G: Production Estimates

TANYA JAKUSCONEK, National Bank Financial (07/15/2010)
"We are expecting production of 612 Moz. gold at total cash costs of $340/oz. (byproduct), with costs impacted by negative copper pricing adjustments. In addition, we are forecasting 5.5 Moz. silver, 28 Mlbs. copper, 34 Mlbs. zinc and 20 Mlbs. lead production (this includes non-commercial production at Peñasquito). We expect Goldcorp to provide an update on Peñasquito ramp-up with the project on target for commercial startup in Q3. We anticipate an update on underground development at Red Lake (no exploration results), progress of the Cochenour exploration drift and also a general update on Pueblo Viejo. We are not expecting an exploration update, although we anticipate a general review on Éléonore progress as a construction decision is expected at year-end. We also expect the company to provide an update on Marlin with the recent recommendation by IACHR (Inter-American Commission on Human Rights)."

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