FORM
6-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the
month of February 2007
|
Goldcorp
Inc.
(Translation
of registrant's name into English)
|
|
Suite 3400
- 666 Burrard St.
Vancouver,
British Columbia V6C 2X8 Canada
(Address
of principal executive offices)
|
Indicate
by check mark whether the registrant files or will file annual reports
under
cover Form 20-F or Form 40-F.
|
Form
20-F
|
....[
].....
|
Form
40-F
|
....[X]....
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ____
|
Note:Regulation
S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if
submitted solely to provide an attached annual report to security
holders.
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted
by Regulation S-T Rule 101(b)(7): ____
| Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
Indicate
by check mark whether by furnishing the information contained in this Form,
the
registrant is also thereby furnishing the information to the Commission
pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
|
Yes
|
[
]
|
No | [X] |
If
"Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
Signature
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has
duly caused this report to be signed on its behalf by the undersigned,
thereunto
duly authorized.
| GOLDCORP INC. | ||
| |
|
|
|
Date: February
23, 2007
|
/s/Anna
M. Tudela
|
|
|
Name: Anna M. Tudela |
||
|
Title:
Director,
Legal and Assistant Corporate
Secretary
|
||
 |
Suite
3400 - 666 Burrard St.
Vancouver,
BC, V6C 2X8
Tel:
(604) 696-3000
Fax:
(604) 696-3001
|
| Toronto Stock Exchange: G |
New
York Stock Exchange:
GG
|
GOLDCORP
ANNOUNCES 2006 RESERVES, PRODUCTION AND CASH COSTS
(All
figures are in US dollars unless stated otherwise)
Vancouver,
British Columbia - February 23, 2007 - Goldcorp Inc. (GG:NYSE;
G:TSX)
today
reported reserves, resources, production and cash costs as of and
for the year
ended December 31, 2006.
| • |
Proven
and Probable gold reserves increased by 170 percent to
39.8 million
ounces.
|
| • |
Measured
and Indicated gold resources increased more than fivefold
to 16.4 million
ounces.
|
| • |
Inferred
gold resources quadrupled to 30.8 million
ounces.
|
| • |
Proven
and Probable silver reserves increase to 781 million
ounces
|
“The
acquisition of assets during the year from Placer Dome and Glamis
Gold drove the
dramatic increases in reserves and resources in 2006,” said Kevin McArthur,
President and Chief Executive Officer. “Our priority going forward will be on
organic growth initiatives designed to unlock further value from
our very large
mineral concession holdings. We will be investing over $120 million
in
exploration during 2007, with most of that directed toward drilling
in the
shadows of our headframes.”
|
Complete
reserves and resources calculations are as follows:
|
||||
|
GOLDCORP
INC.
|
||||
|
PROVEN
