Definitions

Goldcorp Inc

Goldcorp

Goldcorp Inc. is one of the world’s lowest cost and fastest growing multi-million ounce gold producers. Headquartered in Vancouver, Canada, Goldcorp has 17 operations and development projects in 7 countries across the Americas . Goldcorp has one of the industries strongest production growth profiles with an anticipated increase in gold production of over 50% over the next five years. Goldcorp produced 2.3 million ounces of gold in 2007 at a total cash cost of $163 per ounce of gold. Net earnings increased to a record $460.1 million compared to $408.3 million in 2006. Goldcorp continues to pay a monthly dividend to shareholder's which amounted to $126.9 million during 2007.

Goldcorp has a strong and liquid balance sheet, with no outstanding debt, and has not hedged or sold forward any of its future gold production.

Goldcorp is committed to implementing consistent policies and practices across our diverse group of properties, while recognizing the vastly different environmental, physical and cultural differences that shape each operation. Goldcorp's vision is to "maintain a profitable, growing and responsible gold mining company that delivers long-term rewards to our shareholders, employees and communities."

History

  • On March 31, 2006, Goldcorp acquired the Eleonore gold project in Quebec from Virginia Gold Mines Ltd.
  • On May 12, 2006, Goldcorp completed the purchase of a number of Placer Dome assets for approximately $1.6 billion. The properties were purchased from Barrick Gold following their acquisition of Placer in January 2006.
  • In August 2006, Goldcorp acquired Glamis Gold to create one of the world’s largest gold companies.
  • On February 14, 2008, Goldcorp completed the disposition of 108 million common shares of Silver Wheaton to a syndicate of underwriters, at a price of Cdn $14.50 per share, for aggregate gross proceeds to Goldcorp of $1.571 billion which represents the sale of all of Goldcorp's remaining interest in Silver Wheaton.

See also

List of companies paying monthly dividends

References

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