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SAN DIMAS

 On August 6, 2010 Goldcorp completed the sale of San Dimas mine to Primero Mining Corp. (TSX-V: P) (formerly Mala Noche Resources Corp.).   Pursuant to the terms of the transaction, Goldcorp received an aggregate of 31,151,200 common shares of Primero representing approximately 36% of Primero’s issued and outstanding common shares, $216 million in cash, a $60 million 12-month convertible note bearing an annual interest rate of 3% and a $50 million 5-year promissory note bearing an annual interest rate of 6%.

OPERATING STATISTICS

 

San Dimas (1)

2007
(actual)

2008 (2)
(actual)

2009

Tonnes Ore Milled

845,594

 657,500

673,300

Avg mill gold grade (g/t)

6.43

 4.29

5.36

Avg mill silver grade (g/t)

337

 261

249

Gold Recovery

94%

 97%

97%

Silver Recovery

91%

 94%

95%

Gold Production Oz

163,300

 86,700

113,000

Silver Production Oz

6,965,600

 5,113,500

5,093,400

Total Cash Costs*

$259

 $405

$287

 

* Subsequent to October 15, 2004, all Luismin silver is sold toSilver Wheaton at a price of $3.90 per ounce.  The calculation of total cash costs per ounce of gold is net of by-product silver sales revenue of $3.90 per silver ounce (pro forma basis prior to October 15, 2004)
(1) Previously disclosed as "Luismin". 
(2)Figures do not include Los Filos Underground (formerly Nukay), which is now disclosed as part of the Las Filos operation.