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Goldcorp Inc. TICKER: G:TSX; GG:NYSE -
Goldcorp is now the world's lowest-cost, million-ounce gold producer.
The acquisition of Wheaton River Minerals Ltd. has increased gold
production, gold reserves and resources and given the company
one of the fastest growth curves in the industry.
It has strengthened Goldcorp's already solid balance sheet and
lowered production costs per ounce even further.
Goldcorp is in excellent financial condition.
It has no debt, a large treasury, strong cash flow and earnings and
pays a dividend 12 times per year.
Goldcorp is completely unhedged.
The Gold Report Interview with Chris Mancini (8/19/13)
"Goldcorp Inc. is in the Good category.
It is building the Cerro Negro project in southern Argentina,
the Éléonore project in northern Quebec (adjacent to Eastmain's
Eau Claire deposit) and an expansion to its
Red Lake mine in Ontario.
So Goldcorp is spending a lot right now, but it has a net-neutral
balance sheet. Once these projects are completed by the middle of
next year, they should generate a lot of cash.
Goldcorp owns 10% of Eastmain, and if it were to finance Eastmain
at reasonable valuations, I think that would be accretive for it."
Barry Allan, Mackie Research Capital (7/26/13)
"Goldcorp Inc. remains our top senior pick with an attractive
growth profile. Compared to the peer group, the company has low
operating costs and is expected to grow production from
2.4 Moz gold in 2012 to 3.85 Moz in 2016. . .
we reiterate our Buy recommendation."
The Gold Report Interview with David H. Smith (6/19/13)
"Companies like Goldcorp Inc. know how to solve problems. . .
[they] are realizing that they have a responsibility to help good
exploration companies keep the doors open.
If all these companies blow away, the feeder stream that nourishes
the large mining companies is going to dry up.
It's like the food chain."
The Gold Report Interview with Tobias Tretter (5/29/13)
"The Guerrero region of Mexico hosts a very famous and very
prospective gold belt.
We will hear about a lot of new companies in the future from this
belt.
Goldcorp Inc. is already producing from
the Los Filos mine in the Guerrero Gold Belt.
Goldcorp has about 13 Moz gold there and is
producing 330 Koz/year right now."
Alec Kodatsky, CIBC World Markets (5/3/13)
"Goldcorp Inc. delivered Q1/13 operational results that were in
line with our expectations in terms of both production and costs;
we think this sets a good tone to the year and leaves the company
on track to hit our 2013 production forecast of 2.6 Moz. . .the
march towards 70% production growth by 2017 carries on.
Goldcorp remains the only senior name in North America that
expects production growth in 2013, has a comfortable degree of
leverage and low political risk."
http://www.goldcorp.com/English/Investor-Resources/Presentations/default.aspx
http://www.theaureport.com/pub/co/23#quote
There's NOTHING that comes close to a GOLD Fever Bull Market!
http://www.youtube.com/watch?v=fir4PseieyQ
Chuck Jeannes, chief executive officer of Goldcorp Inc., discusses
the outlook for gold prices and his company's second-quarter
earnings.
Jeannes speaks with Carol Massar and Matt Miller on Bloomberg
Television's "Street Smart." (Source: Bloomberg)
http://www.bloomberg.com/video/61862754-goldcorp-s-jeannes-interview-about-gold-prices.html
Goldcorp CEO Chuck Jeannes Interview -
http://www.bloomberg.com/video/67142582-goldcorp-ceo-chuck-jeannes-interview.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90833259
http://www.goldcorp.com
God Bless
Goldcorp Inc. (GG) gypsyfiat$26.98 UP 1.91 +7.62%
Volume: 9,498,216 @ 6:43:12 PM ET
Bid Ask Day's Range
- - 25.3302 - 27.03
GG Detailed Quote Wiki
Gold Standard? China reportedly planning to back the yuan with gold -
http://www.youtube.com/watch?v=8K9X58VaBS8
Goldcorp Inc. (GG) fiat$28.91 UP $1.58 +5.78%
Volume: 11,881,881 @ 4:25:44 PM ET
Bid Ask Day's Range
- - 28.26 - 29.29
GG Detailed Quote Wiki
The Shanghai Gold Surprise
The physical gold market continues to develop in the most wonderfully counterintuitive way. While the paper gold price languishes below US$1,300 per ounce, physical demand out of China is now reaching previously unforeseen levels. If you’ve heard this story before, it’s more of the same, except that the demand tonnage is now so high as to be almost comical.
According to data released by the Shanghai Gold Exchange, the amount of gold contracts settled for physical delivery on its exchange reached a staggering 1,098 metric tonnes year-to-date as of the end of June.1 This is an astoundingly large amount of physical gold. For perspective, 1,098 tonnes represents approximately 40% of the entire estimated global gold mine production in 2013. It also represents roughly 1/8th of the US Treasury’s official gold reserves, and over 100% of China’s stated official gold reserves. If the rate of physical delivery on the Shanghai Gold Exchange continues at current levels, it will deliver the equivalent of over 100% of global mine production by the end of this year… all through one exchange.
In contrast, the COMEX futures exchange in New York, where the bulk of US gold futures are traded, saw a measly 160.7 tonnes of physical delivery requests over the same period (year-to-date to June).2 Although the paper volume on the COMEX dwarfs that of the Shanghai Gold Exchange, the level of physical delivery requests is only 15% of that seen in Shanghai.
If the Shanghai data is true, when combined with the gold imports going into China via Hong Kong, we now have a situation where China is buying the equivalent of all global gold mine production produced on a monthly basis. How that can coincide with a gold price drop of US$400 per ounce over Q2 is beyond our capability to explain, but it does mean that China is now the undisputed hub for physical gold.
Interestingly, China’s demand for physical gold does not seem to be benefitting the growth of gold ETF products within the country. Bloomberg recently reported that China’s first two exchange-traded funds backed by bullion both had disappointing debuts, with Huaan Asset Management Co. reportedly raising only $195 million out of an expected $400 million at launch.3 Although the press has naturally concluded that this news indicates waning gold demand in China, we can’t help but think it shows that China’s gold interest is primarily focused on the physical metal, as opposed to financial products that trade on exchange. Certainly if the time ever comes where the physical gold market sets price discovery for the gold price (as opposed to the futures market) it seems highly likely that the first place that will happen now is within Shanghai itself.
Whether there’s a link between China’s increasing physical gold deliveries and the drop in gold inventories within the COMEX and GLD ETF remains to be seen, but whoever is supplying China’s gold appetite is supplying it in size. Despite gold’s lackluster price performance, these developments strongly suggest we could be in for an interesting summer in the weeks ahead. Gold is a finite resource - if China’s current purchase rates continue, it is going to own a significantly large proportion of global gold reserves.
1 http://www.bloomberg.com/news/2013-07-15/gold-deliveries-from-shanghai-bourse-jump-on-physical-demand-1-.html
2 Bloomberg
3 http://www.bloomberg.com/news/2013-07-19/china-s-first-gold-exchange-traded-funds-miss-funding-targets.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90144073
God Bless
Wow!! 21.39 support and looking explosive!!! GG is ripe for the taking here. Hold that support and sit on it imo.
Source: Canaccord March 12, 2013
Goldcorp (GG : NYSE, G : TSX | BUY, Target US$51.00)
Investor Day highlights solid development pipeline and strong
exploration upside
We reiterate our BUY rating on Goldcorp following the company’s
Annual Investor Day held in Boston on March 8, 2013.
Goldcorp shares continue to offer growth at a reasonable price,
in our opinion.
Goldcorp remains our preferred senior producer based on its
superior high-grade, low-cost growth profile, supported by the
ramp-up of Pueblo Viejo and new production from Cerro Negro,
Eleonore and Cochenour.
Investment highlights
Management remains comfortable with its guidance for 2013,
i.e., 2.55-2.8 Moz at by-product cash costs of $525-$575/oz.
Costs are higher in 2013 due largely to lowgrade phases at
Penasquito and Alumbrera and the start-up year at Pueblo Viejo.
Beyond Pueblo Viejo (now in production), the three development
projects fuelling the production growth over the next few years
include Cerro Negro, Eleonore, and Cochenour.
Goldcorp remains focused on quality growth, low political risk and
maintaining a strong balance sheet. On this front, Goldcorp filed
on SEDAR a Short Form Base Shelf Prospectus dated March 7, 2013,
for the issuance of up to $1.5 billion in debt securities
within 25 months.
We have reviewed our valuation profile of Pueblo Viejo and have made
changes to our assumptions;
namely reconciling cash costs closer to guidance, adjusting our
long term operational cost estimates and the inclusion of copper in
our profile (a byproduct credit of approximately $60/oz).
Our valuation of Pueblo Viejo has declined by
approximately $1/sh, offset by other model changes.
Our 2013 EPS estimate has been revised to $2.19 from $2.14.
Valuation
Our target price remains unchanged at US$51.00 based on 1.0x
our 5%/peak NAVPS estimate of US$50.46 (from US$50.62).
