|
|
RESERVES & RESOURCES |
 |
|
RESERVES
as of December 31, 2007, unless noted otherwise |
PROVEN |
PROBABLE |
PROVEN & PROBABLE |
| GOLD |
mt |
g Au/t |
m oz |
mt |
g Au/t |
m oz |
mt |
g Au/t |
m oz |
| Penasquito Mill |
426.80 |
0.57 |
7.85 |
380.30 |
0.37 |
4.55 |
807.10 |
0.48 |
12.40 |
| Pueblo Viejo Gold (40%) |
7.67 |
3.01 |
0.74 |
64.04 |
3.16 |
6.51 |
71.71 |
3.14 |
7.25 |
| Los Filos |
33.71 |
0.83 |
0.90 |
243.77 |
0.61 |
4.75 |
277.47 |
0.63 |
5.64 |
| Red Lake |
0.96 |
36.12 |
1.12 |
5.90 |
17.86 |
3.39 |
6.87 |
20.42 |
4.51 |
| Marlin |
26.12 |
1.35 |
1.13 |
32.56 |
1.67 |
1.75 |
58.67 |
1.53 |
2.25 |
| Porcupine |
4.10 |
5.61 |
0.74 |
11.46 |
4.11 |
1.51 |
15.56 |
4.50 |
2.88 |
| Alumbrera - Jun 30 '07 (37.5%) |
138.75 |
0.45 |
2.00 |
3.75 |
0.35 |
0.04 |
142.50 |
0.45 |
2.04 |
| Musselwhite |
8.59 |
6.23 |
1.72 |
1.16 |
7.05 |
0.26 |
9.74 |
6.32 |
1.98 |
| Marigold (66.7%) |
26.79 |
0.72 |
0.62 |
29.65 |
0.67 |
0.64 |
56.44 |
0.70 |
1.26 |
| Nukay |
1.36 |
6.99 |
0.31 |
3.15 |
5.97 |
0.61 |
4.51 |
6.28 |
0.91 |
| San Dimas |
1.60 |
5.76 |
0.30 |
3.08 |
5.23 |
0.52 |
4.68 |
5.41 |
0.81 |
| Penasquito Heap Leach |
42.20 |
0.21 |
0.28 |
68.30 |
0.17 |
0.37 |
110.50 |
0.18 |
0.65 |
| El Sauzal |
6.03 |
2.24 |
0.43 |
1.08 |
4.02 |
0.14 |
7.10 |
2.51 |
0.57 |
| Wharf |
2.34 |
0.82 |
0.06 |
5.78 |
0.85 |
0.16 |
8.12 |
0.84 |
0.22 |
| Totals |
|
|
18.20 |
|
|
25.18 |
|
|
43.38 |
| SILVER |
mt |
g Ag/t |
m oz |
mt |
g Ag/t |
m oz |
mt |
g Ag/t |
m oz |
| Penasquito Mill |
426.80 |
34.0 |
466.9 |
380.30 |
27.2 |
332.6 |
807.10 |
30.8 |
799.5 |
| Penasquito Heap Leach |
42.20 |
20.9 |
28.3 |
68.30 |
16.4 |
36.1 |
110.50 |
18.1 |
64.4 |
| San Dimas |
1.60 |
387.1 |
19.9 |
3.08 |
378.2 |
37.5 |
4.68 |
381.2 |
57.3 |
| Marlin |
4.10 |
152.8 |
20.1 |
11.46 |
98.1 |
36.1 |
15.56 |
112.5 |
56.3 |
| Los Filos |
33.71 |
3.4 |
3.7 |
243.77 |
6.2 |
48.8 |
277.47 |
5.9 |
52.5 |
| Pueblo Viejo Silver, CU, ZN (40%) |
3.93 |
20.3 |
2.6 |
64.04 |
15.8 |
32.5 |
67.98 |
16.1 |
35.1 |
| Totals |
|
|
541.5 |
|
|
523.6 |
|
|
1,065.1 |
| COPPER |
mt |
% Cu |
m lbs Cu |
mt |
% Cu |
m lbs Cu |
mt |
% Cu |
m lbs Cu |
| Alumbrera - Jun 30 '07 (37.5%) |
138.75 |
0.43% |
1,317 |
3.75 |
0.38% |
31 |
142.50 |
0.43% |
1,348 |
| Pueblo Viejo Silver, CU, ZN (40%) |
3.93 |
0.11% |
10 |
64.04 |
0.10% |
134 |
67.98 |
0.10% |
144 |
| Totals |
|
|
1,327 |
|
|
165 |
|
|
1,492 |
| LEAD |
mt |
% Pb |
