TSX: G $ 35.90 +0.00 +0% Volume: 1,900,000 May 22, 2012
NYSE: GG $ 35.11 -0.41 -1.15% Volume: 4,485,059 May 22, 2012
GOLD: US $ 1,555.05 -13.05 -0.83% Volume: 0 May 23, 2012
Unrivalled-Assets

A large open pit mine in Nevada's historic Battle Mountain Trend

Located in Nevada, Marigold is an efficient open pit operation that has been in production for over two decades. Originally a modest, conventional milling operation, the mine was converted into a large run-of-mine heap leach operation, producing an expected 75,000 ounces of gold for Goldcorp in 2012. Along with higher gold prices, recent exploration activities have increased the mine’s life by an estimated 11 years: the discovery of the Mega ore body transformed several small pits into a single, continuous pit approximately three miles in length.

The operation is jointly owned by Goldcorp (66.7%) and Barrick Gold.

KEY OPERATIONAL FACTS
Location Red Lake, Ontario
Workforce (including contractors) 1,280
Estimated mine life (reserves) 12 years
Mining type Longhole, Underhand and
Overhand Cut and Fill
Processing method Cyanidation
Power usage 42 MW/hr
Milling/Processing capacity 3,100 tpd
2012 gold production estimate 650,000 oz
GOLD RESERVES
Proven (oz) 980,000
Probable (oz) 2,970,000
Proven and Probable (oz)* 3,950,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2011A 2010A 2009A
Operating data      
Gold produced (oz) 622,000 703,300 622,700
Gold sold (oz) 623,200 701,000 635,300
Ore milled/processed (t) 839,600 876,600 781,700
Gold grade (g/t) 23.92 26.0 26.0
Gold recovery (%) 97% 97% 97%
By-product cash costs (US$/oz) $360 $297 $288
Realized gold price (US$/oz) $1,554 $1,233 $982
Throughput (tpd) 2,330 2,440 2,170
Mining costs per tonne mined (US$/t moved) $178 $161 $163
Processing costs per tonne milled (US$/t milled) $37 $34 $34
       
Financial data (US$ millions)      
Revenues $971 $866 $625
Depreciation and depletion $89 $112 $101
Earnings from operations $636 $528 $329
Expenditures on mining interests $268 $204 $110
KEY OPERATIONAL FACTS
   
Location Timmins, Ontario
Workforce (including contractors) 820
Estimated mine life (reserves) 14 years
Mining type Underground
and Stockpiles
Processing method Milling with Gravity
and CIP Recovery
Power usage 22 MW
Milling/Processing capacity 11,000 tpd
2012 gold production estimate 265,000 oz
GOLD RESERVES
   
Proven (oz) 1,440,000
Probable (oz) 2,620,000
Proven and Probable (oz)* 4,060,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2011A 2010A 2009A
Operating data      
Gold produced (oz) 273,100 265,900 318,300
Gold sold (oz) 273,100 265,900 318,600
Ore milled/processed (t) 4,109,900 4,129,400 4,025,400
Gold grade (g/t) 2.26 2.14 2.70
Gold recovery (%) 91% 92% 92%
By-product cash costs (US$/oz) $656 $595 $447
Realized gold price (US$/oz) $1,587 $1,234 $973
Throughput (tpd) 11,420 11,470 11,180
Mining costs per tonne mined (US$/t moved) $126 $91 $3.88/$72
Processing costs per tonne milled (US$/t milled) $11 $11 $10
       
Financial data (US$ millions)      
Revenues $434 $329 $310
Depreciation and depletion $80 $82 $70
Earnings from operations $132 $74 $89
Expenditures on mining interests $92 $88 $38
KEY OPERATIONAL FACTS
   
Location Opapamiskan Lake, Ontario
Workforce (including contractors) 855
Estimated mine life (reserves) 18 years
Mining type Underground
Processing method CIP
Power usage 17 MW
Milling/Processing capacity 4,500 tpd
2012 gold production estimate 270,000 oz
GOLD RESERVES
   
Proven (oz) 630,000
Probable (oz) 1,650,000
Proven and Probable (oz)* 2,280,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2011A 2010A 2009A
Operating data      
Gold produced (oz) 242,600 258,700 232,600
Gold sold (oz) 241,500 257,200 231,200
Ore milled/processed (t) 1,327,300 1,446,800 1,289,500
Gold grade (g/t) 5.91 5.78 5.93
Gold recovery (%) 96% 96% 95%
By-product cash costs (US$/oz) $725 $625 $585
Realized gold price (US$/oz) $1,574 $1,239 $975
Throughput (tpd) 3,690 4,020 3,580
Mining costs per tonne mined (US$/t moved) $76 $65 $63
Processing costs per tonne milled (US$/t milled) $16 $23 $23
       
Financial data (US$ millions)      
Revenues $381 $319 $226
Depreciation and depletion $36 $36 $30
Earnings from operations $158 $112 $52
Expenditures on mining interests $67 $78 $79
KEY OPERATIONAL FACTS
   
