GOLDCORP INCREASES DIVIDEND
VANCOUVER, BRITISH COLUMBIA, February 24, 2011 � GOLDCORP INC.
(TSX: G, NYSE: GG) announced today that its Board of Directors
has authorized an 11% increase in the annual dividend to $0.408 per common
share. This follows a doubling of the dividend in October 2010. A
dividend of $0.034 per common share per month will be payable to shareholders
of record as of March 17, 2011. Goldcorp is the only gold producer to pay a
monthly dividend. The increase is being driven by increasing cash flows due to
growing gold production and a continued strong metals market.
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.
CONTACT INFORMATION:
Jeff Wilhoit
Vice President, Investor Relations
(604) 696-3074
Fax: (604) 696-3001
Email: 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.
CONTACT INFORMATION:
Jeff Wilhoit
Vice President, Investor Relations
(604) 696-3074
Fax: (604) 696-3001
Email: info@goldcorp.com
Website: www.goldcorp.com
