GG: Reserve Upside Remains Compelling

STEVEN BUTLER, Canaccord Genuity (04/07/2011)
"We reiterate our BUY recommendation on Goldcorp following the announced release of an updated feasibility study on Cerro Negro contemplating an increase in throughput to 4,000 tpd (vs. the previous feasibility study which planned an initial rate of 1,850 tpd). In our view, the exploration potential at Cerro Negro remains compelling and should result in further resource and reserve growth over several years."

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