At Goldcorp, our goals are to deliver long-term value and superior returns to shareholders while operating safely and responsibly. There are several elements to our strategy:
Disciplined Portfolio Management
Our continued focus on high-quality gold assets and a disciplined acquisition strategy has helped position Goldcorp for tremendous growth.
Creating Sustainable Value
We remain committed to responsible stewardship, so our business investments are catalysts for positive, sustainable development everywhere we do business.
We’ve consistently focused on driving productivity and efficiency gains throughout our organization with an eye on managing costs to drive accelerating cash flow for our shareholders. And our employees love the opportunities provided in a dynamic environment that encourages innovation.
Sustainable High-Quality Production
In a few short years, we have grown to take our place amongst the world’s largest gold producers, with an asset base of sustainable high-quality production.
In 2015, we produced 3.46 million ounces of gold at an all-in sustaining cost of $894 per ounce. For 2016, the all-in sustaining costs are expected to be between $850 and $925 per gold ounce.
Low Political Risk
Our asset portfolio is located in politically stable, low-risk jurisdictions in the Americas. We conduct business in a socially and environmentally responsible manner, and we share the benefits of our operations with local communities and authorities to ensure that we are welcomed wherever we operate.
Responsible Mining Practices
In every country, in every community, at every operation in which Goldcorp operates, we have improved consistency and effectiveness, while always remaining sensitive to the unique needs of each social, economic and cultural environment.
Peer-Leading Balance Sheet
Our balance sheet is among the strongest in the sector: we ended 2015 with attributable cash and cash equivalents and money market instruments of approximately $0.5 billion, an undrawn credit facility of $3 billion.