VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Feb. 2, 2010) - GOLDCORP
INC. (TSX:G)(NYSE:GG) announced today that the
Musselwhite mine, located in north-western Ontario, Canada, has become the first gold
mining operation in Canada to be fully certified under the International
Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in
the Production of Gold ("the Cyanide Code"). Musselwhite mine is an underground
gold mine that produces approximately a quarter-million ounces of gold annually.
The Cyanide Code is a voluntary industry program for companies
involved in the production of gold using cyanide. It was developed under the
auspices of the United Nations Environment Programme with the goal of
safeguarding human health and the environment by promoting responsible
management of cyanide used in gold mining.
The Company also announced today that Marigold mine in Nevada has
been re-certified under the Cyanide Code. Marigold is the first gold mine to
undergo a second triennial Code audit and be found in full compliance. In 2007,
Marigold became the first gold mining operation in the world to be fully
certified. Along with Musselwhite and Marigold, Goldcorp's El Sauzal mine in
Mexico and Marlin mine in Guatemala have also been fully certified.
"Our highest priority is the health and safety of our employees and
of the communities in which we operate," said Chuck Jeannes, Goldcorp Chief
Executive Officer. "The certification of Musselwhite mine is another positive
step forward in Goldcorp's commitment to environmental stewardship and
operating all of its mines responsibly and to the highest international
standards."
Goldcorp is the lowest-cost and fastest growing multi-million
ounce gold producer with operations throughout the Americas. Its gold production
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. ("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", "believes" 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".
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, 2008 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. Goldcorp
does not undertake to update any forward-looking statements that are included
in this document, except in accordance with applicable securities laws.