At year-end 2008, Goldcorp more than replaced mined reserves organically through a $148 million exploration investment. It is the fifth consecutive year of gold reserves growth as proven and probable gold reserves increased 7% to 46.3 million ounces, and proven and probable silver reserves increased 17% to 1,247.3 million ounces. Other achievements in 2008 include:
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Positive metallurgical study results contributed to a 34% increase in proven and probable gold reserves at Peñasquito. |
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Initial resource at Noche Buena represented the first regional exploration success at Peñasquito. |
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Initial inferred resource at Escobal discovery in Guatemala was 145 million ounces of silver and 160,000 ounces of gold. |
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Geologic modeling and drilling success resulted in larger resource and higher average resource grade at Éléonore project. |
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Goldcorp’s share of proven and probable gold reserves at Pueblo Viejo increased by 24% to 8.96 million ounces. |
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