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ALUMBRERA

Minera Alumbrera Limited is one of the world’s largest and lowest cost gold and copper operations. Located in north western Argentina, Alumbrera was the country’s first and largest major mining development in the modern era.

Goldcorp owns a 37.5% interest in Alumbrera mine with Xstrata and Yamana as joint venture partners.

OPERATING STATISTICS

Alumbrera (37.5%)

2004 (actual)

2005 (actual)

2006 (actual)

2007 (actual)

2008 (actual)

Ore Mined tonnes (000’s)

12,100

11,004

11,626

9,606

 10,527

Waste Mined tonnes (000’s)

29,800

26,933

30,435

31,615

 26,746

Strip ratio waste:ore

2.5

2.4

2.6

3.3

 2.5

Ore Milled tonnes (000’s)

13,300

13,700

13,631

14,478

 14,063

Milled Grade Au g/t

0.72

0.63

0.71

0.67

 0.55

Milled Grade Cu %

0.56

0.57

0.56

0.56

 .050

Total Recovery Au %

77%

78%

78%

74%

 76%

Total Recovery Cu %

90%

90%

88%

84%

 83%

Total Production Au oz

237,700

192,600

240,200

230,600

 189,200

Total Production Cu lbs (000’s)

145,900

139,300

148,900

149,000

 129,700

Total Cash Cost* US$/oz

$(371)

$(643)

$(1,176)

$(684)

 $(449)

Technical Reports

 2008 Alumbrera Technical Report