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Goldcorp Achieves Record Gold Production in 2007; Further Growth Forecast for 2008
Tuesday January 8, 8:00 am ET


VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 8, 2008 -- All Amounts in $US unless stated otherwise
GOLDCORP INC. (Toronto:G.TO - News)(NYSE:GG - News) announced today that its gold production in 2007 increased 35% to 2.29 million ounces, at the high end of its guidance range of 2.2 million to 2.3 million ounces. Gold production in the fourth quarter of 2007 was a record 633,000 ounces.

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Total cash costs for 2007 have not yet been compiled, but are expected to be slightly higher than the guidance of $150 per gold ounce, due primarily to lower copper prices realized during the fourth quarter.

"Goldcorp ended the year with its highest quarterly gold production ever," said Kevin McArthur, President and Chief Executive Officer. "We believe 2008 will extend our peer-leading growth profile, with gold production expected to increase 14% over 2007. This growth comes from high quality, long-lived assets with intriguing exploration potential and strong cash flows. Goldcorp's business continues to expand substantially - building big mines in safe countries, with over 80% of its gold production expected from NAFTA countries in 2008. This impressive value-creation remains unmatched among senior gold producing companies."

http://biz.yahoo.com/iw/080108/0345952.html