AND PROBABLE RESERVES(1),(4),(5),(6)
|
||||
|
AS
OF DECEMBER 31, 2006
|
||||
|
Based
on attributable ounces
|
||||
|
GOLD
|
|
million
tonnes
|
g
Au/t
|
g
Au/t
|
|
Peñasquito
Mill
|
Mexico
|
476.93
|
0.60
|
9.19
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
71.71
|
3.14
|
7.25
|
|
Red
Lake
|
Canada
|
7.26
|
22.24
|
5.19
|
|
Los
Filos
|
Mexico
|
202.65
|
0.69
|
4.50
|
|
Alumbrera
(37.5%)
|
Argentina
|
143.47
|
0.48
|
2.21
|
|
Marlin
|
Guatemala
|
16.36
|
4.16
|
2.19
|
|
Porcupine
(51.0%)
|
Canada
|
31.40
|
1.76
|
1.78
|
|
Marigold
(66.7%)
|
United
States
|
61.82
|
0.71
|
1.42
|
|
Musselwhite
(68.1%)
|
Canada
|
5.91
|
6.34
|
1.21
|
|
El
Sauzal
|
Mexico
|
13.73
|
2.11
|
0.93
|
|
San
Dimas
|
Mexico
|
4.32
|
5.73
|
0.80
|
|
Peñasquito
Heap Leach
|
Mexico
|
87.06
|
0.28
|
0.79
|
|
Nukay
|
Mexico
|
3.62
|
6.03
|
0.70
|
|
Amapari
|
Brazil
|
6.13
|
2.46
|
0.49
|
|
Peak
|
Australia
|
2.08
|
6.53
|
0.44
|
|
La
Coipa (50.0%)
|
Chile
|
10.14
|
1.32
|
0.43
|
|
Wharf
|
United
States
|
4.16
|
1.10
|
0.15
|
|
San
Martin
|
Honduras
|
4.43
|
0.75
|
0.11
|
|
TOTAL
GOLD
|
39.75
|
|||
|
SILVER
|
million
tonnes
|
g
Ag/t
|
million
ounces
|
|
|
Peñasquito
Mill
|
Mexico
|
476.93
|
33.2
|
508.3
|
|
Peñasquito
Heap Leach
|
Mexico
|
87.06
|
23.8
|
66.5
|
|
San
Dimas
|
Mexico
|
4.32
|
388.2
|
53.8
|
|
Marlin
|
Guatemala
|
16.36
|
93.5
|
49.2
|
|
Los
Filos
|
Mexico
|
202.65
|
5.8
|
37.9
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
71.71
|
16.3
|
37.5
|
|
La
Coipa (50.0%)
|
Mexico
|
10.14
|
85.3
|
27.8
|
|
Peak
|
Australia
|
2.08
|
4.4
|
0.3
|
|
TOTAL
SILVER
|
|
|
781.4
|
|
|
COPPER
|
million
tonnes
|
%
Cu
|
million
pounds
|
|
|
Alumbrera
(37.5%)(2
|
Argentina
|
143.47
|
0.45%
|
1,423
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
71.71
|
0.10%
|
153
|
|
Peak
|
Australia
|
2.08
|
0.68%
|
31
|
|
TOTAL
COPPER
|
|
|
1,607
|
|
|
LEAD
|
million
tonnes
|
%
Pb
|
million
pounds
|
|
|
Peñasquito
Mill
|
Mexico
|
476.93
|
0.35%
|
3,683
|
|
Peak
|
Australia
|
2.08
|
0.14%
|
7
|
|
TOTAL
LEAD
|
|
|
3,690
|
|
|
ZINC
|
million
tonnes
|
%
Zn
|
million
pounds
|
|
|
Peñasquito
Mill
|
Mexico
|
476.93
|
0.76%
|
7,982
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
71.71
|
0.70%
|
1,108
|
|
Peak
|
Australia
|
2.08
|
0.16%
|
7
|
|
TOTAL
ZINC
|
|
|
9,097
|
|
|
GOLDCORP
INC.
MEASURED
AND INDICATED RESOURCES(1),(2),(3),(7)
AS
OF DECEMBER 31, 2006
|
|||||||
|
Based
on attributable ounces
|
|
GOLD
|
|
million
tonnes
|
g
Au/t
|
million
ounces
|
|
Peñasquito
Mill
|
Mexico
|
271.20
|
0.30
|
2.62
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
9.87
|
2.69
|
0.85
|
|
Red
Lake
|
Canada
|
3.19
|
17.68
|
1.81
|
|
Los
Filos
|
Mexico
|
89.80
|
0.62
|
1.78
|
|
Porcupine
(51.0%)
|
Canada
|
39.78
|
1.75
|
2.24
|
|
Marigold
(66.7%)
|
United
States
|
30.94
|
0.70
|
0.69
|
|
Marlin
|
Guatemala
|
3.36
|
2.00
|
0.22
|
|
Alumbrera