Upcoming potential catalysts
Final permit and first production from Hollinger open pit (Q1/13E)
Cerro Blanco feasibility study (H1/13E)
First gold production from Cerro Negro (Q4/13E)
Completion of the Red Lake – Cochenour haulage drift (Q1/14E)
First gold production from Eleonore (Q4/14E)
First gold production from Cochenour (H2/15E)
Investment risks
The typical risks associated with any mining investment include
commodity and exchange rate risk, permitting and technical
(development/operating) risk.
Investors considering an investment in Goldcorp should consider the
risks associated with the ramp-up of Penasquito and development of
Pueblo Viejo, Cerro Negro, Eleonore and other development projects
in the company's portfolio. ## end copy ---
2013 Wisdom Jim Rogers Financial Advice & Predictions on Gold, Silver ....
Gold miners should hold gold instead of dollars
by David Baker:
CALVF Blanket Mines - Gold - Spot Price (EOD) / Euro - Philadelphia ($GOLD:$XEU) wkly chart TI RSI & Stochastic in Buy Zone -
CALVF Latest Presentation -
http://www.caledoniamining.com/pdfs/CALPres-01142013.pdf
According To The Bretton Woods Calculation, Gold Is Worth $20,000 Per Ounce
Read more:
http://feedproxy.google.com/~r/dailyreckoning/~3/fW19Pvbxkw4/#ixzz2IEFZK5sL
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83586454
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83521370
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83409542
God Bless
Quebec gold producer Aurizon Mines seeks better offer than $780-million bid by Alamos Gold[t][/t]
BY ROBERT GIBBENS, SPECIAL TO THE GAZETTE JANUARY 23, 2013
MONTREAL — Quebec gold producer
Aurizon Mines Ltd.
said Wednesday a $780-million cash-and-stock bid from Toronto-based
Alamos Gold Inc. is “opportunistic” and too low and
it is seeking a better offer elsewhere.
It has adopted a standard shareholder rights plan to gain time to
find a white knight to improve on Alamos’s $4.65-a-share offer,
which is open for 35 days. Alamos already owns 16 per cent of
Aurizon.
Aurizon said the Alamos bid fails to compensate
shareholders for the
true value of their assets and contains geopolitical and
development risks. “The board is exploring the full range of value-
maximizing alternatives.”
Alamos’s only producing mine is in Mexico and it has development
properties in Turkey and elsewhere.
Putting its assets with the
debt-free Aurizon and its Casa Berardi mine (140,000 ounces
annually) in northwestern Quebec would create an intermediate gold
producer with annual output of more than 300,000 ounces, it argues.
Aurizon is developing more reserves at Casa Berardi and also has a
future gold mine to the southwest and several development
properties in the same area near Rouyn-Noranda.
Several analysts rated the possibility of a counterbid as slender.
Brian Quast, analyst with BMO Capital Markets, expects the Alamos
bid to succeed in its current form.
Aurizon shareholders meet March 7 to vote on the shareholder
rights plan.
Aurizon shares traded at $4.74, down 0.2 per cent, early Wednesday.
Read more:
http://www.montrealgazette.com/Quebec+gold+producer+Aurizon+Mines+seeks+better+offer+than+million+Alamos+Gold/7860569/story.html#ixzz2JLvkofiB
I see 52 dollars or a pinch better.. Maybe 55 before the next potential reversal. GG Ithis analysis is based only on the daily and weekly. There might be larger forces at work here but stops can be set to break even and all will be happy still imo.
Goldcorp Inc. (GG) Chart Bullish -
A comparison of the managements performance a must -
if you want to ride with a winner or loser?
its often repeat itself -
E.g.,
Major Gold producer GG EPS - $1.76 P/E 21.10
vs. ex.
Penny Gold producer CALVF EPS $0.02 P/E 5.00
NO DEBT - dd....
http://www.businessinsider.com/the-path-to-20000-gold-2013-1
God Bless
Tasiast one of world's 'great new gold mines' -- Kinross chief
I believe it.. Gotta hold 1600 for the year imo.
Gold to Gain to $2,000 on Money Printing, Deutsche Bank Says
http://www.businessweek.com/news/2012-11-13/gold-to-advance-to-2-000-on-money-printing-deutsche-bank-says
Goldcorp Latest Presentation
http://www.goldcorp.com/English/Investor-Resources/Presentations/default.aspx
http://www.goldcorp.com/files/Goldcorp_Corporate%20Update_Oct_v001_m91257.pdf
Goldcorp GG chart TA Alert AuBull Going UP
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79251392
I think I saw a few splits as well. Thank you.. Nobody wants to hear it from somebody that they know. Might explain dysfunction in Washington as well.
From Jim Sinclair...
My Dear Extended Family,
If you have eyes to see, coordinated central bank monetary and
fiscal stimulation action is taking place.
Yesterday was "Draughi Day." Today the Chinese officially released
massive fiscal stimulus on top of the already monetary stimulus.
Watch for the US Fed to chime in.
QE to infinity MOPEd as sterilized is falling into place.
Please review my post from last weekend to you on the illusion
of monetary sterilization.
Gold is going to and through $3500.
The approach some long term gold bulls took toward gold,
initiating a temporary short directly after Labor Day, is now
in the process of backfiring badly.
Regards,
Jim
My Dear Extended Family,
Monty Guild, a friend of mine for more than forty years, is the
most honest and capable man, in my opinion, in money management.
I respect Monty's feelings on many matters, certainly the macro
picture.
Monty, like I, believe it is possible that coordinated central
bank actions in the USA, EU, Japan and China are being discussed.
The economic problems are so severe, so international, so global,
so entwined, so insoluble and still caused primarily by the greed
of 1990 to present finance in the form of OTC derivatives that
only coordinated global action can kick this can one more time.
Gold is truly going to and through $3500.
The gold business is the best business to be in.
Respectfully,
Jim
Death of the Dollar -
MACD thanks, I did dd....
http://tmx.quotemedia.com/article.php?newsid=53516952&qm_symbol=LODE:US
Note. still no production - still a debt issue -
total market cap above $100 mil. -
Comstock, Nevada is famous for old
great silver mines but
I do pref.
silver producer in production
ex....
USGIF, U.S. Silver & Gold -
http://tmx.quotemedia.com/quote.php?qm_symbol=USA
compare also ex....
CAL/CALVF
http://tmx.quotemedia.com/quote.php?qm_symbol=CAL
Note. gold production above 40.000oz/year - NO DEBT -
earning 4 penny/sh total market cap below $50 mil. -
still have about $20 mil cash -
a production facility running @ half capacity -
1000 workers - own many old mines to expand to -
producing GOLD for less than $600.-/oz -
have some of lowest labour cost in the world and
low taxes compared to US and still out of the obama
long arm to confiscate gold etc. as dems done in 1934 -
I trust even Mugabe 88yrs old who has cancer etc. -
and the p.minister Morgan who got majority of
votes in last election is a US friend etc.
have a good weekend
Hey, I have a family member that went all in on $LODE it is a mining stock in the gold sector.
I would love to hear any thoughts that you might have on this one. I posted some links here...
links
Goldcorp analyst tour to highlight continued strength at Red Lake
http://ih.advfn.com/p.php?pid=nmona&article=54050581
Over the remainder of 2012, the Company will continue to
evaluate the impact on
Red Lake's long-term production profile of timing issues in
accessing High Grade Zone reserves as well as continued grade
variability in the Footwall Zone.
Until further study of these issues has advanced, the range of
production expectations for Red Lake beyond the current year
should reflect production similar to the range provided for
2012 of between 460,000 and 510,000 ounces.
During the first half of 2012 gold production was
218,200 ounces at cash costs of $568 per ounce and
the mine remains on track to achieve 2012 production guidance.
Extending the High Grade Zone
During the second quarter of 2012, successful drilling results continued from Red Lake's 4199 exploration ramp.
Numerous intercepts have confirmed the extension of consistent high grade mineralization between levels 52 and 55.
Drilling is also indicating the presence of high grade intercepts deeper at the 57 level.
Exploration of New Zone
New drill results in an unexplored area west of the High Grade Zone have outlined a new zone above the 52 level, which remains open vertically and to the west.
As a result of the success of this drilling an exploration drift is being developed near the 47 level to access to allow for better drilling of this new structure.
This area will be a focus of drilling over the remainder of the year as it has the potential to increase mining flexibility due to proximity to existing infrastructure.
Cochenour - Construction and Development Progressing
A key component of the Company's overall optimization plan to
sustain the Red Lake operation is the development of the
Cochenour project.
Located five kilometers from the Red Lake gold mine, the
Cochenour project has continued to advance.
Widening of the historical Cochenour shaft has reached 108
metres to a total depth of 342 metres.
The five kilometer haulage drift that will transport ore from
the Bruce Channel to Red Lake's existing Campbell milling
facilities has advanced to 57% completion.
Progress has advanced as expected and is on track to be 66%
complete by year-end.
A study of the overall project, which will provide updated
project costs and timing of first gold, is currently underway
and expected to be complete in the third quarter.
The study incorporates changes in the mine design and
development resulting from exploration results obtained
over the past two years.
Red Lake
Red Lake Gold Mines (RLGM) is composed of two operating
complexes: the Red Lake and the Campbell Complex.
