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Porcupine

- Geology

- Mining

Joint Ventures / Partnerships

PORCUPINE

The Porcupine mine consists of the Hoyle Pond and Dome underground and a central milling facility within the city of Timmins, Ontario. The mine have produced more than 64 million ounces of gold since production began in 1910 and include North America’s longest continually operating gold mine. The operating properties, combined with extensive and highly prospective land holdings, are strategically located in one of the world’s great gold producing camps.

With existing mineral reserves, the Porcupine Mine has an expected mine life through to 2016. In 2008, gold production amounted to 291,000 ounces.

Porcupine Drill Hole Data

Porcupine Hollinger Assays

Porcupine Hoyle Pond Assays

OPERATING STATISTICS

Porcupine	2004 (actual)*	2005 (actual)*	2006 (actual)*	2007 (actual)**	2008 (actual)
Ore milled Tonnes (000’s)	2,038	2,176	2,151	2,057	3,794
Milled grade Au g/t	3.35	2.87	2.55	2.47	2.61
Total Recovery Au %	91.9%	92.6%	93%	94%	92%
Total Production Au oz	201,710	190,921	162,700	158,400	291,000
Total Cash Cost US$/oz	$236	$284	$370	$489	$588

* Operating statistics for 2004, 2005, 2006 represent 51% ownership of Porcupine.

** On December 21, 2007, Goldcorp acquired Kinross Gold Corporation’s 49% interest in the Porcupine gold mine, and, as a result, the table above reflects Goldcorp’s 100% ownership from December 21, 2007.