Toronto Stock Exchange: G
New York Stock Exchange: GG
MUSSELWHITE MINE IS FIRST
GOLD MINE IN CANADA TO RECEIVE INTERNATIONAL CYANIDE MANAGEMENT CODE
CERTIFICATION
Vancouver, British Columbia � February 2, 2010 � GOLDCORP INC.
(GG:NYSE; G:TSX) announced today that the Musselwhite mine, located in
north-western Ontario, Canada, has become the first gold mining operation in
Canada to be fully certified under the International Cyanide Management Code
for the Manufacture, Transport and Use of Cyanide in the Production of Gold
(�the Cyanide Code�). Musselwhite mine is an underground gold mine that
produces approximately a quarter-million ounces of gold annually.
The Cyanide Code is a
voluntary industry program for companies involved in the production of gold
using cyanide. It was developed under the auspices of the United Nations
Environment Programme with the goal of safeguarding human health and the
environment by promoting responsible management of cyanide used in gold mining.
The Company also announced
today that Marigold mine in Nevada has been re-certified under the Cyanide
Code. Marigold is the first gold mine to undergo a second triennial Code
audit and be found in full compliance. In 2007, Marigold became the first
gold mining operation in the world to be fully certified. Along with
Musselwhite and Marigold, Goldcorp�s El Sauzal mine in Mexico and Marlin mine
in Guatemala have also been fully certified.
�Our highest priority is the health and safety of our employees and of the
communities in which we operate,� said Chuck Jeannes, Goldcorp Chief Executive
Officer. �The certification of Musselwhite mine is another positive step
forward in Goldcorp�s commitment to environmental stewardship and operating all
of its mines responsibly and to the highest international standards.�
Goldcorp is the lowest-cost and fastest growing multi-million ounce gold
producer with operations throughout the Americas. Its gold production
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� or �does not expect�, �is expected�, �budget�,
�scheduled�, �estimates�, �forecasts�, �intends�, �anticipates� or �does not
anticipate�, �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�. 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;
delays in obtaining governmental approvals or financing or in the completion of
development or construction activities and other risks of the mining industry,
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, 2008 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. Goldcorp does not
undertake to update any forward-looking statements that are included in this
document, except in accordance with applicable securities laws.
CONTACT INFORMATION:
Goldcorp Inc.
Jeff Wilhoit
Vice President, Investor Relations
Goldcorp Inc.
(604) 696-3074
Fax: (604) 696-3001
Email: info@goldcorp.com
Website: www.goldcorp.com