Situated in one of the world's most prolific gold producing
regions, RLGM has produced 20 million ounces since 1949 and it
continues to be one of the highest-grade gold mines and lowest
cost producers in the world.
RLGM is also the largest gold mine in Canada.
The High Grade Zone alone has averaged more than
two ounces of gold per ton.
Cochenour
The Cochenour Project combines the existing workings of the
historic Cochenour mine with the Bruce Channel gold discovery.
The Cochenour/Bruce Channel deposit is located down dip from
the historic Cochenour mine and is a key component of
Goldcorp's consolidation plans in the Red Lake district.
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.
The scientific and technical information concerning Goldcorp's mineral properties contained herein is based upon information prepared by or under the supervision of Maryse Belanger, Vice President, Technical Services of Goldcorp who is a "qualified person" within the meaning of National Instrument 43-101.
Goldcorp Incorporate (GG) fiat$39.59 UP $1.17 +3.05%
Volume: 3,089,294 @ 12:33:43 PM ET STRONG DEMAND
Bid Ask Day's Range
- - 39.15 - 40.14
GG Detailed Quote Wiki
GG Short Squeeze the 666 -
ussr fema-gulags copycatz banksters cult -
http://shortsqueeze.com/?symbol=gg&submit=Short+Quote%99
BIX WEIR Q's Answered: -- The Future -
Aurico Gold Inc. Ord (AUQ) fiat$8.61 UP $0.43 +5.26%
Volume: 2,327,576 @ 3:59:51 PM ET Strong Demand
Bid Ask Day's Range
- - 8.21 - 8.61
AUQ Detailed Quote Wiki
AuRico Provides Update on the Young-Davidson Mine
Operations Advancing to Commercial Production
http://www.auricogold.com/
http://www.marketwatch.com/story/aurico-reports-35-increase-in-production-from-north-american-assets-2012-04-11-3000
Goldcorp Reports 2012 First Quarter Results
http://www.goldcorp.com/Investor-Resources/News/News-Details/2012/Goldcorp-Reports-2012-First-Quarter-Results1129146/default.aspx
Toronto Stock Exchange: G
New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, April 25, 2012 /PRNewswire/ -
GOLDCORP INC.
(TSX: G), (NYSE: GG) today reported that adjusted net earnings1 in the quarter
increased to $404 million, or $0.50 per share, compared to $392
million, or $0.49 per share, in the first quarter of 2011.
Reported net earnings were $479 million compared to $651
million in the first quarter of 2011.
Operating cash flows before working capital changes2 were
$480 million.
Gold production totaled 524,700 ounces at a total cash cost3 of
$251 per ounce.
First Quarter 2012 Highlights
Revenues increased 11% to $1.3 billion on gold sales of
545,700 ounces.
Operating cash flow before working capital changes increased 4% to
$480 million or $0.59 per share.
Adjusted net earnings increased 3% over the 2011 first quarter, to
$404 million or $0.50 per share.
Cash costs totaled
$251 per ounce on a by-product basis and $648 per ounce on
a co-product basis.
Dividends paid amounted to $109 million.
Quarter-end cash balance of
$1.4 billion; net cash position of $0.5 billion4.
High Pressure Grinding Roll ("HPGR") supplemental feed system commissioned at Peñasquito.
"Solid operating results throughout most of our mine portfolio
were offset by a challenging first quarter at
Red Lake," said Chuck Jeannes, Goldcorp President and Chief
Executive Officer.
"Adverse ground conditions at Red Lake delayed the development
of new mining faces in the High Grade Zone which, taken
together with lower grade in other areas of the mine,
led to our slow start to 2012.
Our Mexican operations were a particular area of strength in
the first quarter, highlighted by the successful commissioning
of the final component of Peñasquito's processing line which
positions the mine for strong performance over the balance of 2012.
"The pace of construction and development activities at our
growth projects remained impressive in the first quarter
as well.
The Pueblo Viejo joint venture in the Dominican Republic is
nearing completion and set to be our next source of new gold
production in mid-2012.
The Cerro Negro project in Argentina continues to progress
toward expected initial gold production in the second half
of 2013, and ongoing exploration success there is enhancing
the prospects for additional gold reserve growth.
In Canada, construction remains on track at Éléonore for late
2014, which is expected to become one of the country's largest
new underground gold mines.
The 2014 planned completion of the Cochenour project in
Red Lake, Ontario will supplement Red Lake's production profile
with sustained, low-cost production and the potential for
new exploration success in this world-class camp."
http://www.goldcorp.com
http://tmx.quotemedia.com/article.php?newsid=50679326&qm_symbol=G
Wow NYBob you been busy on this board. If your looking for gold producers check out Starcore International Mines. SAM- TSX or SHVLF-OTC. A little unknown profitable co. No debt and gold hedge ending in less then a year.
Woodtick
LSG Enters Agreement for Credit Facility of Up to $70 Million
With Sprott Resource Lending Partnership -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74300635
http://www.lsgold.com/Investor-Centre/Press-Releases/Press-Release-Details/2012/Lake-Shore-Gold-Enters-Agreement-for-Credit-Facility-of-Up-to-70-Million-With-Sprott-Resource-Lending-Partnership1128978/default.aspx
http://www.lsgold.com/Theme/LakeShore/files/doc_presentations/LSG_BMOconference_2012_02_28_v001_l3814g.pdf
http://www.lsgold.com
http://tmx.quotemedia.com/article.php?newsid=50226849&qm_symbol=LSG
God Bless
Goldcorp declares fourth monthly dividend payment for 2012
Toronto Stock Exchange: G
New York Stock Exchange: GG
(All dollar amounts in United States dollars (US$))
VANCOUVER, April 2, 2012 /PRNewswire/ -
GOLDCORP INC.
(TSX: G) (NYSE: GG) is pleased to declare its fourth monthly dividend payment for 2012 of $0.045 per share.
Shareholders of record at the close of business on Thursday, April 13, 2012 will be entitled to receive payment of this dividend on Friday, April 20, 2012.
Goldcorp has paid a monthly dividend to its shareholders since 2003.
Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Pursuant to tax legislation enacted in 2007, Canadian resident individuals who receive "eligible dividends" in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends.
All dividends paid in 2006 and subsequent years by Goldcorp Inc. are "eligible dividends" for this purpose.
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.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States ---- are included in this document, except in accordance with applicable securities laws.
SOURCE Goldcorp Inc.
http://tmx.quotemedia.com/article.php?newsid=49967536&qm_symbol=G
GG let's compare performance -
God Bless
Goldcorp achieves record revenues and cash flow; gold reserves increase for eighth consecutive year
Toronto Stock Exchange: G
New York Stock Exchange: GG
http://www.goldcorp.com/Investor-Resources/News/News-Details/2012/Goldcorp-achieves-record-revenues-and-cash-flow-gold-reserves-increase-for-eighth-consecutive-year1128256/default.aspx
(All Amounts in $US unless stated otherwise)
VANCOUVER, Feb. 15, 2012 /PRNewswire/ -
GOLDCORP INC.
(TSX: G, NYSE: GG) reported fourth quarter gold production of
687,900 ounces at a total cash cost1 of $261 per ounce,
leading to record revenues of $1.5 billion and operating cash
flows before working capital changes2 of $831 million.
Reported net earnings in the quarter were $405 million compared
to $560 million in the fourth quarter of 2010.
Adjusted net earnings3 were $531 million, or $0.66 per share,
compared to $431 million, or $0.59 per share, in the fourth
quarter of 2010.
Fourth Quarter 2011 Highlights
Revenues increased to $1.5 billion, on gold sales of 685,000 ounces.
Record operating cash flows before working capital changes
totaled $831 million or $1.03 per share.
Adjusted net earnings totaled $531 million, or $0.66 per share.
Total cash costs were $261 per ounce on a by-product basis.
Co-product cash costs totaled $529 per ounce.
Dividends paid amounted to $91 million.
Dividend increased 32% to $0.54 per share.
Certificate of Authorization was issued for the Éléonore project
in Quebec allowing full construction to commence immediately.
Received approval of amended Environmental Impact Assessment at
the Cerro Negro project in Argentina.
Entered into a $2 billion senior revolving credit facility,
replacing the existing $1.5 billion facility.
Full-Year 2011 Highlights
Revenues increased 43% over 2010, to a record $5.4 billion
driven by gold sales of 2.5 million ounces.
Adjusted net earnings increased 70%, to a record $1.8 billion,
or $2.22 per share.
Record operating cash flows before working capital changes
totaled $2.7 billion or $3.35 per share.
Total cash costs were $223 per ounce on a by-product basis and
$534 per ounce on a co-product basis.
Dividends paid amounted to $330 million.
Proven and probable gold mineral reserves increased 8% to 64.7
million ounces; 6% on a per share basis.
"Strong, low-cost gold production and another year of gold
reserve growth provided a great finish to another solid year
for Goldcorp," said Chuck Jeannes, Goldcorp President and Chief
Executive Officer.
"Our record performance is the result of strength throughout
the mine portfolio, as demonstrated by sustained operational
excellence at Los Filos in Mexico, which led to a record year
at this important operation.