m lbs Pb |
mt |
% Pb |
m lbs Pb |
mt |
% Pb |
m lbs Pb |
| Penasquito Mill |
426.80 |
0.36% |
3,432 |
380.30 |
0.29% |
2,444 |
807.10 |
0.33% |
5,876 |
| Totals |
|
|
3,432 |
|
|
2,444 |
|
|
5,876 |
| ZINC |
mt |
% Zn |
m lbs Zn |
mt |
% Zn |
m lbs Zn |
mt |
% Zn |
m lbs Zn |
| Penasquito Mill |
426.80 |
0.78% |
7,365 |
380.20 |
0.65% |
5,442 |
807.10 |
0.72% |
12,806 |
| Pueblo Viejo Silver, CU, ZN (40%) |
3.93 |
0.86% |
75 |
64.04 |
0.68% |
961 |
67.98 |
0.69% |
1,036 |
| Totals |
|
|
7,440 |
|
|
6,403 |
|
|
13,842 |
RESOURCES
as of December 31, 2007, unless noted otherwise |
MEASURED |
INDICATED |
MEASURED & INDICATED |
INFERRED |
| GOLD |
mt |
g Au/t |
m oz |
mt |
g Au/t |
m oz |
mt |
g Au/t |
m oz |
mt |
g Au/t |
m oz |
| Cerro Blanco |
- |
- |
- |
2.52 |
15.64 |
1.27 |
2.52 |
15.64 |
1.27 |
1.35 |
15.31 |
0.67 |
| Dee (40%) |
- |
- |
- |
6.51 |
2.40 |
0.50 |
6.51 |
2.40 |
0.50 |
0.22 |
0.70 |
0.01 |
| Eleonore |
- |
- |
- |
10.78 |
7.23 |
2.51 |
10.78 |
7.23 |
2.51 |
5.63 |
6.47 |
1.17 |
| El Limon (21.2%) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
6.50 |
3.27 |
0.68 |
| El Sauzal |
0.48 |
2.25 |
0.04 |
0.42 |
2.02 |
0.03 |
0.91 |
2.14 |
0.06 |
0.02 |
2.38 |
0.00 |
| Imperial Project |
67.88 |
0.59 |
1.29 |
14.88 |
0.51 |
0.24 |
82.76 |
0.58 |
1.53 |
43.83 |
0.40 |
0.56 |
| Los Filos |
6.26 |
0.69 |
0.14 |
78.11 |
0.53 |
1.33 |
84.37 |
0.54 |
1.47 |
73.49 |
0.56 |
1.33 |
| Marigold (66.7%) |
12.70 |
0.67 |
0.27 |
18.24 |
0.71 |
0.42 |
30.94 |
0.70 |
0.69 |
122.53 |
0.43 |
1.68 |
| Marlin |
0.70 |
1.67 |
0.04 |
2.21 |
1.45 |
0.10 |
2.91 |
1.50 |
0.14 |
2.21 |
4.06 |
0.29 |
| Musselwhite |
1.15 |
5.62 |
0.21 |
1.86 |
6.14 |
0.37 |
3.00 |
5.94 |
0.57 |
3.86 |
6.19 |
0.77 |
| Nukay |
- |
- |
- |
0.90 |
5.41 |
0.16 |
0.90 |
5.41 |
0.16 |
8.84 |
5.70 |
1.62 |
| Penasquito |
107.02 |
0.25 |
0.86 |
571.44 |
0.21 |
3.87 |
678.46 |
0.22 |
4.73 |
1,220.00 |
0.23 |
9.02 |
| Porcupine |
5.34 |
2.27 |
0.39 |
68.05 |
1.61 |
3.52 |
73.38 |
1.66 |
3.91 |
43.94 |
1.67 |
2.35 |
| Pueblo Viejo Gold (40%) |
0.30 |
2.90 |
0.03 |
9.57 |
2.68 |
0.82 |
9.87 |
2.69 |
0.85 |
19.67 |
2.82 |
1.78 |
| Red Lake |
0.73 |
24.03 |
0.56 |
3.17 |
17.10 |
1.74 |
3.89 |
18.39 |
2.30 |
6.41 |
18.26 |
3.76 |
| San Dimas |
- |
- |
- |
- |
- |
- |
- |
- |
- |
17.55 |
3.29 |
1.85 |
| San Nicolas (35%) |
0.66 |
0.96 |
0.02 |
27.33 |
0.47 |
0.41 |
27.99 |
0.48 |
0.43 |
2.46 |
0.37 |
0.03 |
| Wharf |
3.10 |
