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Considered a “safe haven” investment, a hedge against currency volatility, inflation and geopolitical factors, gold’s reputation as a store of wealth has been validated over time.
Despite the global financial crisis of 2008, gold ended the year as one of the few investment classes that gained value over the full year.
As one of the best-positioned senior gold mining companies, Goldcorp has the characteristics of growth and quality, offering a strong investment vehicle for investors seeking exposure to gold.
Led by an experienced management and operations team, Goldcorp has continued to add to its gold reserve base and has simplified its portfolio of mines, selling non-core assets and redirecting capital to future growth projects. A clear focus is on delivering growth in gold production, pursuing more than a 50% increase over the next five years primarily through the completion of the Peñasquito project in Mexico and the Pueblo Viejo joint venture project in the Dominican Republic. Goldcorp’s strong growth profile is unmatched in the senior gold space.
Goldcorp’s careful and consistent strategy of conservative cash management has strengthened its position relative to its peers, providing the necessary capital to continue its growth plan regardless of market conditions. With a solid balance sheet that includes no Goldcorp debt, over $260 million in cash at year end, strong cash flows and high-quality assets situated in politically safe jurisdictions, Goldcorp is well positioned to prosper amid a challenging economic environment. The Company achieved above-average returns of 6% in 2008, exceeding the S&P/TSX Global Gold Index, the Dow Jones Industrial Index and the S&P/TSX Composite Index.
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