PORCUPINE

PROJECT SUMMARY

Porcupine mine includes the Dome open pit mine and mill, the Hoyle Pond mine, Pamour open pit mine and a large land package in the Timmins camp, which has historically produced in excess of 60 million ounces of gold. Additional properties in the package include the Dome underground, Nighthawk Lake, Bell Creek, Hollinger, McIntyre and Hallnor, in addition to Preston and Paymaster which are adjacent to Dome.

In 2007, Goldcorp's share of Porcupine gold production amounted to 158,400 ounces which was 3% lower than in 2006 due primarily to the lower ore grade from the Pamour open pit.  The undgerground operations saw an increase in ounes produced compared to 2006.  Mill throughput was down slightly from the prior year, primarily due to a planned multi-week mill shutdown of one mill circuit. 

With exsisting mineral reserves, the Porcupine mine has an expected mine life through 2016.