PRECIOUS METAL PRODUCERS

[NYBob]

Goldcorp increases monthly dividend -
Toronto Stock Exchange: G New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, Dec. 5, 2011 /PRNewswire/ -

GOLDCORP INC.
(TSX: G, NYSE: GG)
announced today that its Board of Directors has authorized
a 32% increase in the annual dividend to $0.54 per common share.

http://www.goldcorp.com

http://tmx.quotemedia.com/article.php?newsid=46614245&qm_symbol=G

This is the third increase in the Company's dividend in the last 13 months. The increase is effective immediately and will be reflected in our dividend payable to shareholders of record as of December 16, 2011 which will be increased to $0.045 per common share. Goldcorp is the only gold producer to pay a monthly dividend.

"This action underscores Goldcorp's unique ability to generate the cash flows necessary to both invest significantly in the strongest growth profile in the gold sector and to provide regular dividend growth for the benefit of our shareholders," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. "We will continue to review dividend levels at regular intervals in the future."

Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.