Location Humboldt County,
Nevada
Workforce (including contractors) 345
Estimated mine life (reserves) 11 years
Mining type Open Pit
Processing method Heap Leach
Power usage 17.8 MW
Milling/Processing capacity 33,000 tpd
2012 gold production estimate 75,000 oz
GOLD RESERVES
   
Proven (oz) 410,000
Probable (oz) 1,910,000
Proven and Probable (oz)* 2,320,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2011A 2010A 2009A
Operating data      
Gold produced (oz) 102,500 91,200 97,900
Gold sold (oz) 103,700 91,200 99,500
Ore milled/processed (t) 8,596,400 6,162,600 8,001,100
Gold grade (g/t) 0.58 0.61 0.63
Gold recovery (%) 73% 73% 73%
By-product cash costs (US$/oz) $784 $678 $596
Realized gold price (US$/oz) $1,573 $1,224 $994
Throughput (tpd) 35,820 25,680 33,340
Mining costs per tonne mined (US$/t moved) $1.70 $1.48 $1.62
Processing costs per tonne milled (US$/t milled) $1.02 $1.23 $1.03
       
Financial data (US$ millions)      
Revenues $163 $112 $99
Depreciation and depletion $19 $17 $15
Earnings from operations $61 $30 $22
Expenditures on mining interests $25 $20 $29
KEY OPERATIONAL FACTS
Location Lead, South Dakota
Workforce (including contractors) 155
Estimated mine life (reserves) 3 years
Mining type Open Pit
Processing method Heap Leach
Power usage 2.2 MW
Milling/Processing capacity 7,800 tpd
2012 gold production estimate 55,000 oz
GOLD RESERVES
Proven (oz) 290,000
Probable (oz) 420,000
Proven and Probable (oz)* 700,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2011A 2010A 2009A
Operating data      
Gold produced (oz) 67,500 73,300 67,700
Gold sold (oz) 64,800 71,300 69,300
Ore milled/processed (t) 2,890,500 3,103,300
2,874,500
Gold grade (g/t) 0.90 0.71 0.82
Gold recovery (%) 76% 76% 70%
By-product cash costs (US$/oz) $643 $645 $686
Realized gold price (US$/oz) $1,578 $1,233 $974
Throughput (tpd) 8,030 8,620 7,980
Mining costs per tonne mined (US$/t moved) $2.72 $2.26 $2.02
Processing costs per tonne milled (US$/t milled) $1.78 $1.46 $2.12
       
Financial data (US$ millions)      
Revenues $109 $91 $71
Depreciation and depletion $3 $6 $8
Earnings from operations $58 $35 $12
Expenditures on mining interests $16 $5 $2
KEY OPERATIONAL FACTS
   
Location Guatemala
Workforce (including contractors) 2,030
Estimated mine life (reserves) 6 years
Mining type Open Pit and
Underground
Processing method Crushing, Grinding
and Cyanide Milling
Power usage 7–8 MW
Milling/Processing capacity 6,000 tpd
2012 gold production estimate 210,000 oz
GOLD AND SILVER RESERVES
   
Gold Reserves  
Proven (oz) 580,000
Probable (oz) 660,000
Proven and Probable (oz)* 1,250,000
   
Silver Reserves  
Proven (oz) 18,920,000
Probable (oz) 34,570,000
Proven and Probable (oz)* 53,490,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2011A 2010A 2009A
Operating data      
Gold produced (oz) 382,400 296,100 274,900
Gold sold (oz) 381,100 296,000 274,600
Ore milled/processed (t) 1,685,600 1,599,700 2,161,000
Gold grade (g/t) 7.36 5.94 4.26
Gold recovery (%) 96% 96% 93%
By-product cash costs (US$/oz) $(343) $(19) $192
Realized gold price (US$/oz) $1,598 $1,241 $982
Throughput (tpd) 4,680 4,440 6,000
Mining costs per tonne mined (US$/t moved) $2.29/$64 $1.56/$47 $1.37/$38
Processing costs per tonne milled (US$/t milled) $26.84 $20.20 $16.00
       
Financial data (US$ millions)      
Revenues $907 $501 $332
Depreciation and depletion $129 $101 $80
Earnings from operations $607 $269 $137
Expenditures on mining interests $105 $73 $41
OPERATING STATISTICS
Alumbrera (37.5%) 2011A 2010A 2009A
Tonnes Ore Mined (000's) 8,335 9,384 10,989
Waste Mined tonnes (000's) 19,576 22,173 22,085
Strip ratio waste:ore 2.3 2.4 2.0
Ore Milled tonnes (000's) 14,325 14,035 14,075
Milled Grade Au g/t 0.42 0.46 0.49
Milled Grade Cu % 0.40% 0.46% 0.46%
Total Recovery Au % 69% 71% 71%
Total Recovery Cu % 77% 83% 83%
Total Production Au oz 133,500 152,000 158,200
Total Production Cu lbs (000's) 96,500 116,000 118,300
Total Cash Cost* US $/oz $(188) $(619) $(722)
OPERATING STATISTICS 2005
(actual)
2006
(actual)
2007
(actual)
San Martin      
Ore mined tonnes (000's) 5,200 4,022 2,599
Ore Processed tonnes(000's) 5,198 4,023 2,975
Grade Au g/t 0.68 0.78 0.77
Total Recovery Au % 59% 55% 53%
Total Production Au oz 81,500 59,600 45,300
Total Cash Costs US$/oz $294 $350 $479
KEY OPERATIONAL FACTS
   
