MARLIN

The Marlin mine is 100% owned by Montana Explorada de Guatemala, S.A., a wholly-owned subsidiary of Goldcorp.  The Marlin Mine is a conventional milling operation with a combination of open pit and underground mining which began commercial production in Dec 2005.

Marlin Mine is in the western highlands of Guatemala, 48 kilometers southwest of the city of Huehuetenango, approximately 300 kilometers northwest Guatemala City. The project lies within a highly prospective land package of approximately 100,000 hectares that encompasses the main Marlin deposit and other important mineralized zones.

Commercial production commenced in the fourth quarter of 2005 and in its first full year of production Marlin achieved 161,000 ounces of gold and 1.6 million ounces of silver in 2006.   Production from the Marlin mine is expected through to 2015.

News Update

Goldcorp’s Marlin mine has experienced power interruptions as a result of interference from a land owner. The result has been that the mill has been without power for approximately two weeks, though mining has not been affected.  The interference poses serious health and safety concerns to the individual as well as employees and residents in close proximity to the lines.

• The company and land owner have a right-of-way agreement dating back to 2004.
• The company has worked hard to find an equitable solution with the land owner.
• Goldcorp’s primary concern is for the safety of residents, its employees and other individuals in the vicinity of the power line’s route as tampering with the line can result in serious injury, death and fire.

Goldcorp will continue to work cooperatively with local municipal officials, government agencies, other landowners, our employees and the community to ensure safe and stable mining operations.

OPERATING STATISTICS