Marlin in Guatemala had a particularly strong quarter and year
as mining in the final, higher grade portions of the open pit
were completed and the mine successfully transitioned to an
exclusively underground operation.
In addition, Red Lake in Ontario finished with a strong quarter
for the year, highlighting the continued strength of this
flagship operation.
"At Peñasquito in Mexico, approximately $360 million in cash
flow from operations was generated in just its first full year
of commercial production illustrating the growing power of this
operation to drive our results for many years to come.
Mechanical work on the final phase of throughput ramp-up is in
commissioning and we are on track to reach average throughput
of 130,000 tonnes per day by the end of the current quarter as
forecasted.
"Stability throughout the mine portfolio, led by planned gold
production growth at Peñasquito of over 65% in 2012, leaves us
well-positioned to achieve overall production guidance this
year of 2.6 million ounces of gold at what we expect to be
the lowest cash costs in the senior gold sector.
Beginning in 2012, the first of four major new sources of gold
production is expected to come on line that will drive a
70% increase in overall gold production by 2016.
New gold production of approximately 85,000 ounces is forecast
to Goldcorp's account at the Pueblo Viejo joint venture in
the Dominican Republic in 2012, followed by first gold at
Cerro Negro in Argentina in 2013.
Initial gold production is also expected at two new Canadian
pure gold projects in 2014:
Cochenour in Red Lake, Ontario and Éléonore in Quebec.
Each of these growth projects is permitted and construction
is progressing according to plan, supporting our expectations
of a very achievable path to 4.2 million ounces of gold
production in 2016."
2011 Marks Eighth Consecutive Year of Reserve and Resource Growth
The Company also announced today that proven and probable
gold mineral reserves increased by 8% to 64.7 million ounces,
the eighth consecutive year that Goldcorp has increased gold
reserves.
Measured and indicated gold mineral resources increased 10%
to 28.2 million ounces in 2011.
Proven and probable silver mineral reserves totaled 1.2 billion
ounces and measured and indicated silver mineral resources
totaled 418 million ounces, representing one of the largest
silver reserves in the industry.
Overall gold reserve growth was driven by exploration success
at Cerro Negro, Los Filos and Porcupine.
"Strong growth in reserves and resources in 2011 once again
highlights the continued success of Goldcorp's focused
exploration programs, which discovered new gold reserves at
a cost of approximately $14 per gold ounce," added Jeannes.
"The consistent ability of Goldcorp to increase the amount
of gold reserves represented by each of our common shares
represents true leverage to the gold price.
In 2011, gold reserves increased 6% on a per share basis."
Complete mineral reserve and mineral resource data including
tonnes, grades and ounces is available at
http://www.goldcorp.com
The following summary accounts for the changes in gold ounces year over year:
Proven and probable reserves as of January 1, 2011
Mined ounces during 2011 (including mining depletion)
Net discovered ounces and converted resources during 2011
Net changes due to metal prices/engineering
Proven and probable reserves as of January 1, 2012 60.1
(3.4)
6.2
1.8
64.7 moz
moz
http://tmx.quotemedia.com/article.php?newsid=48487251&qm_symbol=GG:US
Goldcorp secures construction permit for Cerro Negro project
December 16, 2011
Toronto Stock Exchange: G
New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, Dec. 16, 2011 /CNW/ -
GOLDCORP INC.
(TSX: G, NYSE: GG) today announced the approval of the
amended Environmental Impact Assessment (EIA) by Provincial
authorities in the province of Santa Cruz for the development
and construction of the Cerro Negro gold project, a high-grade
deposit located on the low-elevation Patagonian plains of
southern Argentina.
With production expected to average approximately 550,000
ounces of gold in its first five full years in production,
Cerro Negro is well-positioned as Goldcorp's next
cornerstone gold mine.
"The receipt of approvals following a straightforward permitting
process with the Santa Cruz provincial authorities is a major
milestone," said Chuck Jeannes, Goldcorp President and Chief
Executive Officer.
"The Cerro Negro team will now immediately advance full
construction and continue what has been an impressive pace
of development progress.
Cerro Negro's low capital cost and cash flow-accretive gold
production beginning in 2013 forms an important component
of Goldcorp's peer-leading five-year growth profile.
Moreover, significant vein extensions and new vein discoveries
underscore the potential for further expansion of the long-term
production profile at this exciting project."
The approval of the amended EIA allows for construction of the
plant with throughput increased from 1,850 tonnes per day to
4,000 tonnes per day and the concurrent development and
mining of three underground vein deposits:
Eureka, Mariana Central and Mariana Norte.
Development of Eureka has advanced on schedule, and development
of Mariana Central and Mariana Norte will now commence
immediately.
In conjunction with an investor tour, the Company provided
an update of development and 2011 exploration highlights on
December 5, 2011.
The release is available under the 'Investor Resources-News'
section at
http://www.goldcorp.com
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.
http://www.goldcorp.com/Investor-Resources/News/News-Details/2011/Goldcorp-secures-construction-permit-for-Cerro-Negro-project1127683/default.aspx
http://www.goldcorp.com
Goldcorp declares twelfth monthly dividend payment for 2011 -
Toronto Stock Exchange: G New York Stock Exchange: GG
(All dollar amounts in United States dollars (US$))
VANCOUVER, Dec. 5, 2011 /CNW/ -
GOLDCORP INC.
(TSX: G) (NYSE: GG) is pleased to declare its twelfth monthly
dividend payment for 2011 of $0.045 per share.
http://tmx.quotemedia.com/article.php?newsid=46636209&qm_symbol=G:CA
http://www.goldcorp.com
Shareholders of record at the close of business on Friday, December 16, 2011 will be entitled to receive payment of this dividend on Friday, December 23, 2011. This payment reflects a 32% increase in the Company's annual dividend announced on December 5th, 2011, the third increase in the Company's dividend in the last 13 months. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Pursuant to tax legislation enacted in 2007, Canadian resident individuals who receive "eligible dividends" in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends. All dividends paid in 2006 and subsequent years by Goldcorp Inc. are "eligible dividends" for this purpose.
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.
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.
Best mining company out there GARB
Goldcorp Exceeds Consensus - Analyst Blog -
Goldcorp Inc.’s (GG) adjusted net earnings were $459 million, or 57 cents per share compared with $244 million or 33 cents per share in the year-ago quarter. Results exceeded the Zacks Consensus Estimate of 56 cents per share. Reported net earnings were $336 million in the third quarter of 2011 compared with $721 million in the third quarter of 2010.
Revenue
In the third quarter of 2011, revenues increased 48% year over year to $1.3 billion, on gold sales of 571,500 ounces.
The average realized gold price for the quarter rose 39% to $1,719 an ounce. Cash costs totaled $258 per ounce on a by-product basis and $551 per ounce on a co-product basis. Output in the quarter rose slightly as production gains at its Penasquito mine in Mexico and its Marlin mine in Guatemala more than offset the impact of production declines at some of its other operations.
Mining Update
Mexico: At the Penasquito mine, gold and silver production were 55,800 and 4,203,200 ounces, respectively, for the third quarter of 2011. Lead and zinc production in the reported quarter totaled 33.6 million pounds and 66.4 million pounds, respectively. Cash costs for the third quarter of 2011 was negative $796 per ounce of gold.
Progress at Penasquito on the supplemental ore feed system and tailings facility improvements will remain on track for ramp-up to full 130,000 tonnes per day throughput, which will resume by the end of this year.
At Los Filos, gold production was 73,200 ounces at total cash costs of $490 per ounce led by gold grades and recoveries. The expansion of carbon plant capacity completed last quarter provided an increase in solution processing capacity of 14%, which led to the increase in metal production.
The 2011 exploration program continues to progress with the objective of proving the extension of the Los Filos deposit toward the 4P area and El Bermejal to the south and west. Results to date are positive in proving both extensions.
Canada: At the Red Lake Mine, gold production was 127,000 ounces at total cash costs of $405per ounce. Production was affected by lower grades, realized from the High Grade Zone, resulting from intersection of a lower grade section of the ore body. Additionally, a significant amount of exploration and development is continuing to bring the Upper Red Lake Complex, the Far East Zone and the Footwall Zones into sustained production.
At Porcupine in Ontario, gold production during the third quarter totaled 76,300 ounces at a total cash cost of $614 per ounce. The Hoyle Pond Deep project advanced during the third quarter as preparation progressed toward shaft sinking in the first quarter of 2012.
Gold production at Musselwhite during the third quarter totaled 59,700 ounces at a total cash cost of $778 per ounce. Exploration continued to focus on the surface and underground extension of the Lynx Zone and PQ Deeps resources.
Guatemala: At Marlin in Guatemala, gold production increased 50% to 95,000 ounces at a total cash cost of negative $347 per ounce while silver production increased 62% to 2,291,100 ounces. The growth was driven by higher gold and silver grades and an 11% increase in tonnes milled. Mining operations at Marlin will will be transformed exclusively into underground mining as mining in the pit concludes during 2012.
Financial Position
At the end of September 30, 2011, cash and cash equivalents were $1,476 million versus $556 million at the end of December 31, 2010.
Free cash flow generated during the quarter amounted to $224 million.
