Sustainable Growth
For ten years, we've delivered stronger production growth than any senior gold company.
Over the next five years, we're on track to grow production another 70%.
That's the value of Goldcorp.
| Financial (US$ millions)1,2 | 2009 | 2010 | 2011 |
|---|---|---|---|
| Revenues | $ 2,724 |
$ 3,738 |
$ 5,362 |
| Earnings from operations | $ 821 |
$ 1,660 |
$ 2,626 |
| Adjusted net earnings3 | $ 588 |
$ 1,048 |
$ 1,786 |
| Cash flow from operations (before working capital changes) |
$ 1,184 |
$ 1,693 |
$ 2,692 |
| Cash and cash equivalents at Dec. 31 | $ 875 |
$ 556 |
$ 1,502 |
| Total assets at Dec. 31 | $ 20,304 |
$ 27,639 |
$ 29,374 |
| Operating2 | 2009 | 2010 | 2011 |
|---|---|---|---|
| By-product cash costs (US$/oz)3 | $ 296 |
$ 271 |
$ 223 |
| Gold production (koz) | 2,421.3 | 2,466.9 | 2,514.7 |
| Gold reserves (moz) | 48.75 | 60.06 | 64.7 |
| Silver production (koz) | 12,798.5 | 20,211.8 | 27,824.6 |
| Silver reserves (moz) | 1,300.0 | 1,294 | 1,177 |
| Copper production (klbs) | 118,290 | 116,000 | 96,500 |
| Copper reserves (mlbs) | 1,228 | 5,406 | 5,373 |
| Shareholders (US$) | 2009 | 2010 | 2011 |
|---|---|---|---|
| Adjusted net earnings per share (basic)3 | $ 0.80 |
$ 1.43 |
$ 2.22 |
| Cash flow from operations per share (before working capital changes)2,3 |
$ 1.62 |
$ 2.30 |
$ 3.35 |
| Dividends ($ millions) | $ 132 |
$ 154 |
$ 330 |
| Share price at Dec. 31 | $ 39.34 |
$ 45.98 |
$ 44.25 |
| Basic weighted average shares outstanding at Dec. 31 (millions) | 731 | 735 | 804 |
12009 figures are presented using Canadian generally accepted accounting principles except for total assets; 2010 and 2011 figures are presented using International Financial Reporting Standards.
2From continuing operations, as applicable.
3These non-GAAP financial measures are referred to throughout this document – see the MD&A on pages 29–95 of this Annual Report for further details.
1From continuing operations, as applicable.