COMPANY UPDATES

June 2010 - Safe Enough for Our Families: Porcupine Wins Ontario Provincial Mine Rescue Competition

Goldcorp is pleased to announce that the Porcupine gold mine took First Place in the 2010 Ontario Provincial Mine Rescue Competition.  In a very competitive field, mine rescue teams first demonstrated their skills in timed firefighting, high rope rescue and lifting bag exercises before being called to respond to a series of mock accidents testing the overall skill and preparation of the teams.  Porcupine also received the Firefighting Award during the competition, which concluded on June 13, 2010.  Goldcorp is committed to upholding the highest standards in health and safety and congratulates the Porcupine team on its important achievements.

June 2010 - Goldcorp provides needed relief after Guatemala devastated by storm Agatha

In Central America, the season’s first tropical storm, Agatha, made landfall near the Guatemala-Mexico border on May 29th.

The heavy rains caused flooding and mudslides in many communities surrounding Goldcorp’s mines and projects.  The project teams worked quickly to assess the damage and set priorities with local authorities and communities to assemble emergency supplies, aid relief and assistance.  Supplies including corn, beans, rice, bottled water, protein drinks, 1,000 foam beds, 500 tents, candles and matches were delivered to community members starting on June 3^rd. Other supplies to assist with infrastructure repairs from landslides and flooding were donated.  In total, Goldcorp contributed approximately US$300,000 to support the victims and communities affected by Agatha.

In Guatemala City, Goldcorp subsidiary, Montana Exploradora’s offices served as the public relations and administrative outpost where the purchases of relief supplies were coordinated. The offices assisted the Ministry of Energy and Mining with arranging a receiving station for the goods and the Vice Minister of Energy and Mining, Alfredo Pokus and the Vice President of Guatemala were present at the inauguration of the receiving station where Montana’s donations were graciously accepted.

Marlin mines’ Industrial Firemen were deployed to assist with rescue operations and were subsequently stationed to work with the local fire station in the area.  The Community Relations, Human Resources and Geology departments were mobilized to assist in the community aid effort.

The communities requiring the most assistance were El Chupadero, Chapas, San Miguel and Las Tunas: four communities which suffered partial or total loss of dwellings and belongings.  Over 1,500 people received assistance from Goldcorp during the days following the storm.  Goldcorp teams facilitated repairs to roadways, bridges and the removal of debris and sand in affected communities. 

Our special thanks to Goldcorp’s Guatemala team for its tireless efforts and selfless assistance during this crisis.

March 2010 - Mexico President Calderón Inaugurates Peñasquito Mine

On March 22^nd Goldcorp began the celebration of what will soon be the largest mine in Mexico and one of the most important mines in Goldcorp’s portfolio; Peñasquito.

The US$ 1.7 billion investment made in Peñasquito is one of the most important in the domestic mining sector in Mexico in the past two decades, and will position Mexico among the five largest gold producers in the world, as well as the most important silver producer. Furthermore, it will generate 2,500 direct jobs and 12,500 indirect jobs.

At the official inaugural ceremony at the Peñasquito mine on March 23rd, the President of Mexico, Felipe Calderón welcomed the investment and stated, “I am surprised how often it seems that we Mexicans have gone into debt, instead of attracting investments, out of fear, rejecting anything that isn’t Mexican, hampering ventures and putting up roadblocks, keeping people from coming here and getting excited about investing in Mexico”.

President Calderón stated that the government is working aggressively to generate jobs for Mexican families, and that is why he is happy with the Goldcorp investment.

All of us at Goldcorp were pleased and honoured to host the President of Mexico, Felipe Calderón, the Governor of Zacatecas, Amalia García, and numerous other Mexican and Canadian government officials along with friends, vendors, contractors and other business partners, and numerous representatives of the surrounding communities at the Peñasquito Inauguration. The audience was able to see and hear about the tremendous accomplishments of our construction and operations teams at Peñasquito and we look forward to deploying this talent and expertise for the benefit of the Company’s next suite of growth projects in Mexico and elsewhere.