(37.5%)
|
Argentina
|
9.00
|
0.37
|
0.11
|
|
Musselwhite
(68.1%)
|
Canada
|
2.28
|
5.56
|
0.41
|
|
Imperial
Project
|
United
States
|
82.76
|
0.58
|
1.53
|
|
Cerro
Blanco
|
Guatemala
|
2.52
|
15.64
|
1.27
|
|
El
Sauzal
|
Mexico
|
6.35
|
0.70
|
0.14
|
|
Nukay
|
Mexico
|
0.26
|
5.78
|
0.05
|
|
Peñasquito
Heap Leach
|
Mexico
|
37.20
|
0.13
|
0.16
|
|
Amapari
|
Australia
|
6.98
|
2.98
|
0.67
|
|
Peak
|
Brazil
|
3.35
|
3.96
|
0.43
|
|
La
Coipa (50.0%)
|
Chile
|
11.47
|
0.99
|
0.36
|
|
Dee
(40%)
|
United
States
|
7.21
|
2.11
|
0.49
|
|
San
Nicolas (35%)
|
Mexico
|
27.99
|
0.48
|
0.43
|
|
San
Martin
|
Honduras
|
6.47
|
0.78
|
0.16
|
|
TOTAL
GOLD
|
|
|
16.42
|
|
|
SILVER
|
million
tonnes
|
g
Ag/t
|
million
ounces
|
|
|
Peñasquito
Mill
|
Mexico
|
271.20
|
26.2
|
228.1
|
|
Peñasquito
Heap Leach
|
Mexico
|
37.20
|
15.8
|
18.9
|
|
Marlin
|
Guatemala
|
3.36
|
71.5
|
7.7
|
|
Los
Filos
|
Mexico
|
89.80
|
5.0
|
14.3
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
9.87
|
9.6
|
3.0
|
|
La
Coipa (50.0%)
|
Chile
|
11.47
|
29.3
|
10.8
|
|
San
Nicolas (35.0%)
|
Mexico
|
27.99
|
29.0
|
26.1
|
|
Cerro
Blanco
|
Guatemala
|
2.52
|
72.0
|
5.8
|
|
Peak
|
Australia
|
3.35
|
6.7
|
0.7
|
|
TOTAL
SILVER
|
|
|
315.4
|
|
|
COPPER
|
million
tonnes
|
%
Cu
|
million
pounds
|
|
|
Alumbrera
(37.5%)
|
Argentina
|
9.00
|
0.38%
|
74
|
|
San
Nicolas (35.0%)
|
Mexico
|
27.99
|
1.33%
|
819
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
9.87
|
0.05%
|
12
|
|
Peak
|
Australia
|
3.35
|
1.17%
|
87
|
|
TOTAL
COPPER
|
|
|
|
992
|
|
LEAD
|
|
million
tonnes
|
%
Pb
|
million
pounds
|
|
Peñasquito
Mill
|
Mexico
|
271.20
|
0.27%
|
1,622
|
|
Peak
|
Australia
|
3.35
|
0.14%
|
11
|
|
TOTAL
LEAD
|
|
|
|
1,633
|
|
ZINC
|
|
million
tonnes
|
%
Zn
|
million
pounds
|
|
Peñasquito
Mill
|
Mexico
|
271.20
|
0.64%
|
3,805
|
|
San
Nicolas (35.0%)
|
Mexico
|
27.99
|
1.84%
|
1,
137
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
9.87
|
0.15%
|
32
|
|
Peak
|
Australia
|
3.35
|
0.22%
|
16
|
|
TOTAL
ZINC
|
4,990
|
|||
|
GOLDCORP
INC.
INFERRED
RESOURCES
AS
OF DECEMBER 31, 2006
|
|||||||
|
Based
on attributable ounces
|
|
GOLD
|
million
tonnes
|
g
Au/t
|
million
ounces
|
|
|
Peñasquito
Mill
|
Mexico
|
2,404.60
|
0.18
|
13.76
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
19.67
|
2.82
|
1.78
|
|
Red
Lake
|
Canada
|
2.94
|
26.34
|
2.49
|
|
Los
Filos
|
Mexico
|
71.49
|
0.62
|
1.42
|
|
Porcupine
(51.0%)
|
Canada
|
26.10
|
1.89
|
1.59
|
|
Marigold
(66.7%)
|
United
States
|
122.53
|
0.43
|
1.68
|
|
Marlin
|
Guatemala
|
20.09
|
1.56
|
1.01
|
|
San
Dimas
|
Mexico
|
17.27
|
3.17
|
1.76
|
|
Musselwhite
(68.1%)
|
Canada
|
2.35
|
6.89
|
0.52
|
|
Imperial
Project
|
United
States
|
43.83
|
0.40
|
0.56
|
|
Cerro
Blanco
|
Guatemala
|
1.35
|
15.31
|
0.67
|
|
El
Sauzal
|
Mexico
|
60.35
|
0.26
|
0.50
|
|
Nukay
|
Mexico
|
4.09
|
5.61
|
0.74
|
|
