COMPANY UPDATES

May 2008 - Goldcorp pours its first gold at Penasquito project in Mexico

Goldcorp congratulates the entire team at the Penasquito project in Mexico.  The first gold pour is a significant milestone in the construction of this mine, which will be Goldcorp’s largest mine once built. 

To see more photos, click here. 

February 2008 - Charles F. Rand Memorial Gold Medal Awarded to Goldcorp's President

Goldcorp congratulates its President and CEO, Kevin McArthur, who was presented the 2008 Charles F. Rand Memorial Gold Medal.   This prestigious award, presented by the American Institute of Mining Engineers, recognizes distinguished achievement in mining administration.  The award acknowledges Mr. McArthur’s lifetime commitment and dedication to the mining and mineral exploration industry.

December 2007 - Contribution to the Community Prize - Honorable Mention to Montana Explorada de Guatemala

The Guatemalan-American Chamber of Commerce recently awarded a Special and Honorary mention to Montana Explorada de Guatemala for their excellent community development programs in the San Marcos Department (State).  The 'Neighbors for Progress' project not only provided economic contribution to the development of San Miguel Ixtahuacán and Sipacapa, but provided community members with formal education and training on how to administer a project and prioritize community needs.  The project and training demonstrated that more can be accomplished within the community by working together.

We congratulate all the employees at Marlin mine for their efforts.

Montana Award - Click here to enlarge

December 2007 - Peñasquito Mine Expansion

Goldcorp revised its development plan at the Peñasquito project in Zacatecas, Mexico and announced recently that mill throughput will be expanded by 30% to 130,000 tonnes per day and mine life extended by 2 years.  This expansion follows a 48% increase in proven and probable reserves announced in June, 2007.

The expanded Peñasquito operation is expected to produce an average 1.7 million gold equivalent ounces per year (approximately 400,000 ounces of gold plus silver, zinc and lead). 

The Peñasquito project continues to attain key milestones on its way toward on-time start-up. Pre-stripping activities have begun on the initial benches of the Peñasco pit.  The Pabellon-Salaverna road, which provides new and improved access for equipment and materials deliveries, was opened to the public in September.  All towers and cable for the 400 kV power line have been installed, and the line is expected to be energized early in 2008.  The tenth water well in the Cedros Basin was completed, contributing to a sufficient supply of water for the project.  Construction of the crusher installations, oxide conveyor, leach pad, Merrill Crowe facility and mill foundation are on schedule. The Company expects to produce the first gold ounces from heap leaching of oxides in 2008 and mill start-up in 2009.

Peñasquito project site - Click here to enlarge

August 2007 - Dental Brigade Treats Patients in Communities near San Martin Mine, Honduras

Goldcorp has created a number of programs that provide communities with economic and technical means to achieve sustainability. One of the health programs, initiated by the San Martin foundation, and together with the Spanish NGO Dentistas Sin Fronteras, worked to bring a dental brigade to Valle de Siria, Honduras. To date, 500 local patients, covering 4 municipalities have been treated by a dentist from the brigade. The Dental brigade has been a success thanks to the help of everyone at the San Martin Mine.

The San Martin Foundation was founded in 2000 by Goldcorp Inc.'s Honduran subsidiary.

July 2007 - Goldcorp Becomes Signatory to International Cyanide Management Code

On July 25, 2007 the International Cyanide Management Institute accepted Goldcorp's application to become a signatory to the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold. The Code is a voluntary industry program for companies involved in the production of gold using cyanide.

In January, 2007 Goldcorp’s Marigold Mine in Nevada was the first operating gold mine in the world to be certified as compliant with the Code and will now be covered by Goldcorp's application.

By becoming a signatory, Goldcorp commits to follow the Code's Principles and implement its Standards of Practice and to have verification audits of certain of its individual operations conducted by independent third-party auditors within three years of their initial application, and every three years thereafter.

Goldcorp is committed to best practices in environmental management in all aspects of its operations and we work to continually improve its approach to risk management.