Project Pipeline
PuebloViejo: Construction of Pueblo Viejo in the Dominican Republic is now more than 75% complete. A major rainfall that occurred in May 2011 requires remediation of damage to the partially constructed starter tailings dam facility and as a result, the first production is now anticipated in mid-2012, subject to the receipt of new tailings permit approvals.
Goldcorp's share of annual gold production in the first full five years of operation is expected to average 415,000–450,000 ounces at total cash costs between $275 and $300 per ounce.
As part of a longer-term optimized power solution for Pueblo Viejo, a plan is being advanced to build a dual fueled power plant at an estimated incremental capital cost of about $0.3 billion (100% basis) or $0.12 billion (Goldcorp's 40% share). The new plant is expected to provide lower cost and long-term power to the project.
Cerro Negro: In the quarter, Eureka continues to decline, reaching a length of 1,432 meters, out of a total 3,900 meters. An amended Environmental Impact Assessment was submitted to Provincial authorities, which once approved, will permit plant throughput to be increased from 1,850 to 4,000 tonnes per day, and mining to occur from three separate underground mines concurrently, rather than just the Eureka vein. Earth works in and around the plant area and access road upgrades also continued during the quarter.
A regional exploration team is being developed that will allow exploration outside of the core Cerro Negro vein areas later in 2011 and throughout 2012.
Eleonore project: At the project in Quebec, 36,000 meters of in-fill surface diamond drilling was completed by the end of the quarter. Detailed engineering of the production shaft and related infrastructure have progressed during the quarter. Long-lead time delivery equipment is being ordered. The Environmental and Social Impact Assessment permit for full construction is expected to be received in the fourth quarter of 2011.
Cochenour: The new 5.5 meter diameter Cochenour shaft commenced to the 150 level. Construction of surface facilities also progressed, including completion of head frame steel erection and collar house, pumping and electrical distribution equipment. The Cochenour-Red Lake Haulage Drift advanced to 35% at quarter-end, with the two drills now testing the exploration potential of this under explored area in the heart of the Red Lake district.
Camino Rojo: Exploration and development work continued at Camino Rojo, the advanced-stage satellite exploration project near Penasquito. Drilling continued with a total of 18,767 meters drilled, including 44 resource expansion and in-fill core holes, plus 10 condemnation holes in anticipation of site facilities At Noche Buena, another advanced-stage district project near Penasquito, new exploration drilling has confirmed structurally controlled higher grade mineralization trends within the resource envelope. Follow-up drilling has been planned to in-fill the oxide portion of these trends.
El Morro:At the El Morro project, technical work on the update to the 2008 feasibility study was completed during the quarter and is now under management review. However, the results indicated that the capital cost of gold production is anticipated to be $3.9 billion when it will start producing gold after 5-6 yrs of getting approval for the project
Outlook
For 2011, Goldcorp reaffirmed its revised production guidance between 2.5 million and 2.55 million ounces of gold.
Total cash costs for the year are expected to range between $180 and $220 per ounce on a by-product basis; and between $500 and $550 per ounce on a co-product basis.
Goldcorp stated that its strong balance sheet and its increasing cash flows leave it well-positioned to fund projects in its pipeline.
The company also indicated it may boost its dividend after it completes its mine planning and budgeting process, which is currently underway
http://www.goldcorp.com
God Bless
Gold Coins: The Mystery of the Double Eagle -
http://finance.yahoo.com/family-home/article/113399/double-eagle-gold-coins-mystery-businessweek
RBC RAISED ABX TARGET PRICE TO $82 FROM $64 -
Doesn't seem to showing that in price move right now.
thanks good info
The banksters $16 trillion makes the investors -
to dance after their cults pipes -
Get $16 trillions back from the banksters who robbed US PEOPLE -
and be $2 trillion ahead so...e.g.,
- NO MORE TAXES FOR PEOPLE - said. RON PAUL -
http://endoftheamericandream.com/archives/the-looting-of-america-the-federal-reserve-made-16-trillion-in-secret-loans-to-their-bankster-friends-and-the-media-is-ignoring-the-eye-popping-corruption-that-has-been-uncovered
funny gold hits a high and this stock goes down....???
Common sense has been replace with computers?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66316501
GG Schart TA TI P&F Alert Bullish Price 1stTarget Obj. fiat$74.34 per share
GOLD TA LT Alert Bull breakout
Goldcorp GG TA LT Alert Bull Breakout
Goldcorp GG gold safety dd....
http://www.goldcorp.com
God Bless
Goldcorp (GG) fiat$45.05 UP $0.31 +0.69%
Volume: 7,578,987 @ 6:30:14 PM ET Strong Demand
Bid Ask Day's Range
45.0 45.13 44.796 - 45.708
GG Detailed Quote
Gold a race to $10,000 and $1000 silver
US Debt Now 100% of GDP
Prelude to the Dollar Collapse -
Prpdigy Gold (PDG)
0.33 ? 0.005 (1.54%)
Volume: 242,450 @ 3:33:17 PM ET
Bid Ask Day's Range
0.335 0.34 0.32 - 0.335
TSX:PDG Detailed Quote
GOLDCORP EXPLORATION RESULTS HIGHLIGHT STRONG ORGANIC GROWTH
Toronto Stock Exchange: G
New York Stock Exchange: GG
VANCOUVER, Nov. 9 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) today
announced highlights from its 2010 exploration drill program.
<<
- Red Lake: High Grade zone extended at depth.
- Musselwhite: Lynx discovery gets larger.
- Porcupine: Drilling success in new zones at Hoyle Pond underground.
- Eléonore: Geologic model supports potential for larger mine.
- Los Filos: Substantial reserve addition likely.
- Penasquito: High grade underground potential continues to grow.
- Marlin: Another high grade vein discovery at Marlin.
>>
"In each of the last six years, Goldcorp's focused exploration program
has delivered greater gold exposure to shareholders by not only increasing
gold reserves in absolute numbers but also by increasing our gold reserves on
a per share basis," said Chuck Jeannes, Goldcorp President and Chief Executive
Officer. "Continued exploration success in 2010 has positioned the Company to
grow gold reserves for a seventh consecutive year, driven by strong results at
key assets. Our highly prospective, Americas-based asset portfolio will remain
an important source of new high quality gold ounces-and continued leverage to
the gold price-in the future."
Canada
Red Lake
During 2010, recent underground infrastructure investments led to an
acceleration of exploration drilling at the Company's cornerstone mine.
Development of the High Grade zone (HGZ) continued from the 4199 exploration
drift, where three drills are infilling and extending the HGZ at depth,
between the 49 and 52 levels. Strong results there support the potential for
increasing 2010 gold reserves in the HGZ for the first time in several years.
They include, 1.1 meters approximate true width of 3,706.9 grams per tonne
gold at the 50 level and 1.7 meters approximate true width of 1,826.3 grams
per tonne gold below the 51 level.
In 2010, a connection drift was completed linking the Red Lake Complex to
the Campbell Complex in the deepest part of the mine. This drift provides
additional flexibility for HGZ development, where a drill platform is
currently targeting the HGZ hanging wall between the 45 and 47 levels.
Exceptional results have been received to date, illustrating strong continuity
of portions of the upper HGZ that have previously not been fully tested. With
a result including 34.7 meters approximate true width of 136.3 grams per tonne
gold on the 46 level, this area is expected to contribute new gold reserves
and resource additions. In 2011, a sustained exploration program from both
drifts will continue to target this prolific gold zone from several platforms.
Slides 2 and 3: High Grade zone continues
In the upper Red Lake Complex, aggressive drilling and development
continues in the Far East Zone. Drilling throughout the year targeted growth
in reserves and resources between the 13 and 21 levels. Exploration drifting
is currently underway on 21 level at Red Lake to provide a drill horizon for
2011 and beyond to infill and expand resources and reserves between the 18 and
23 levels.
The R Zone in the deep Party Wall at Red Lake comprises the former
boundary area between the Red Lake and Campbell mines that had been previously
underexplored. Drilling throughout the year on the R zone has returned
significant assays that are adding reserves and resources between the 30 and
37 levels. Subsequent ore development has exposed these structures for the
first time. Current resource models are being updated in the area and a new
exploration and development plan will be in place in 2011 to further test the
R Zone, which remains open at depth.
Cochenour
The Cochenour/Bruce Channel deposit is located below Goldcorp's historic
Cochenour mine and is a key component of Goldcorp's consolidation plans in the
Red Lake district. A 2009 surface drilling program identified gold
mineralization in the Gap zone between the bottom of Cochenour (2200 Level)
and the top of the Bruce Channel discovery. In 2010, underground drilling from
the 2050 level verified the continuity of gold-bearing structures below
Cochenour towards the Bruce Channel deposit. For budget and planning purposes
the Company has sized the Cochenour project for a mineable deposit of 5
million gold ounces. An initial gold mineral resource is expected for
year-end.
Work on enlarging and upgrading the existing Cochenour shaft is in
progress and the development of a 5 kilometer drift and high speed tram on the
5400 foot level connecting to the Red Lake mine is underway. This will enable
Cochenour/Bruce Channel ore to be hauled directly to the Red Lake mine and
processed at the existing mill facility. The drift will also open up
exploration over five kilometers of untested ground in one of the world's
richest gold districts. Future exploration plans include additional drilling
both from surface and from underground including drilling from the high speed
tram drift. The first of the drilling stations has been completed and drilling
in this untested area is expected to commence in 2011 once the drift
excavation is sufficiently advanced.