Peñasquito
Heap Leach
|
Mexico
|
172.00
|
0.07
|
0.39
|
|
Amapari
|
Australia
|
1.92
|
2.47
|
0.15
|
|
Peak
|
Brazil
|
1.99
|
6.50
|
0.42
|
|
La
Coipa (50.0%)
|
Chile
|
0.42
|
0.79
|
0.01
|
|
El
Limon (21.2%)
|
Mexico
|
6.50
|
3.27
|
0.68
|
|
Dee
(40%)
|
United
States
|
0.40
|
2.07
|
0.03
|
|
San
Nicolas (35%)
|
Mexico
|
2.46
|
0.37
|
0.03
|
|
San
Martin
|
Honduras
|
10.82
|
0.26
|
0.09
|
|
TOTAL
GOLD
|
|
|
30.28
|
|
|
SILVER
|
million
tonnes
|
g
Ag/t
|
million
ounces
|
|
|
Peñasquito
Mill
|
Mexico
|
2,404.60
|
11.0
|
849.3
|
|
San
Dimas
|
Mexico
|
17.27
|
320.8
|
178.1
|
|
Peñasquito
Heap Leach
|
Mexico
|
172.00
|
5.8
|
31.8
|
|
Marlin
|
Guatemala
|
20.09
|
27.5
|
17.8
|
|
Los
Filos
|
Mexico
|
71.49
|
5.4
|
12.4
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
19.67
|
4.2
|
2.7
|
|
La
Coipa (50.0%)
|
Chile
|
0.42
|
35.6
|
0.5
|
|
San
Nicolas (35.0%)
|
Mexico
|
2.46
|
23.8
|
1.9
|
|
Cerro
Blanco
|
Guatemala
|
1.35
|
59.6
|
2.6
|
|
Peak
|
Australia
|
1.99
|
5.0
|
0.3
|
|
TOTAL
SILVER
|
|
|
1,097.4
|
|
|
COPPER
|
million
tonnes
|
%
Cu
|
million
pounds
|
|
|
San
Nicolas (35.0%)
|
Mexico
|
2.46
|
1.28%
|
69
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
19.67
|
0.03%
|
13
|
|
Peak
(100%)
|
Australia
|
1.99
|
0.53%
|
23
|
|
TOTAL
COPPER
|
|
|
106
|
|
|
LEAD
|
million
tonnes
|
%
Pb
|
million
pounds
|
|
|
Peñasquito
Mill
|
Mexico
|
2,404.60
|
0.10%
|
5,389
|
|
Peak
|
Australia
|
1.99
|
0.07%
|
3
|
|
TOTAL
LEAD
|
|
|
5,392
|
|
|
ZINC
|
million
tonnes
|
%
Zn
|
million
pounds
|
|
|
Peñasquito
Mill
|
Mexico
|
2,404.60
|
0.29%
|
15,638
|
|
San
Nicolas (35.0%)
|
Mexico
|
2.46
|
1.43%
|
78
|
|
Pueblo
Viejo (40.0%)
|
Dominican
Republic
|
19.67
|
0.02%
|
10
|
|
Peak
|
Australia
|
1.99
|
0.08%
|
4
|
|
TOTAL
ZINC
|
|
|
15,729
|
|
Goldcorp
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, 2006,
with the following
conditions or exceptions;
|
||
| 1 |
Reserves
and Resources for Penasquito are as reported by the
former owner, Glamis
Gold Corp., in their press release of
|
|
| June 21, 2006. | ||
| 2 |
Reserves
and Resources for Cerro Blanco and the Imperial Project
are as reported by
the former owner, Glamis Gold Corp.,
|
|
| in their press releases of February 13, 2006. | ||
| 3 |
Reserves
and Resources for Alumbrera are reported as of June
30,
2006.
|
|
| 4 |
Reserves
and Resources for Pueblo Viejo are as reported by Barrick,
in their press
release of February 22, 2007.
|
|
| 5 |
Reserves
and Resources for El Limon are reported as of November
3,
2004.
|
|
5
|
Qualified
Persons for the Mineral Reserve and Mineral Resource
estimates as defined
by the National Instrument 43-101 are as
follows:
|
||
|
1
|
Red
Lake
|
Stephan
Blais, P.Eng., Red Lake Gold Mines
|
|
| Gold Mines |
Dean
Crick, P.Geo., Red Lake Gold Mines
|
||
|
2
|
San
Dimas
|
Reynaldo
Rivera, MAusIMM, Luismin S.A. de C.V.
