total before
associates and joint venture
|
$
|
1,889
|
$
|
(1,023)
|
$
|
132
|
$
|
(7)
|
$
|
991
|
2,002
|
$
|
495
|
Associates and joint
venture
|
$
|
382
|
$
|
(124)
|
$
|
10
|
$
|
6
|
$
|
274
|
532
|
$
|
516
|
Total -
Attributable
|
$
|
2,271
|
$
|
(1,147)
|
$
|
142
|
$
|
(1)
|
$
|
1,265
|
2,534
|
$
|
499
|
|
|
(a)
|
Production costs
includes $13 million and $58 million in royalties for the quarter
and year ended December 31, 2018 (quarter and year ended December
31, 2017 – $18 million and $78 million, respectively).
|
|
|
(b)
|
Total cash costs:
by-product per ounce may not calculate based on amounts presented
in these tables due to rounding.
|
|
|
(c)
|
If silver, copper,
lead and zinc were treated as co-products, total cash costs for the
quarter and year ended December 31, 2018 would have been $607 and
$676 per ounce of gold, respectively (quarter and year ended
December 31, 2017 – $627 and $660 per ounce,
respectively).
|
|
|
(d)
|
Production costs
includes $15 and $19 million for the quarter and year ended
December 31, 2018, related to the Argentine export tax established
on September 4, 2018, which have been excluded from the calculation
of total cash costs and AISC. The impact of including this tax
would be $25 per ounce and $8 per ounce for the quarter and year
ended December 31, 2018.
|
|
|
As described above,
AISC include total production cash costs incurred at the Company's
mining operations, which forms the basis of the Company's cash
costs: by-product and which are reconciled to reported production
costs in the tables above. The following tables provide a
reconciliation of AISC per ounce to total cash costs:
by-product:
|
Quarter ended
December 31, 2018 ($ millions unless stated
otherwise)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash
costs: by-
product
|
Corporate
Administration
|
Exploration
&
evaluation
costs
|
Reclamation
cost accretion
and
amortization
|
Sustaining
capital
expenditures
|
Total AISC
|
Ounces
(000's)
|
Total AISC
per
ounce(a)
|
Total before
associates and joint venture
|
$
|
232
|
$
|
30
|
$
|
5
|
$
|
4
|
$
|
112
|
$
|
383
|
471
|
$
|
813
|
Associates and joint
ventures
|
$
|
61
|
$
|
-
|
$
|
-
|
$
|
1
|
$
|
13
|
$
|
75
|
129
|
$
|
593
|
Total -
Attributable
|
$
|
293
|
$
|
30
|
$
|
5
|
$
|
5
|
$
|
125
|
$
|
458
|
600
|
$
|
765
|
Quarter ended
December 31, 2017
($ millions unless stated otherwise)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash
costs: by-
product
|
Corporate
Administration
|
Exploration
&
evaluation
costs
|
Reclamation
cost accretion
and amortization
|
Sustaining
capital
expenditures
|
Total AISC
|
Ounces
(000's)
|
Total AISC
per
ounce(a)
|
Total before
associates and joint venture
|
$
|
209
|
$
|
46
|
$
|
13
|
$
|
9
|
$
|
173
|
$
|
450
|
476
|
$
|
945
|
Associates and joint
ventures
|
$
|
84
|
$
|
-
|
$
|
-
|
$
|
2
|
$
|
14
|
$
|
100
|
157
|
$
|
641
|
Total –
Attributable
|
$
|
293
|
$
|
46
|
$
|
13
|
$
|
11
|
$
|
187
|
$
|
550
|
633
|
$
|
870
|
Year ended
December 31, 2018 ($ millions unless stated
otherwise)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash
costs: by-
product
|
Corporate
Administration
|
Exploration
&
evaluation
costs
|
Reclamation
cost accretion
and
amortization
|
Sustaining
capital
expenditures
|
Total AISC
|
Ounces
(000's)
|
Total AISC
per
ounce(a)
|
Total before
associates and joint venture
|
$
|
985
|
$
|
131
|
$
|
21
|
$
|
22
|
$
|
441
|
$
|
1,600
|
1,789
|
$
|
895
|
Associates and joint
ventures
|
$
|
251
|
$
|
-
|
$
|
-
|
$
|
7
|
$
|
59
|
$
|
317
|
466
|
$
|
682
|
Total -
Attributable
|
$
|
1,236
|
$
|
131
|
$
|
21
|
$
|
29
|
$
|
500
|
$
|
1,917
|
2,255
|
$
|
851
|
Year ended December
31, 2017
($ millions unless stated otherwise)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash
costs: by-
product
|
Corporate
Administration
|
Exploration
&
evaluation
costs
|
Reclamation
cost accretion
and
amortization
|
Sustaining
capital
expenditures
|
Total AISC
|
Ounces
(000's)
|
Total AISC
per
ounce(a)
|
Total before
associates and joint venture
|
$
|
991
|
$
|
158
|
$
|
38
|
$
|
35
|
$
|
527
|
$
|
1,749
|
2,002
|
$
|
873
|
Associates and joint
ventures
|
$
|
274
|
$
|
-
|
$
|
-
|
$
|
15
|
$
|
49
|
$
|
338
|
532
|
$
|
637
|
Total –
Attributable
|
$
|
1,265
|
$
|
158
|
$
|
38
|
$
|
50
|
$
|
576
|
$
|
2,087
|
2,534
|
$
|
824
|
|
|
(a)
|
AISC may not
calculate based on amounts presented in these tables due to
rounding.
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About Goldcorp www.goldcorp.com
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, 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, 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 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 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 and 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, copper, lead and zinc; 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; possible
variations in ore reserves, grade or recovery rates; failure of
plant, equipment or processes to operate as anticipated; mine
development and operating risks; 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.
For further information please contact:
INVESTOR
CONTACT
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MEDIA
CONTACT
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Shawn
Campbell
Director, Investor
Relations
Telephone: (800)
567-6223
E-mail:
info@goldcorp.com
Email: shawn.campbell@goldcorp.com
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Christine
Marks
Director, Corporate
Communications
Telephone: (604)
696-3050
E-mail:
media@goldcorp.com
E-mail: christine.marks@goldcorp.com
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content:http://www.prnewswire.com/news-releases/goldcorp-reports-fourth-quarter-2018-results-300795414.html
SOURCE Goldcorp Inc.