0.74 |
0.07 |
4.77 |
0.72 |
0.11 |
7.86 |
0.73 |
0.18 |
4.01 |
0.82 |
0.11 |
| Totals |
|
|
3.91 |
|
|
17.40 |
|
|
21.31 |
|
|
27.68 |
| SILVER |
mt |
g Ag/t |
m oz |
mt |
g Ag/t |
m oz |
mt |
g Ag/t |
m oz |
mt |
g Ag/t |
m oz |
| Cerro Blanco |
- |
- |
- |
2.52 |
72.0 |
5.8 |
2.52 |
72.0 |
5.8 |
1.35 |
59.6 |
2.6 |
| Dee (40%) |
- |
- |
- |
6.51 |
11.7 |
2.5 |
6.51 |
11.7 |
2.5 |
0.22 |
3.4 |
0.0 |
| Los Filos |
6.26 |
3.4 |
0.7 |
78.11 |
5.3 |
13.3 |
84.37 |
5.1 |
14.0 |
73.49 |
5.5 |
13.0 |
| Marlin |
0.70 |
44.4 |
1.0 |
2.21 |
47.5 |
3.4 |
2.91 |
46.8 |
4.4 |
2.21 |
146.7 |
10.4 |
| Penasquito |
107.02 |
21.2 |
73.0 |
571.44 |
18.5 |
340.3 |
678.46 |
18.9 |
413.3 |
1,220.00 |
13.0 |
509.9 |
| Pueblo Viejo Silver, CU, ZN (40%) |
0.30 |
12.7 |
0.1 |
9.57 |
9.5 |
2.9 |
9.87 |
9.6 |
3.0 |
19.67 |
4.2 |
2.7 |
| San Dimas |
- |
- |
- |
- |
- |
- |
- |
- |
- |
17.55 |
324.4 |
183.0 |
| San Nicolas (35%) |
0.66 |
46.5 |
1.0 |
27.33 |
28.6 |
25.1 |
27.99 |
29.0 |
26.1 |
2.46 |
23.8 |
1.9 |
| Totals |
|
|
75.8 |
|
|
393.3 |
|
|
469.1 |
|
|
723.5 |
| COPPER |
mt |
% Cu |
m lbs Cu |
mt |
% Cu |
m lbs Cu |
mt |
% Cu |
m lbs Cu |
mt |
% Cu |
m lbs Cu |
| San Nicolas (35%) |
0.66 |
0.73% |
11 |
27.33 |
1.34% |
809 |
27.99 |
1.33% |
819 |
2.46 |
1.28% |
69 |
| Pueblo Viejo Silver, CU, ZN (40%) |
0.30 |
0.06% |
- |
9.57 |
0.05% |
11 |
9.87 |
0.05% |
12 |
19.67 |
0.03% |
13 |
| Totals |
|
|
11 |
|
|
820 |
|
|
831 |
|
|
82 |
| LEAD |
mt |
% Pb |
m lbs Pb |
mt |
% Pb |
m lbs Pb |
mt |
% Pb |
m lbs Pb |
mt |
% Pb |
m lbs Pb |
| Penasquito |
107.02 |
0.23% |
536 |
571.44 |
0.19% |
2,406 |
678.46 |
0.20% |
2,942 |
1,220.00 |
0.07% |
1,883 |
| Totals |
|
|
536 |
|
|
2,406 |
|
|
2,942 |
|
|
1,883 |
| ZINC |
mt |
% Zn |
m lbs Zn |
mt |
% Zn |
m lbs Zn |
mt |
% Zn |
m lbs Zn |
mt |
% Zn |
m lbs Zn |
| Penasquito |
107.02 |
0.62% |
1,453 |
571.44 |
0.51% |
6,464 |
678.46 |
0.53% |
7,917 |
1,220.00 |
0.50% |
13,448 |
| San Nicolas (35%) |
0.66 |
3.60% |
52 |
27.33 |
1.80% |
1,085 |
27.99 |
1.84% |
1,137 |
2.46 |
1.43% |
78 |
| Pueblo Viejo Silver, CU, ZN (40%) |
0.30 |
0.21% |
1 |
9.57 |
0.15% |
31 |
9.87 |
0.15% |
32 |
19.67 |
0.02% |
10 |
| Totals |
|
|
1,506 |
|
|
7,580 |
|
|
9,086 |
|
|
13,536 |
| Goldcorp EOY07 Reserve and Resource Reporting Notes: |
| |
|
|
|
| 1 |
All Mineral Reserves and Mineral Resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101, or the AusIMM JORC equivalent.