|
|
|
3
|
Nukay
|
Reynaldo
Rivera, MAusIMM, Luismin S.A. de C.V.,
|
|
|
4
|
Los
Filos
|
Mike
Hester, P.E., Independent Mining Consultants
|
|
|
Pamela
de Mark, P.Geo., Snowden Mining Consultants
|
|||
|
Andy
Ross, P.Geo., Snowden Mining Consultants
|
|||
|
Reynaldo
Rivera, MAusIMM, Luismin S.A. de C.V.,
|
|||
|
5
|
El
Limon
|
James
N. Grey, P.Geo., Teck Cominco Ltd.
|
|
|
Al
Samis, P.Geo., Teck Cominco Ltd.
|
|||
|
6
|
Alumbrera
|
Luis
Rivera, MAusIMM, Minera Alumbrera Ltd.
|
|
|
7
|
Peak
|
Eric
Strom, P.Eng., Peak Gold Mines
|
|
|
Rex
Berthelsen, MAusIMM, Peak Gold Mines
|
|||
|
8
|
Amapari
|
Trevor
Jones, MAusIMM, MPBA
|
|
|
9
|
Wharf
|
Michael
Kociumbas, P.Geo., Watts Griifis McOuat Ltd.
|
|
|
Ross
McFarlane, P.Eng., Watts Griffis McOuat Ltd.
|
|||
|
10
|
Porcupine
|
Stephen
Price, P.Geo., Porcupine Joint Venture
|
|
|
Alastair
Still, P.Geo, Porcupine Joint Venture
|
|||
|
Imola
Götz, P.Eng., Porcupine Joint Venture
|
|||
|
11
|
Musselwhite
|
Andrew
Cheatle, P.Geo., Musselwhite Mine
|
|
|
Tim
Sanford, P.Eng., Musselwhite Mine
|
|||
|
12
|
La
Coipa
|
Andres
Guaringa, MAusIMM, Mantes de Oro
|
|
|
13
|
Pueblo
Viejo
|
as
per Barrick February 22, 2007 press release
|
|
|
14
|
Penasquito
|
as
per Glamis June 21, 2006 press release
|
|
|
15
|
Marigold
|
Neil
B. Prenn, P.Eng. Mine Dev. Assoc.
|
|
|
16
|
El
Sauzal
|
Neil
B. Prenn, P.Eng. Mine Dev. Assoc.
|
|
|
17
|
Marlin
|
Neil
B. Prenn, P.Eng. Mine Dev. Assoc.
|
|
|
18
|
San
Martin, Honduras
|
Neil
B. Prenn, P.Eng. Mine Dev. Assoc.
|
|
|
19
|
Cerro
Blanco
|
as
per Glamis February 13, 2006 press release
|
|
|
20
|
Imperial
Project
|
as
per Glamis February 13, 2006 press release
|
|
|
21
|
Dee
Project
|
as
per Barrick Gold of North America Technical Report,
Jan.
2007
|
|
|
22
|
Corporate
Overview
|
Randy
V.J. Smallwood, P.Eng., Bob H. Bryson, Goldcorp
Inc.
|
|
6
|
Mineral
Reserves are estimated using appropriate recovery
rates and US$ commodity
prices of $450 per ounce of gold, $7 per ounce
of silver, $1.25 per pound
of copper, $0.30 per pound of lead, and $0.60
per pound of zinc, unless
otherwise noted below;
|
||
|
1
|
$400
/ oz gold
|
Alumbrera,
partial Los Filos, partial Marigold
|
|
|
|
2
|
$425
/ oz gold
|
partial
Los Filos
|
|
|
3
|
$500
/ oz gold
|
Wharf
|
|
|
4
|
$1.00
/ lb copper
|
Alumbrera
|
|
|
5
|
$0.35
/ lb lead
|
Peak
|
|
|
6
|
$0.80
/ lb zinc
|
Peak
|
|
|
7
|
$475
/ oz gold
|
Pueblo
Viejo
|
|
|
8
|
$8.50
/ oz silver
|
Pueblo
Viejo
|
|
7
|
Mineral
Resources are estimated using appropriate recovery
rates and US$ commodity
prices of $525 per ounce of gold, $8 per ounce of silver,
$1.50 per pound
of copper, $0.43 per pound of lead, and $0.86 per pound
of zinc, unless
otherwise noted below;
|
||
|
|
1
|
$300
/ oz gold
|
San
Nicolas
|
|
|
2
|
$400
/ oz gold
|
El
Limon
|
|
|
3
|
$410
/ oz gold
|
Alumbrera
|
|
|
4
|
$648
/ oz gold
|
Penasquito
|
|
|
5
|
$5
/ oz silver
|
San
Nicolas
|
|
|
6
|
$10.08
/ oz silver
|
Penasquito
|
|
|
7
|
$0.90
/ lb copper
|
San
Nicolas
|
|
|
8
|
$1.10
/ lb copper
|
Alumbrera
|
|
|
9
|
$0.35
/ lb lead
|
Peak
|
|
|
10
|
$0.50
/ lb zinc
|
San
Nicolas
|
|
|
11
|
$0.80
/ lb zinc
|
Peak
|
|
12
|
$425
/ oz gold
|
Cerro
Blanco
|
|
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.
