GOLD (Au) PRODUCERS

[NYBob]

GOLDCORP EARNINGS INCREASE AND DIVIDEND DOUBLES ON RECORD OPERATING CASH FLOW

Oct. 27, 2010 (Canada NewsWire Group) --

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Toronto Stock Exchange: G New York Stock Exchange: GG
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(All Amounts in $US unless stated otherwise)
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VANCOUVER, Oct. 27 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) today reported third quarter gold production of 596,200 ounces and lower cash costs of production, leading to record operating cash flows before working capital changes(1) of $470.6 million. Reported net earnings in the quarter were $466.5 million compared to $114.2 million in the third quarter of 2009. Adjusted net earnings(2) were $231.5 million, or $0.31 per share, compared to $140.6 million, or $0.19 per share, in the third quarter of 2009.

Quarter Highlights

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- Revenues increased 28% over the 2009 third quarter, to
$885.8 million, on gold sales of 568,100 ounces.
- Total cash costs(3) for the quarter were $260 per ounce on a by-
product basis and $429 per ounce on a co-product basis.
- Operating cash flows before working capital changes totalled
$470.6 million.
- Commercial production declared at Penasquito; successful ramp-up
continues with mechanical completion of high pressure grinding roll
circuit.
- Andean Resources acquisition to add high quality gold production
growth.
- San Dimas and Terrane divestitures further focus portfolio and
enhance balance sheet.
- Dividends paid amounted to $33.2 million.
- Dividend increased 100% to $0.36 per share ($0.03 per month).
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Jeff Wilhoit, Vice President, Investor Relations,
[phone]
Fax: [phone],

Email: info@goldcor[img]p.com,
Website: http://www.goldcorp.com

http://www.porcupinegoldmines.ca/en/ouroperations/hollinger.asp