|
| 2 |
All Mineral Resources are reported exclusive of Mineral Reserves.
|
| 3 |
Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
|
| 4 |
Reserves and Resources are reported as of December 31, 2007, with the following conditions or exceptions; |
| |
1 |
Reserves and Resources for Alumbrera are reported as of June 30, 2007. |
| |
2 |
Reserves and Resources for Pueblo Viejo are as reported by Barrick, in their press release of February 22, 2007. |
| |
3 |
Reserves and Resources for El Limon are reported as of November 3, 2004.
|
| 5 |
Qualified Persons for the Mineral Reserve and Mineral Resource estimates as defined by the National Instrument 43-101 are as follows: |
| |
1 |
Red Lake Gold Mines |
Stephan Blais, P.Eng., Red Lake Gold Mines |
| |
Dean Crick, P.Geo., Red Lake Gold Mines |
| |
2 |
San Dimas |
Reynaldo Rivera, MAusIMM, Luismin S.A. de C.V. |
| |
3 |
Nukay |
Reynaldo Rivera, MAusIMM, Luismin S.A. de C.V., |
| |
4 |
Los Filos |
Reynaldo Rivera, MAusIMM, Luismin S.A. de C.V., |
| |
5 |
El Limon |
as per Teck Cominco report of November 3, 2004 |
| |
6 |
Alumbrera |
Luis Rivera, MAusIMM, Minera Alumbrera Ltd. |
| |
7 |
Wharf |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
Fred H. Brown, CPG, PrSciNat |
| |
8 |
Porcupine |
Stephen Price, P.Geo., Porcupine Gold Mines |
| |
Patti Nakai-Lajoie, P. Geo, Porcupine Gold Mines |
| |
Imola Götz, P.Eng., Porcupine Gold Mines |
| |
9 |
Musselwhite |
Andrew Cheatle, P.Geo., Musselwhite Mine |
| |
Tim Sanford, P.Eng., Musselwhite Mine |
| |
10 |
Pueblo Viejo |
as per Barrick February 22, 2007 press release |
| |
11 |
Penasquito |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
Fred H. Brown, CPG, PrSciNat |
| |
Reynaldo Rivera, MAusIMM, Luismin S.A. de C.V., |
| |
Steven Ristorcelli, P.Geo., Mine Dev. Assoc. |
| |
12 |
Marigold |
Patricia A. Maloney, P.Eng., Marigold Mining Co. |
| |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
13 |
El Sauzal |
Steven Ristorcelli, P.Geo., Mine Dev. Assoc. |
| |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
14 |
Marlin |
Mike Hester, P.E., Independent Mining Consultants |
| |
15 |
Cerro Blanco |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
16 |
Imperial Project |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
17 |
Dee Project |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
18 |
Eleonore Project |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
Jacques Simoneau, P.Geo., Les Mines Opinaca Ltée |
| |
Nathalie Prud'homme, P.Geo., Les Mines Opinaca Ltée |
| |
19 |
Corporate Overview |
Robert H. Bryson, MMSA, Goldcorp Inc. |
| |
|
|
|
| 6 |
Mineral Reserves are estimated using appropriate recovery rates and US$ commodity prices of $550 per ounce of gold, $10 per ounce of silver, $1.25 per pound of copper, $0.40 per pound of lead, and $0.80 per pound of zinc, unless otherwise noted below; |
| |
1 |
Penasquito |
$525/oz gold |
| |
2 |
Alumbrera |
$500/oz gold |
| |
3 |
Marigold |
$300 to $450/oz gold depending on deposit |
| |
4 |
Wharf |
$650/oz gold |
| |
5 |
Pueblo Viejo |
$475 / oz gold, $8.50/oz silver, $1.50/lb copper |
| |
|
|
|
| 7 |
Mineral Resources are estimated using appropriate recovery rates and US$ commodity prices of $650 per ounce of gold, $13 per ounce of silver, $1.80 per pound of copper, $0.50 per pound of lead, and $1.00 per pound of zinc, unless otherwise noted below; |
| |
1 |
Cerro Blanco |
$450/oz gold |
| |
2 |
Dee |
$575/oz gold |
| |
3 |
El Limon |
$400/oz gold |
| |
4 |
El Sauzal |
$850/oz gold |
| |
5 |
Imperial Project |
$400/oz gold |
| |
6 |
Marigold |
$525/oz gold |
| |
7 |
Pueblo Viejo |
$525/oz gold, $9.00/oz silver |
| |
8 |
San Nicolas |
$300/oz gold, $5.00/oz silver, $0.90/lb copper, $0.50/lb zinc |
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables use the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. |
|
|
