GOLDCORP DECLARES SECOND MONTHLY DIVIDEND
PAYMENT FOR 2011
(All dollar amounts
in United States dollars (US$))
GOLDCORP INC. (GG:
NYSE; G: TSX) is
pleased to declare its second monthly dividend payment for 2011 of $0.03 per
share, which reflects the Company�s announcement to double the dividend on
October 27, 2010. Shareholders of record at the close of business on
Thursday, February 17, 2011 will be entitled to receive payment of this
dividend on Friday, February 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. 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, 2009, available on www.sedar.com, and Form 40-F for the year
ended December 31, 2009 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
website: www.goldcorp.com