GOLDCORP DECLARES THIRD MONTHLY DIVIDEND
PAYMENT FOR 2011
Vancouver, British
Columbia, March 7, 2011 � GOLDCORP INC. (TSX: G, NYSE: GG) is
pleased to declare its third monthly dividend payment for 2011 of $0.034 per
share, which reflects the 11% increase the Company announced on February 24,
2011. Shareholders of record at the close of business on Thursday, March
17, 2011 will be entitled to receive payment of this dividend on Friday, March
25, 2011. Goldcorp has paid a monthly dividend to its shareholders since
2003. Canadian resident individuals who receive dividends from Goldcorp after
2005 are entitled to an enhanced gross-up and dividend tax credit on such
dividends.
Pursuant to tax legislation
enacted in 2007, 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 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.
Forward-looking
statements are made based upon certain assumptions and other important factors
that, if untrue, could cause the actual results, performances or achievements
of Goldcorp to be materially different from future results, performances or
achievements expressed or implied by such statements. Such statements and
information are based on numerous assumptions regarding present and future
business strategies and the environment in which Goldcorp will operate in the
future, including the price of gold, anticipated costs and ability to achieve
goals. Certain important factors that could cause actual results, performances
or achievements to differ materially from those in the forward-looking
statements include, among others, gold price volatility, discrepancies between
actual and estimated production, mineral reserves and resources and
metallurgical recoveries, mining operational and development risks, litigation
risks, regulatory restrictions (including environmental regulatory restrictions
and liability), activities by governmental authorities (including changes in
taxation), currency fluctuations, the speculative nature of gold exploration,
the global economic climate, dilution, share price volatility, competition,
loss of key employees, additional funding requirements and defective title to
mineral claims or property. Although Goldcorp has attempted to identify
important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as anticipated,
estimated or intended.
Forward-looking
statements are subject to known and unknown risks, uncertainties and other
important 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, including economical and political instability in
foreign jurisdictions in which Goldcorp operates; risks related to current
global financial conditions; risks related to joint venture operations; actual
results of current exploration activities; environmental risks; future prices
of gold, silver, copper, lead and zinc; possible variations in ore reserves,
grade or recovery rates; mine development and operating risks; 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; risks related to indebtedness and the service of such
indebtedness, 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, 2009 available at www.sedar.com. 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. Forward-looking
statements are made as of the date hereof and accordingly are subject to change
after such date. Except as otherwise indicated by Goldcorp, these
statements do not reflect the potential impact of any non-recurring or other
special items or of any dispositions, monetizations, mergers, acquisitions,
other business combinations or other transactions that may be announced or that
may occur after the date hereof. Forward-looking statements are provided
for the purpose of providing information about management�s current
expectations and plans and allowing investors and others to get a better
understanding of our operating environment. Goldcorp does not undertake to
update any forward-looking statements that are included in this document,
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
. 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. Forward-looking
statements are made as of the date hereof and accordingly are subject to change
after such date. Except as otherwise indicated by Goldcorp, these
statements do not reflect the potential impact of any non-recurring or other
special items or of any dispositions, monetizations, mergers, acquisitions,
other business combinations or other transactions that may be announced or that
may occur after the date hereof. Forward-looking statements are provided
for the purpose of providing information about management�s current
expectations and plans and allowing investors and others to get a better
understanding of our operating environment. Goldcorp does not undertake to
update any forward-looking statements that are included in this document,
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