Toronto Stock Exchange: G New York Stock Exchange: GG
VANCOUVER, Jan. 15, 2013 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to announce the declaration of commercial production at the Pueblo Viejo mine in the Dominican Republic by Barrick Gold Corporation ("Barrick"), the mine operator. Pueblo Viejo is a joint venture between Goldcorp and Barrick, where Goldcorp is the 40% partner and Barrick is the 60% partner.
"We look forward to Pueblo Viejo's strong contribution to Goldcorp's portfolio in its first year of commercial production," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. "Pueblo Viejo is an important element of Goldcorp's growth profile in 2013 and beyond. Congratulations to the joint venture team on this important achievement."
Goldcorp's forecast share of 2013 gold production from Pueblo Viejo is expected to be between 330,000 and 435,000 ounces. In its first full five years of operation, Goldcorp's share of annual gold production is anticipated to be between 415,000 and 450,000 ounces.Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged. Cautionary Note Regarding Forward-Looking Statements This 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.