Growth through acquisition and divestiture, exploration and reinvestment into our unrivalled asset portfolio.
Goldcorp has grown from a mid-sized gold company to one of the world’s largest gold producers by employing a broad-based strategy that combines exploration, mergers & acquisitions, joint ventures and organic development.
Goldcorp evolved over time from a series of acquisitions and divestitures to possess the attributes investors value most:
- high quality sustainable gold production with a focus on cost containment
- financial strength and liquidity
- a focus on high quality deposits in politically stable jurisdictions.
Our merger and acquisition strategy seeks to enhance this highly differentiated investment proposition on an accretive basis without dilution to our shareholders.
Exploration and development
Reserves are the backbone of every gold mining company, as of June 30, 2016 our proven and probable gold mineral reserves totaled 41.83 million ounces and those ounces demonstrate strong economics in the current metals market. We focus on cost-effective exploration in and around our existing asset portfolio. Our exploration budget for 2017 is $100 million.