Toronto Stock Exchange: G New York Stock Exchange: GG
VANCOUVER, March 12, 2012 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) announces that the Appellate Court of Antofagasta issued a decision dated February 16, 2012 granting the petition of the Agricultural Community of the Huascoaltinos. The petition challenges the validity of the Resolution of Environmental Qualification (Resolucion de Calificacion Ambiental or RCA) issued by the Environmental Evaluation Commission of the Atacama Region on March 14, 2011. The RCA approved the environmental and social impact statement for the El Morro Project. Under the law of Chile, the ruling of the Appellate Court will not be effective unless and until confirmed by an order issued by the Supreme Court of Chile. The Chilean Environmental Evaluation Commission appealed the Appellate Court's ruling. Sociedad Contractual Minera El Morro (El Morro Company), the Chilean company that owns and operates the El Morro Project, participated in the legal proceedings before the Appellate Court and also appealed the Appellate Court's ruling. Unless and until an order is issued declaring the RCA to be without effect, the El Morro Company intends to continue with the development of the El Morro Project as described by Goldcorp in its press release date February 15, 2012.
The decision of the Appellate Court of Antofagasta is not related in any manner with the litigation pending in Ontario between Barrick Gold Corporation, Xstrata Copper Chile Limitada (and other Xstrata entities), Datawave Sciences Inc. (and other New Gold Inc. entities) and Goldcorp Inc. (and other Goldcorp entities).
C autionary Note Regarding Forward-Looking StatementsThis press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp Inc. ("Goldcorp"). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, 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 forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.