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Goldcorp Reports Record Net Earnings in Fourth Quarter
Thursday February 21, 8:30 am ET


VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 21, 2008 -- All Amounts in $US unless stated otherwise.
GOLDCORP INC. (Toronto:G.TO - News)(NYSE:GG - News) today reported record net earnings of $256.5 million, or $0.36 per share, for the quarter ended December 31, 2007 and $460.1 million or $0.65 per share, for the year. Production in 2007 increased 35% to 2,292,600 gold ounces at a total cash cost of $163 per ounce.

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Fourth Quarter 2007 Highlights:

- Revenues increased 42% to $679.8 million.

- Gold production increased 9% to 638,900 ounces(2).

- Total cash costs of $195 per gold ounce(2),(3), net of by-product copper and silver credits.

- Operating cash flow of $327.1 million, before changes in working capital(4).

- Reaffirms 2008 guidance of approximately 2.6 million gold ounces at a total cash cost of $250 per ounce.

2007 Full-Year Highlights

http://biz.yahoo.com/iw/080221/0364921.html