Location Zacatecas, Mexico
Workforce (including contractors) 2,695
Estimated mine life (reserves) 23 years
Mining type Open Pit
Processing method Flotation
and Grinding
Power usage 161,945 MW
Milling/Processing capacity 130,000 tpd
2012 gold production estimate 425,000 oz
LOM performance metrics1
   
Gold production 500,000 oz
Silver production 28,000,000 oz
Zinc production 450,000,000 lbs
Lead production 200,000,000 lbs

1After reaching full design capacity in 2011

KEY FACTS SUMMARY 2011A 2010A
Operating data  
Gold produced (oz) 254,100 168,200
Gold sold (oz) 233,400 82,200
Ore milled/processed (t) 42,125,200 31,177,800
Gold grade (g/t) 0.37 0.27
Gold recovery (%) 61% 48%
By-product cash costs (US$/oz) ($847) ($863)
Realized gold price (US$/oz) $1,576 $1,355
Throughput (tpd) 86,110 86,610
Mining costs per tonne mined (US$/t moved) $1.56 $1.12
Processing costs per tonne milled (US$/t milled) $8.32 $6.34
   
Financial data (US$ millions)  
Revenues $1,144 $357
Depreciation and depletion $170 $63
Earnings from operations $376 $109
Expenditures on mining interests $170 $197
KEY OPERATIONAL FACTS
Location Mezcala, Guerrero, Mexico
Workforce (including contractors) 2,120
Estimated mine life (reserves) 18 years
Mining type Open Pit
and Underground
Processing method Static Heap
Leaching (Cyanide)
Power usage 4 MW
Milling/Processing capacity 70,000 tpd
2012 gold production estimate 345,000 oz
GOLD AND SILVER RESERVES
Gold reserves
Proven (oz) 2,500,000
Probable (oz) 5,240,000
Proven and Probable (oz)* 7,750,000
   
Silver reserves  
Proven (oz) 13,450,000
Probable (oz) 40,160,000
Proven and Probable (oz)* 53,610,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2011A 2010A 2009A
Operating data      
Gold produced (oz) 336,500 306,100 239,300
Gold sold (oz) 334,900 304,200 238,900
Ore milled/processed (t) 26,565,800 28,055,300 25,424,400
Gold grade (g/t) 0.74 0.67 0.62
Gold recovery (%) 47% 44% 42%
By-product cash costs (US$/oz) $463 $423 $469
Realized gold price (US$/oz) $1,553 $1,237 $975
Throughput (tpd) 73,790 77,930 70,620
Mining costs per tonne mined (US$/t moved) $1.32/$84 $1.28/$72 $0.69/$78
Processing costs per tonne milled (US$/t milled) $2.05 $1.51 $1.26
       
Financial data (US$ millions)      
Revenues $522 $378 $236
Depreciation and depletion $58 $50 $46
Earnings from operations $302 $187 $73
Expenditures on mining interests $74 $48 $73
KEY OPERATIONAL FACTS
Location Urique, Chihuahua, Mexico
Workforce (including contractors) 495
Estimated mine life (reserves) 5 years
Mining type Open Pit
Processing method Dynamic Cyanide
Circuit with CIP
Power usage 9 MW
Milling/Processing capacity 6,000 tpd
2012 gold production estimate 80,000 oz
Gold reserves
Proven (oz) 30,000
Probable (oz) 220,000
Proven and Probable (oz)* 260,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2011A 2009A 2009A
Operating data      
Gold produced (oz) 100,500 152,100 203,800
Gold sold (oz) 100,500 152,200 206,500
Ore milled/processed (t) 2,075,900 2,050,300 2,106,200
Gold grade (g/t) 1.60 2.45 3.17
Gold recovery (%) 94% 94% 94%
By-product cash costs (US$/oz) $524 $301 $201
Realized gold price (US$/oz) $1,583 $1,234 $958
Throughput (tpd) 5,770 5,700 5,850
Mining costs per tonne mined (US$/t moved) $1.40 $1.48 $0.99
Processing costs per tonne milled (US$/t milled) $12.12 $10.73 $10.00
       
Financial data (US$ millions)      
Revenues $160 $189 $199
Depreciation and depletion $43 $66 $89
Earnings from operations $62 $72 $66
Expenditures on mining interests $11 $8 $6