Forest Fires Prompt
Evacuation At Goldcorp�s Musselwhite Mine
VANCOUVER, BRITISH
COLUMBIA, July 14, 2011 - GOLDCORP INC. (TSX: G, NYSE: GG) today announced that it has
evacuated a majority of its 380 employees at the Musselwhite mine due to forest
fires in northwestern Ontario. A fire currently located approximately 30
kilometres from Musselwhite is advancing with prevailing winds toward the mine
site. Mining operations have ceased and electricity is being provided by
site-based generator power due to fires that have destroyed a section of the
transmission line supplying power to the site.
A crew will remain at site
to maintain and monitor essential operations and to coordinate with area
firefighting crews from the Ontario Ministry of Natural Resources (OMNR).
Appropriate exit arrangements are in place for remaining personnel. The
Company will provide updates to the situation at the site as conditions
warrant.
The OMNR reports today that
81 fires are actively burning in northwest Ontario. The fires are
not expected to significantly affect First Nations communities in the vicinity
of Musselwhite. Goldcorp will continue to provide assistance to
provincial authorities to safeguard the health and safety of all people in the
area.
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, 2010 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
Vice President, Investor Relations
Goldcorp Inc.
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
Vice President, Investor Relations
Goldcorp Inc.
Telephone: (604) 696-3074
Fax: (604) 696-3001
E-mail: info@goldcorp.com
website: www.goldcorp.com