Development Pipeline Expected to Boost Production

THE ROC TEAM, Haywood Securities (05/04/2009)
"Goldcorp is forecasting 2009 production of 2.3 million ounces at a cash cost of US$365 per ounce (by-product basis). The company has an industry-leading five-year growth profile driven by new mine construction including Penasquito, Red Lake, Pueblo Viejo (40%) and the Musselwhite expansion. The company's capex budget for 2009 is US$1.4 billion and the current development pipeline is expected to boost production to 3.5 million ounces by 2013."

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