Production
and Cash Costs
Gold
production in 2006 increased 49 percent to 1.69 million ounces
while total cash
costs were $33 per ounce. For the fourth quarter ended December
31, 2006, gold
production was 587,800 ounces at a total cash cost of $160 per
ounce. Assuming
the successful sale of the Company’s Peak and Amapari mines, Goldcorp’s forecast
gold production for 2007 is approximately 2.6 million ounces
at an estimated
cash cost of less than $150 per ounce. Production and cash cost
data for 2006 on
a mine-by-mine basis are as follows:
|
Total
Cash Cost
|
||
|
Mine
|
Gold
Production (ounces)
|
(US$
per ounce)
|
|
Red
Lake
|
592,900
|
195
|
|
Musselwhite
|
113,500
|
349
|
|
Porcupine
|
99,700
|
430
|
|
San
Dimas
|
208,400
|
131
|
|
El
Sauzal1
|
63,600
|
97
|
|
Marlin1
|
42,300
|
113
|
|
San
Martin1
|
9,700
|
427
|
|
Alumbrera
|
240,200
|
(1,176)
|
|
Amapari
|
84,200
|
524
|
|
La
Coipa
|
28,300
|
(243)
|
|
Wharf
|
63,000
|
340
|
|
Marigold1
|
24,900
|
308
|
|
Peak
|
122,600
|
215
|
|
Total
|
1,693,300
|
$33
|
1
Includes
production only as of November 4, 2006, the closing date of transaction
with
Glamis Gold.
On
March 8, 2007, Goldcorp will release its financial results for
the fourth
quarter and full year 2006. A conference call will be held at
2:00 p.m. ET to
discuss these results. Participants may join the call by dialing
toll free
1-888-789-0156 or (416) 695-9753 for calls from outside Canada
and the
US.
Goldcorp
is one of the world’s lowest cost and fastest growing multi-million ounce gold
producers with operations throughout the Americas.
Cautionary
Note Regarding Forward-Looking Statements
Safe
Harbor Statement under the United States Private Securities Litigation
Reform
Act of 1995: Except for the statements of historical fact contained
herein, the
information presented constitutes “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such
forward-looking statements, including but not limited to those
with respect to
the price of gold, silver and copper, the timing and amount of
estimated future
production, costs of production, reserve determination and reserve
conversion
rates involve known and unknown risks, uncertainties and other
factors which may
cause the actual results, performance or achievement of Goldcorp
to be
materially different from any future results, performance or
achievements
expressed or implied by such forward-looking statements. Such
factors include,
among others, risks related to the integration of acquisitions,
risks related to
international operations, risks related to joint venture operations,
the actual
results of current exploration activities, actual results of
current reclamation
activities, conclusions of economic evaluations, changes in project
parameters
as plans continue to be refined, future prices of gold, silver
and copper, as
well as those factors discussed in the section entitled “General Development of
the Business - Risks of the Business” in Goldcorp’s Form 40-F on file with the
Securities and Exchange Commission in Washington, D.C. and Goldcorp’s Annual
Information Form on file with the securities regulatory authorities
in Canada.
Although Goldcorp has attempted to identify important factors
that could cause
actual results to differ materially, 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.
For
further information, please
contact:
| Jeff Wilhoit | Melanie Pilon | ||
| Vice President, Investor Relations | Director, Investor Relations | ||
| Goldcorp Inc. | Goldcorp Inc. | ||
| Telephone: (604) 696-3074 | Telephone: 604-696-3024 | ||
| Fax: (604) 696-3001 | Fax: (604) 696-3001 |
|
e-mail:
info@goldcorp.com
|
|||
|
website:
www.goldcorp.com
|
|||