Toronto Stock
Exchange: G
New York Stock Exchange: GG
Goldcorp Declares First
Monthly Dividend Payment For 2008
(All dollar amounts in United States dollars (US$))
Vancouver, British
Columbia - January 7, 2008 - GOLDCORP INC. (GG:NYSE; G:TSX) is pleased to declare its first
monthly dividend payment for 2008 of $0.015 per share. Shareholders of
record at the close of business on Thursday, January 17, 2008 will be entitled
to receive payment of this dividend on Friday, January 25, 2008.
Canadian resident
individuals who receive "eligible dividends" in 2006 and subsequent
years will be entitled to an enhanced gross-up and dividend tax credit on such
dividends. All dividends paid in 2006 and subsequent years by Goldcorp
Inc. are "eligible dividends" for this purpose.
Goldcorp is one of the
world's lowest-cost and fastest growing multi-million ounce gold producers with
operations throughout the Americas. Its gold production remains 100%
unhedged.
Cautionary Note
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. 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" or "does not expect", "is
expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties and other
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: risks
related to the integration of acquisitions; risks related to international
operations; risks related to joint venture operations; 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, copper, lead
and zinc; possible variations in ore reserves, grade or recovery rates; failure
of plant, equipment or processes to operate as anticipated; accidents, labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of development or
construction activities, as well as those factors discussed in the section
entitled "Description of the Business - Risk Factors" in Goldcorp's
Annual Information Form for the year ended December 31, 2006, available on
www.sedar.com, and Form 40-F for the year ended December 31, 2006 on file with
the United States Securities and Exchange Commission in Washington, D.C. 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. Goldcorp
does not undertake to update any forward-looking statements that are
incorporated by reference herein, except in accordance with applicable
securities laws.
For further information,
please contact:
Jeff Wilhoit
VP, Investor Relations
Goldcorp Inc.
3400-666 Burrard Street
Vancouver, British Columbia, V6C 2X8
Telephone: (604) 696-3074
Fax: (604) 696-3001
e-mail: info@goldcorp.com
website: www.goldcorp.com