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On August 6, 2010 Goldcorp completed the sale of San Dimas mine to Primero Mining Corp. (TSX-V: P) (formerly Mala Noche Resources Corp.). Pursuant to the terms of the transaction, Goldcorp received an aggregate of 31,151,200 common shares of Primero representing approximately 36% of Primero’s issued and outstanding common shares, $216 million in cash, a $60 million 12-month convertible note bearing an annual interest rate of 3% and a $50 million 5-year promissory note bearing an annual interest rate of 6%.
OPERATING STATISTICS
|
San Dimas (1) |
2007
(actual) |
2008 (2)
(actual) |
2009
|
|
Tonnes Ore Milled |
845,594 |
657,500 |
673,300 |
| Avg mill gold grade (g/t) |
6.43 |
4.29 |
5.36 |
| Avg mill silver grade (g/t) |
337 |
261 |
249 |
| Gold Recovery |
94% |
97% |
97% |
| Silver Recovery |
91% |
94% |
95% |
| Gold Production Oz |
163,300 |
86,700 |
113,000 |
| Silver Production Oz |
6,965,600 |
5,113,500 |
5,093,400 |
| Total Cash Costs* |
$259 |
$405 |
$287 |
* Subsequent to October 15, 2004, all Luismin silver is sold toSilver Wheaton at a price of $3.90 per ounce. The calculation of total cash costs per ounce of gold is net of by-product silver sales revenue of $3.90 per silver ounce (pro forma basis prior to October 15, 2004)
(1) Previously disclosed as "Luismin".
(2)Figures do not include Los Filos Underground (formerly Nukay), which is now disclosed as part of the Las Filos operation.
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