Slide 4: Cochenour - composite longitudinal view
Musselwhite
The 2010 highlight of exploration activities at Musselwhite in Ontario
was the discovery of the new Lynx zone. It is located above the cornerstone PQ
Deeps mineralization near existing underground infrastructure and offers vast
new exploration potential. The Lynx zone has significantly higher grade than
the historical Musselwhite orebodies and therefore presents the potential for
production expansion. With intercepts including 9.8 meters approximate true
width of 17.1 grams per tonne gold and 7.4 meters approximate true width of
18.1 grams per tonne, the Lynx zone has the potential to contribute to reserve
growth in 2010 and beyond. Recent drilling has focused on delineating the
zone, which already has a confirmed strike length of 225 meters and a vertical
extent of 260 meters. The deposit remains open along strike and up-dip. It is
expected that the Lynx zone will be central to the justification of a shaft to
facilitate elevated production levels and operating cost reduction for the
long term.
Slide 5: Musselwhite plan view
Slide 6: Musselwhite Lynx zone position
Continued exploration success in the lower extensions of the PQ Deeps
underground operation has also enhanced the potential for significant
expansion at Musselwhite. Average gold grade is increasing at depth, with
assays in the deeper portions of the zone including 6.9 meters approximate
true width of 19.7 grams per tonne. Two barge drilling platforms are in place
for winter drill testing of both Lynx and the PQ Deeps. Drilling in 2011 will
focus on definition drilling of the Lynx zone, extension of the PQ Deeps, and
testing of adjacent targets such as the West Limb and T-Antiform North.
Porcupine
Exploration of deep mineralization, the target of the winze currently
being constructed, has indicated the possibility that the TVZ extends upward,
possibly to surface. Drilling during 2010 focused on lateral and depth
extensions of current mineralized zones including the TVZ and VAZ zones. A
cross-cut drift on the 1210 level to the TVZ area in the sediments reached
TVZ-1 in mid-October with positive results. Development has continued
southeast to a lateral structure called TVZ-2 and is expected to intersect the
zone in mid-December. Diamond drilling in 2010 has added a total of 35 new
intersections in the TVZ zones. Notable results include 1.1 meters of 40.50
grams per tonne and 33.9 meters of 5.40 grams per tonne gold. A new platform
is under development at the 500 level to allow for up-plunge testing of these
zones. Three diamond drills are now in place to test the TVZ zones.
Slide 7: Hoyle Pond TVZ zone
Positive results in the VAZ zone will contribute substantially to
year-end Hoyle Pond reserves and support the potential to replace gold ounces
mined in 2010. The VAZ has now been extended down through the 1450 meter level
and remains open at depth. Exploration development in 2011 will provide key
drill platforms for continued diamond drilling of the VAZ zone.
Slide 8: Hoyle Pond VAZ zone
Eléonore
Drilling at Eléonore in Quebec continued to concentrate on identifying
and defining new ore zones within the hanging wall stratigraphy close to the
exploration shaft location. The exploration shaft has reached a depth of 37
meters, and full-face shaft sinking will commence before the end of 2010
toward full completion by the end of 2011. Work progressed on updating the
existing pre-feasibility study and is expected to include throughput and
production rates reflective of the larger 2010 gold resource. As the project
transitions into the mine development stage, exploration in 2011 will focus on
a number of compelling regional targets in Canada's new gold district.
Slide 9: Eléonore - Roberto Deposit long zone
Mexico
Los Filos
Drilling on the north and south ends of the Bermejal deposit and south
end of the Los Filos deposit toward the 4P area has extended the Bermejal pit
and the continuity of the Los Filos ore body towards the 4P area with better
than average mine gold grades. These results support a pit surrounding the Los
Filos intrusive contact with the potential for significant growth in 2010 gold
reserves and the emergence of a larger, contiguous pit complex. The bottom of
these deposits has not been defined. A focus in 2011 will be the continued pit
expansion and testing of underground mining potential as a supplementary
source of production at Los Filos.
Slide 10: Los Filos plan view
Penasquito
With full mine production capacity expected in early 2011, the focus of
exploration activities will be on continued testing and analysis of satellite
projects Noche Buena and Camino Rojo as well as other high-potential regional
targets throughout the district. At Noche Buena, a drill program supporting a
planned scoping study has been completed and resource modeling has advanced
toward completion of the scoping study by year end. The deposit remains open
laterally. Geophysical work and permitting activities at Camino Rojo will
continue in 2011.
Slide 11: Noche Buena Deposit
Deep drilling at Penasquito has recently intersected a new sulphide manto
deposit on the east side of the Penasco pit that demonstrates similar
characteristics to existing high grade manto resources on the west side of the
pit. The results, which include 5.5 meters of 16% zinc, 84.6 grams per tonne
silver, 0.35 grams per tonne gold and 0.9% lead (at a depth of 895 meters),
continue to support the potential for a future underground operation with an
opportunity to further supplement core Penasquito production.
Slide 12: Penasquito Mantos & Targets
Central America
Guatemala
Following the late 2009 high-grade gold-silver vein discovery in the West
Vero zone, work during 2010 focused on delineation drilling of that area. The
vein is now defined to 1,200 meters strike length and 250 meters dip extension
and remains open to the west and up-plunge. Assayed highlights during the year
at West Vero of 2.2 meters of 12.90 grams per tonne gold and 402 grams per
tonne silver and 2.5 meters of 8.77 grams per tonne gold and 669 grams per
tonne silver are expected to contribute new gold and silver reserves and
resource additions in 2010.
A new vein, Delmy, has now been discovered in a zone north of the primary
Marlin underground operation. A recent drill hole in this area has intercepted
five meters approximate true width of 55.9 grams per tonne gold and 1,723
grams per tonne silver. Additional drilling is focused on confirming the
attitude of the new vein and delineating the structure.
Slide 13: Marlin - Delmy Vein
All slides mentioned in this news release are available at
www.goldcorp.com in the "Investors" section under "Presentations" titled "2010
Exploration Highlights".
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.
Goldcorp has a team of geoscientists who are "qualified persons" as such
term is defined under National Instrument 43-101, responsible for the design
and conduct of Goldcorp's exploration programs and have reviewed and approved
the contents of this news release. Maryse Belanger, Director Technical
Services is the Qualified Person for Corporate. For information on geology,
exploration activities generally, and drilling and analysis procedures on
Goldcorp's material properties, see Goldcorp's Annual Information Form/Form
40-F on file with Canadian provincial securities regulatory authorities and
the United States Securities and Exchange Commission. Sampling and assaying
methods of these programs are being conducted in accordance with the CIM
Mineral Exploration Best Practices Guidelines.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements", within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities legislation, concerning the business,
operations and financial performance and condition of Goldcorp Inc.
Forward-looking statements include, but are not limited to, statements with
respect to the future price of gold, silver, copper, lead and zinc, the
estimation of mineral reserves and resources, the realization of mineral
reserve estimates, the timing and amount of estimated future production, costs
of production, capital expenditures, costs and timing of the development of
new deposits, success of exploration activities, permitting time lines,
hedging practices, currency exchange rate fluctuations, requirements for
additional capital, government regulation of mining operations, environmental
risks, unanticipated reclamation expenses, timing and possible outcome of
pending litigation, title disputes or claims and limitations on insurance
coverage. Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as "plans", "expects" "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates",
"believes" or the negative connotation thereof or variations of such words and
phrases or statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or the negative
connotation thereof. All forward-looking statements are developed based on
assumptions about such risks, uncertainties and other factors set at herein.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Goldcorp to be materially different
from those expressed or implied by such forward-looking statements, including
but not limited to: risks related to the integration of acquisitions; risks
related to international operations; risks related to joint venture
operations; actual results of current exploration activities; actual results
of current reclamation activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; future prices
of gold, silver, copper, lead and zinc; possible variations in ore reserves,
grade or recovery rates; failure of plant, equipment or processes to operate
as anticipated; accidents, labour disputes; delays in obtaining governmental
approvals or financing or in the completion of development or construction
activities and other risks of the mining industry, as well as those factors
discussed in the section entitled "Description of the Business - Risk Factors"
in Goldcorp's annual information form for the year ended December 31, 2009
available at www.sedar.com. Although Goldcorp has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking statements contained in this
press release are made as of the date of this press release and, accordingly,
are subject to change after such date. Except as otherwise indicated by
Goldcorp, these statements do not reflect the potential impact of any
non-recurring or other special items or of any dispositions, monetizations,
mergers, acquisitions, other business combinations or other transactions that
may be announced or that may occur after the date hereof. Forward-looking
statements are provided for the purpose of providing information about
management's current expectations and plans and allowing investors and others
to get a better understanding of Goldcorp's operating environment. Goldcorp
does not undertake to update any forward-looking statements that are included
in this document, except in accordance with applicable securities laws.
