Gold Report - Goldcorp Inc. NYSE:GG; TSX:G

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Goldcorp Inc.

TICKER:  NYSE:GG; TSX:G
DESCRIPTION:  Goldcorp is now the world's lowest-cost, million-ounce gold producer. The acquisition of Wheaton River Minerals Ltd. has increased gold production, gold reserves and resources and given the company one of the fastest growth curves in the industry. It has strengthened Goldcorp's already solid balance sheet and lowered production costs per ounce even further. Goldcorp is in excellent financial condition. It has no debt, a large treasury, strong cash flow and earnings and pays a dividend 12 times per year. Goldcorp is completely unhedged.

WEBSITE:  http://www.goldcorp.com/
MAX Options Two Properties in British Columbia Premier Announces Annual General Meeting of Shareholders (AGM) to Take Place with Presentation Sched Halo Commences Drilling at West Red Lake

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.

"The Goldcorp story just keeps getting better. It is my number one pick (and holding) in the Legacy Discovery gold and precious metals space. In the fourth quarter, Goldcorp reported production of 601,300 ounces of gold at a cash cost of $289 per ounce. The company is generating $1.5 billion in cash flow per year (on average for the next five years), pays a dividend and has almost $900 million in cash on the balance sheet. Last year, Goldcorp produced 2.42 million ounces of gold at a cash cost of $295 per ounce. More important, just take a look at the relative growth to average cost position of Goldcorp to its peer group of gold producers."
- Michael Berry, Morning Notes (03/12/10)

TGR: What about consolidation plays? Do you think the time is right for that?

JE: I think the big problem is that the guys that head up some of these gold companies don't have the confidence in their own product that they should have. As a result, they're reluctant to pull the trigger on acquisitions that to me would be brilliant at this stage in time. We've seen some activity, as you mentioned, in Mexico. I know Goldcorp has been picking up a few around its big silver play down there. And I think that's a great move. My attitude is that these guys, without exception, all have long-term reserve issues. If there's ever been a better time, based on my outlook for where all this is going, to pick them up, I can't think of one. These guys should be looking for anything that's real and using their paper right now to buy it.
- The Gold Report Interview with John Embry (03/08/10)

"Goldcorp Inc. is the 4th most efficient company in this segment of the market. Its earnings per employee was $415,368 for the last 12 months. Its revenue per employee was $939,081 for the same period."
- China Analyst (03/06/10)

"We like the stock for larger accounts that prefer not to trade that often. We forecast a gain for GG from this date at $35.00 moving to $45.00 as minimum by April-May 2010.

. . .Just remember, this is a big boy stock and company and there are major funds holding these shares. When fund managers smell a selling cycle coming into later April or May, they are out in flash. Those that make money trading must dodge the annual later spring and fall cycles to keep their gains. Stay Alert!"
- Trader Tracks (02/02/10)

"Mexico's ever-expanding gold mining industry is on target for another banner year in 2010. In fact, output is expected to jump by an additional 880,000 ounces next year to nearly 2.5 million ounces, representing an approximately 50% increase over 2009's projected figures (which have yet to be announced).

Much of the additional output will come from the ramping-up of production at the world-class gold/silver Penasquito mine in Zacatecas State. Owned by the world's fifth largest gold producer, Vancouver-based Goldcorp, Inc., the mine was commercialized last October and is expected to start yielding up to 500,000 ounces of gold per annum."
- Marc Davis, BNW News (01/20/10)

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