PRECIOUS METAL PRODUCERS

[NYBob]

Goldcorp inc. officially inaugurates its Éléonore Mine, a world-class gold mine in Northern Québec -
WEMINDJI, QC, July 31, 2015 /CNW Telbec/ -

http://web.tmxmoney.com/article.php?newsid=77165253&qm_symbol=G

The Éléonore Gold Mine,
located on the Eeyou Istchee James Bay territory in Northern Québec,
was officially inaugurated today by
GOLDCORP INC. (TSX: G, NYSE: GG)
in the presence of many dignitaries, including Pierre Arcand, Minister of Energy and Natural Resources, Minister responsible for the Plan Nord, and Minister responsible for the Côte-Nord region; Dr. Matthew Coon Come, Grand Chief of the Grand Council of the Crees (Eeyou Istchee); Christine Moore, Member of Parliament for Abitibi—Témiscamingue; Manon Cyr, Chair of the Eeyou Istchee James Bay Regional Government and Mayor of Chibougamau; Chief Dennis Georgekish of the Cree Nation of Wemindji; Ian Telfer, Goldcorp's Chairman of the Board; Chuck Jeannes, Goldcorp's President and Chief Executive Officer; and Guy Belleau, General Manager of Goldcorp's Éléonore Mine.

The asset was acquired by the company in 2006.
In 2011, Goldcorp signed the Opinagow Collaboration Agreement with
the Cree Nation of Wemindji, the Grand Council of the Crees
(Eeyou Istchee) and the Cree Regional Authority,
setting the framework for the mine's development
based on genuine partnership, collaboration and respect.

Construction activities took place between 2011 and 2014.
Goldcorp invested approximately US $2 billion throughout
the construction phase, creating over 2,000 direct jobs.

In addition to its state of the art complex, Goldcorp has
invested approximately US$130 million in public infrastructure,
including the construction of 63 kilometers of access roads,
60 kilometers of power lines,
an airport and telecommunication capabilities
that will serve local communities and
other mining exploration activities for years to come.

http://www.goldcorp.com/English/Unrivalled-Assets/Mines-and-Projects/Canada-and-US/Operations/Eleonore/Photo-Gallery/default.aspx

Ore is extracted using high-tech equipment and processes designed
to maximize gold recovery.
Innovative practices are being used to ensure a small ecological
footprint and position Goldcorp as a leader in
sustainable mining in Québec.

The first gold pour took place on October 1, 2014 and
commercial production began on April 1, 2015.
Upon ramp-up to full capacity in the first half of 2018,
Éléonore is expected to produce
between 500,000 and 600,000 ounces of gold per year
over its productive mine life.

Approximately 1,000 people are expected to be directly employed
by Eleonore during ongoing operations.

HIGHLIGHTS

Economic Impacts

An investment of approximately US$2 billion for construction—95% of
capital expenditures went to Québec-based companies
Over 2,000 direct jobs created during the construction phase
Approximately 1,000 people employed during ongoing operations
Productive life: expected to be a minimum of 15 years based on
the company's published 2014 reserve estimates
(see http://www.goldcorp.com for additional details)

Production

First gold pour on October 1, 2014
In 2014, production reached 18,300 ounces of gold
Commercial production declared April 1, 2015
Upon ramp-up to full capacity in the first half of 2018,
Éléonore is expected to produce between 500,000 and 600,000 ounces of
gold per year over its productive mine life
(see www.goldcorp.com for additional details)
Creation of approximately 1,000 jobs
Production shaft depth: 1,140 m

LOCATION

The Éléonore mine is located in the heart of
the Eeyou Istchee James Bay territory in northern Québec
375 km from the Wemindji Cree Nation.

The mine is accessible by a 1,410 km drive from Montréal and
a 1,650 km drive from Québec City.

QUOTES

"Given the years of planning, partnering and investment,
it's clear we're here because of the hard work of many -
- including the leadership of the Cree, the support of communities
in northern Québec, the Provincial and Federal Governments,
along with so many people at Goldcorp and
we're committed to growing our business here."

- Chuck Jeannes, President and CEO, Goldcorp

"We are proud to highlight the work of our people, who
increase the value of Québec's underground resources with
high-quality, dedicated business partners.
Our entire team will help develop the full potential
Éléonore has to offer and we will work to maximize
the mine's economic benefits and sustainability,
to the benefit of the community and all of Québec."

- Guy Belleau, Goldcorp's Éléonore Mine General Manager

"The Éléonore project is an excellent example
of the promising projects we want in the area covered by the Plan Nord.
Carried out in partnership with the local and Aboriginal communities,
and implemented according to best practices, this project has generated
significant benefits across Québec and will continue to do so for many
years.
Today's event demonstrates that our government is listening to
investors and is firmly committed to Québec's economic recovery."

- Pierre Arcand, Minister of Energy and Natural Resources, Minister
responsible for the Plan Nord, and Minister responsible for the Côte-
Nord region

High-resolution photos and videos of the mine and the inauguration event
are available on request for members of the media.

About GOLDCORP INC.

Goldcorp (TSX: G, NYSE: GG) is one of
the world's fastest growing gold producers.
Its low-cost gold production is located in safe jurisdictions
in the Americas and remains 100% unhedged.

http://www.goldcorp.com

Join the conversation on Twitter: @Goldcorp_Inc

SOURCE Goldcorp


Anne-Marie Caron, 514 442-9775, [e-mail]; Véronique Normandin, Press Officer, Office of Minister of Energy and Natural Resources, Minister responsible for the Plan Nord and Minister responsible for the Côte-Nord region, 418 643-7295Copyright CNW Group 2015

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God Bless