-30-
/For further information: Jeff Wilhoit, Vice President, Investor
Relations, Goldcorp Inc., Telephone: (604) 696-3074 begin_of_the_skype_highlighting (604) 696-3074 end_of_the_skype_highlighting, Fax: (604) 696-3001,
E-mail: info@goldcorp.com,
website: http://www.goldcorp.com/
http://cnxmarketlink.com/en/releases/archive/November2010/09/c2536.html
Goldcorp long overdue for a good breakout
Stockchart P&F calls for a bullish price objective $65.-/sh ~<
World Bank chief calls for new gold standard -
HONG KONG (MarketWatch) –-
The president of the World Bank said in a newspaper editorial Monday that;
the Group of 20 leading economies should consider adopting
a global reserve currency based on gold as part of structural
reforms to the world’s foreign-exchange regime...
http://www.marketwatch.com/story/world-bank-chief-calls-for-new-gold-standard-2010-11-07?dist=beforebell
Morning Update/ Market Thread 11/4 QE2 and YOU!
Good Morning,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56325474
by tickettoride thanks good info
Member Profile tickettoride
Official US Deficit Put At Staggering $202 Trillion -
the fiat$ bankrupt -
http://www.eutimes.net/2010/08/official-us-deficit-put-at-staggering-202-trillion/
The Birth of the U.S. Federal Reserve Bank - How usury destroyed America
Pour a favorite beverage for yourself, sit back, listen and brush up on your history!
Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It sounds like a detective story, which it really is, but it's all true. Based on Mr. Griffin's book of the same title, this address will shatter your old ideas about money and change the way you view the world. 1998 lecture.
http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#
by PanicButton thanks good info
God Bless
Goldcorp (GG) fiat$44.29 UP $2.21 +5.25%
Volume: 9,905,376 @ 7:48:54 PM ET strong demand
Bid Ask Day's Range
44.23 44.31 42.8 - 44.66
Full GG Quote
http://www.monetaporcupine.com/s/NTisdale.asp
http://investorshub.advfn.com/boards/board.aspx?board_id=5495
GOLDCORP ANALYST TOUR TO HIGHLIGHT EXCITING FUTURE AT THREE CANADIAN GOLD MINES
9/10/2010 2:18 PM - Canada NewsWire
VANCOUVER, Sep. 10, 2010 (Canada NewsWire via COMTEX News Network) --
Toronto Stock Exchange: G
New York Stock Exchange: GG
GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to provide updates at its three gold mines in Ontario, Canada: Red Lake, Musselwhite and Porcupine, in advance of an upcoming tour of the three mine sites.
Highlights
<<
Red Lake
--------
- High Grade Zone continues with very strong exploration results at
deepest drill levels.
- Positive in-fill drilling results between 45 and 47 level in the High
Grade Zone.
- Cochenour exploration and development accelerating.
Musselwhite
-----------
- Discovery of Lynx zone has potential to significantly enhance future
growth profile.
- Infrastructure upgrades advancing to accommodate extended mine life.
- Engineering underway on new shaft and development for higher
production rates.
Porcupine
---------
- Continued expansion of recently discovered zones at Hoyle Pond
underground.
- Hoyle Pond Deep development project on schedule for 2014 completion.
- Hollinger project advancing to enhance Porcupine production profile.
>>
Mine tour presentation slides and complete drillhole databases are available at
http://www.goldcorp.com
Red Lake
Tour presentations at Red Lake will focus on the continued long-term
potential at Goldcorp's cornerstone mine, including strong recent
exploration success in the deep High Grade Zone (HGZ).
Ongoing development progress and recent positive exploration results
at the Cochenour project will also be highlighted.
Progress on the potential for an open pit resource at Red Lake
will also be presented within the context of overall
district optimization plans.
High Grade Zone Continues
Drilling of the High Grade Zone (HGZ) has accelerated with
recent improvements to underground infrastructure.
Assays from recently completed drilling demonstrate extension of
HGZ grades to the 51 level.
In addition to drilling success in the deepest portions of the deposit,
in-fill drilling between the 45 and 47 level of the HGZ has
delivered positive results.
Cochenour Development On Track
The Cochenour project near Red Lake will be an important contributor
to the long-term success of Red Lake.
Construction progressed to an overall completion level of 15% on
the 5-kilometer high speed haulage drift that will connect
the Cochenour shaft with the Red Lake mine.
Exploration drilling continued at the historic underground workings
at the 2050' level to test the GAP zone and the upper portions of
the Bruce Channel and Cochenour deposits.
Currently 5 drills are operating underground at Cochenour.
For planning purposes, the Company has sized the Cochenour project
as a mineable deposit of 5 million gold ounces with initial
steady-state gold production in excess of 250,000 ounces per year.
A scoping study is expected to be completed by year-end, which
will include details on grade, initial capital costs, mining rates
and operating costs at Cochenour.
Musselwhite
A new ore body, Lynx, has been identified on the east limb of
the synform.
This discovery is near existing underground infrastructure
and indicates vast new exploration targets and potential.
The Lynx zone has the potential to significantly contribute to
2010 reserves and materially enhance the mine's gold production
profile over the longer term.
Tour presentations will also focus on infrastructure upgrades
and development plans in light of favorable future prospects
at Musselwhite.
Lynx: A Major New Discovery
The focus of 2010 exploration activities will be on defining
the magnitude and extent of the recently discovered Lynx zone
located above the current PQ Deeps structure.
Average gold grade in the first 10 intersections of the discovery
section significantly exceeds current reserve grade at Musselwhite,
with an average of 12 grams per tonne at average widths of six meters.
Several strong gold intercepts have also been identified in zones
north and south of the Lynx discovery section.
The zone remains open up-dip, with a current strike extent greater
than 200 meters.
Infrastructure Enhancements to Address Future Production Expectations
On September 5th, Musselwhite poured its 3 millionth ounce of gold.
In light of expectations for significantly longer mine life than
its current eight years, a number of projects underway or in
the planning stages have been advanced or completed, including
a new ventilation system upgrade that has increased air capacity
by 25% and a tailings thickener that has significantly enhanced
the capacity of the tailings facility.
Porcupine
Porcupine's Dome mine is celebrating its 100 year anniversary, and
tour presentations will focus on the continued long-term potential
at Porcupine's historic mining complex.
An underground shaft project designed to efficiently access new
and existing gold structures at Porcupine's Hoyle Pond
underground operation is progressing steadily.
In addition to continued underground success, the Company continues
to define a focused plan to access the large gold resource
at Hollinger.
Hoyle Pond Development Progressing
The Hoyle Pond underground shaft project is designed to efficiently
access both the new depth extensions of current ore bodies as well
as newly- discovered zones such as the TVZ.
The shaft will also lead to enhanced operational flexibility
and efficiencies throughout the Hoyle Pond underground complex.
Work to date has progressed on lateral development underground as
well as infrastructure upgrades at surface and equipment procurement.
First material is expected to be moved using the new shaft by
the end of 2014.
Recently assayed drill holes at Hoyle Pond continue to expand
the TVZ and VAZ target zones.
Hollinger Plans Proceed with Community Support
A feasibility study for the Hollinger open pit project is expected
to be completed at year end.
The permitting and consultation process is well underway with many
key permits expected to be in place by early 2011.
A community advisory committee has been formed to keep the
public informed and allows for a formal venue for issues and
concerns to be tabled to the Company.
If approved, work in 2011 will focus on the dewatering system,
site demolition and clearing and haul road construction.
About Goldcorp's Ontario Mines
Goldcorp is the world's largest producer of Canadian gold, driven
solely by production at its three Ontario mines:
Red Lake, Porcupine, and Musselwhite.
Red Lake
Red Lake Gold Mines (RLGM) is composed of two operating complexes:
the Red Lake and the Campbell Complex.
Situated in one of the world's most prolific gold producing regions,
RLGM has produced 20 million ounces since 1949 and it continues to
be one of the highest-grade gold mines and lowest cost producers
in the world.
RLGM is also the largest gold mine in Canada.
The High Grade Zone alone has averaged more than two ounces
of gold per ton.
Porcupine
Porcupine consists of the Hoyle Pond and Dome underground mines and
a central milling facility.
The operation has produced more than 64 million ounces of gold
since production began in 1910 and includes North America's
longest continually operating gold mine which is celebrating its
100th year of continuous mine and mill operations this year.
The operating properties, combined with extensive and highly
prospective land holdings, are strategically located in one
of the world's great gold producing camps.
Musselwhite
Musselwhite is an underground gold mine and associated processing
plant that produces approximately a quarter-million ounces of
gold annually. It began commercial production on April 1, 1997.
The mine is located on First Nations traditional land, and
Musselwhite's relationships with the local communities
are recognized as best practice.
Él?onore in Quebec
A fourth Canadian gold project, Él?onore, is expected to be a key
contributor to Goldcorp's long-term production pipeline starting
in 2015.
An update to the previous pre-feasibility study is underway that
will include production rates reflective of
the larger 2010 gold resource.
Goldcorp is North America's fastest growing senior gold producer.
Its low-cost gold production is located in safe jurisdictions
in the Americas and remains 100% unhedged.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp Inc. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. All forward-looking statements are developed based on assumptions about such risks, uncertainties and other factors set at herein. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes; delays in obtaining governmental approvals or financing or in the completion of development or construction activities and other risks of the mining industry, as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in Goldcorp's annual information form for the year ended December 31, 2009 available at www.sedar.com. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this press release and, accordingly, are subject to change after such date. Except as otherwise indicated by Goldcorp, these statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of Goldcorp's operating environment. Goldcorp does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.
%CIK: 0000919239
SOURCE: Goldcorp Inc.
Jeff Wilhoit, Vice President, Investor Relations, Goldcorp Inc.,
Telephone: (604) 696-3074
Fax: (604) 696-3001,
E-mail:
info@goldcorp.com
website:
http://www.goldcorp.com
Goldcorp (NYSE:GG)
Last Price (USD) $42.18
Change ? -0.1 (-0.24%)
Bid 42.17
Ask 42.18
Volume 3,329,394
Days Range 41.97 - 42.83
Last Trade 9/8/2010 1:07:19 PM
Click for detailed quote page
Goldcorp (NYSE:GG)(USD) $45.86 UP $0.96 (+2.14%
Bid 45.66
Ask 45.80
Volume 6,949,932 very strong demand
Days Range 45.30 - 46.07
Last Trade 6/18/2010 5:26:21 PM
Click for detailed quote page
dd....
http://www.goldcorp.com
EXACTLY, that is a 100% FACT!
Global fiat going down, gold going Ballistic.
Tim
Goldcorp (NYSE:GG)
Last Price (USD) $43.52
Change ? -0.7993 (-1.80%)
Bid 40.96
Ask 46.26
Volume 6,974,603
Days Range 43.26 - 44.37
Last Trade 6/9/2010 6:48:07 PM
Goldcorp (NYSE:GG)
Last Price (USD) $42.06
Change ? -0.64 (-1.50%)
Bid 42.06
Ask 42.07
Volume 6,463,782
Days Range 41.72 - 43.06
Last Trade 5/4/2010 1:00:00 PM
Click for detailed quote page
Goldman Sachs may have helped fool Greek bond buyers
Submitted by cpowell on Wed, 2010-02-17 13:32.
Section: Daily Dispatches
By Elisa Martinuzzi
Bloomberg News
Wednesday, February 17, 2010
http://www.bloomberg.com/apps/news?pid=20601087&sid=asBNXSLtlN9E&pos=1
Goldman Sachs Group Inc. managed $15 billion of bond sales for Greece
after arranging a currency swap that allowed the government
to hide the extent of its deficit.
* * *
http://www.gata.org
http://jsmineset.com/
e.g.,..don't forget to dd.. goldcorp and the Au-baby neighbor ..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45398348
God Bless
Goldcorp Declares Twelfth Monthly Dividend Payment for 2009
* Press Release
* Source: Goldcorp Inc.
* On 11:22 am EST, Tuesday December 1, 2009
o Goldcorp Inc Com Npv
o Goldcorp Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 12/01/09) - (All dollar amounts in United States dollars (US$))
Related Quotes
Symbol Price Change
G.TO 46.88 +2.81
GOLDCORP INC.
(TSX:G - News)(NYSE:GG - News) is pleased to declare its twelfth monthly
dividend payment for 2009 of $0.015 per share.
Shareholders of record at the close of business on Friday, December 11, 2009 will be entitled to receive payment of this dividend on Friday, December 18, 2009. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Goldcorp is North America's fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in Goldcorp's Annual Information Form for the year ended December 31, 2008, available on www.sedar.com, and Form 40-F for the year ended December 31, 2008 on file with the United States Securities and Exchange Commission in Washington, D.C. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcorp does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Contact:
Contacts:
Goldcorp Inc.
Jeff Wilhoit
VP, Investor Relations
(604) 696-3074
(604) 696-3001 (FAX)
info@goldcorp.com
http://www.goldcorp.com
RED LAKE
The Red Lake Gold Mine -
is composed of two operating complexes: the Red Lake Complex and
the Campbell Complex.
Red Lake Gold mine is Canada’s largest gold mine, and in 2008
produced 629,000 ounces.
It is also one of the world’s richest gold mines and lowest cost producers in the world.
http://www.goldcorp.com/operations/red_lake_mine/
HUI Gold Mining Stocks: Major Uptrend In Progress -
The major trend move underway in the Gold Bugs Index -
Although they're more volatile than Gold, if you can position
yourself on the 'right' side of their dominant trend,
investments in fundamentally sound Gold mining shares can be
even more profitable than investing in physical Gold.
Here's a look at the major trend move underway in the Gold
Bugs index, one of the most widely regarded indexes that
scores of precious metals equity traders and investors
rely on.
My, how times do change. Less than a year ago, the share
prices of virtually every senior and junior Gold mining
company were on the proverbial 'ash heap,' and some market
analysts had doubts that the bull run in the precious metals
sector would ever regain a solid footing, much less soar
to new highs.
And yet, that's just what happened - a complete recovery
across the entire sector (including Silver and Silver mining
companies, too), with Gold now at all-time highs and Silver
up more than 100% in less than 12 months.
Even better for those who trade Gold mining stocks,
the Gold Bugs index (which tracks the performance of some
of the biggest and most fundamentally sound Gold miners)
is up a mind-jarring 200% since October 2008 -
and the uptrend doesn't appear to be waning yet.
Let's have a closer look at the weekly technical chart of
the Gold Bugs index and examine the key trend indicators
as see what they may be telling us about the future
trajectory of prices for this volatile and potentially
profitable sector of the market.
Graphic credit: Metastock v.11
Let's start at the top of the chart to focus on recent
developments first;
note the huge, wide-range weekly candle that just printed,
one that took out the prior weekly swing high of 448.31.
As you probably know, the very definition of an 'uptrend'
is that a stock, commodity or index must have a series of
higher highs and higher lows, and that's exactly what we
see on this weekly chart of the Gold Bugs index.
Now, look just below the recent weekly candle and witness
the ever-increasing spread between the 20-week (red line)
and the 50-week (blue line) exponential moving averages
(EMA's).
Note how they are both sloping upward and that the spread
between them is also increasing at a steady rate;
this is a sign of increasing upward momentum in the index.
Moving toward the lower area of the chart, notice that the Aroon (14) trend intensity index is solidly biased toward
the bullish side of its range (when the blue line is above
the red line and both lines are at opposing extremes, a
powerful uptrend is in motion) even as the Relative Strength
index (RSI)(14) is also in a powerful uptrend.
It's also interesting to note that RSI readings above 60
are usually indicative of a powerful trend move, and with
a current reading of 66.94, we can therefore conclude that
this latest rally in the Gold Bugs index is no fluke.
An interesting side note: Gold (cash basis) is up about 48%
since making a major low late last year (at about $713), but
did you notice that Gold stocks (as represented by the Gold
Bugs index) posted gains of about four times as much during
the same time period?
Does this mean that the shares of Gold mining companies are on
a non-stop ride toward ever-increasing gains?
Not necessarily; in fact, there are strong overhead
resistance areas near 479 and then 520 that will likely act
as (temporary?) consolidation and/or reversal point for
the index.
However, with the monthly chart of the Gold Bugs index
(not shown) also displaying powerful trend characteristics,
there can be little doubt that either of those key resistance
areas will eventually be challenged.
A solid break above 520.00 puts the Gold Bugs index into an
extremely bullish posture, and that's a price level that all
Gold equity traders will be monitoring in the weeks and
months to come.
If the price of Gold also continues to rise (it also
featuring many of the same bullish trend characteristics of
the Gold Bugs index), that will also be extremely favorable
toward those trading the shares of the biggest and most
fundamentally attractive Gold mining companies.
This may be the most exciting time to be a Gold/Gold stock
trader since at least 1979-1980, and if current trends keep
strengthening, we may be on the threshold of an era in the
precious metals markets that will be talked about for
generations to come.
Stay tuned - it's sure to be a fascinating and potentially
profitable time to be involved with the precious metals
markets!
Got RMK - EX..GOLD Spot fiatz$ 10,000.-/oz
ex..
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
Gold Spot (FOREX:XAUUSDO) fiatz$ 1063.90/oz bargain
Last trade 1063.90 Change +0.13 (+0.01%)
Open 1063.77 Previous Close 1063.77
High 1063.99 Low 1063.50
Bid 1063.90 Ask 1064.39
2009-10-15 00:20:46, 0 min delay
Got Gold hard rock treasures -
ex..of a Gold venture penny play
CQRLF - The Calm Before The Run
LexLuthor
Drilling has begun.
I believe GoldCorp is watching this company very close.
This is stock is currently under the radar
and should gain some attention very soon.
Drilling results have to be positive.
Stay tuned......
well, CQR still an Ausome bargain..
dd..listen to..
Presentation by John F. Kearney, Conquest's Chairman on "InvestmentPitch.com"....
http://www.investmentpitch.com/media/514/Conquest_Resources_Ltd.__TSXV_CQR/
WHY RED LAKE GOLD BELT?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41185478
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41481973
http://investorshub.advfn.com/boards/board.aspx?board_id=11788
imo. tia.
God Bless
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