VANCOUVER,
5, 2014
INC
mine in Guerrero State,
has resumed all operations following a negotiated settlement with the
Carrizalillo Ejido for a new land occupancy agreement with a five-year term.
Operations at Los Filos had been suspended since
Due to the suspension,
forecast 2014 gold production at Los Filos is expected to be at the low end of
the mine’s guidance range of between 330,000 and 345,000 ounces.
has reconfirmed overall company guidance of between 2.95 and 3.10 million gold
ounces for the year. The Los Filos mine directly employs more than 2,600
people from the surrounding communities with an estimated 10,000 additional
jobs created as a result of the mine’s presence in the region.
is one of the world’s fastest growing senior gold producers. Its low-cost
gold production is located in safe jurisdictions in the
and remains 100% unhedged.
Cautionary Note
Regarding Forward Looking Statements
This press release contains
“forward-looking statements”, within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation, concerning the business, operations and financial
performance and condition of
Inc.
not limited to, statements with respect to the future price of gold, silver,
copper, lead and zinc, the estimation of mineral reserves and resources, the
realization of mineral reserve estimates, the timing and amount of estimated
future production, costs of production, capital expenditures, costs and timing
of the development of new deposits, success of exploration activities,
permitting time lines, hedging practices, currency exchange rate fluctuations,
requirements for additional capital, government regulation of mining operations,
environmental risks, unanticipated reclamation expenses, timing and possible
outcome of pending litigation, title disputes or claims and limitations on
insurance coverage. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as “plans”,
“expects”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, “believes” or
variations of such words and phrases or statements that certain actions, events
or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be
achieved” or the negative connotation thereof.
Forward-looking statements
are made based upon certain assumptions and other important factors that, if
untrue, could cause the actual results, performances or achievements of
to be materially different from future results, performances or achievements
expressed or implied by such statements. Such statements and information
are based on numerous assumptions regarding present and future business
strategies and the environment in which
will operate in the future, including the price of gold, anticipated costs and
ability to achieve goals. Certain important factors that could cause actual
results, performances or achievements to differ materially from those in the
forward-looking statements include, among others, gold price volatility,
discrepancies between actual and estimated production, mineral reserves and
resources and metallurgical recoveries, mining operational and development risks,
litigation risks, regulatory restrictions (including environmental regulatory
restrictions and liability), activities by governmental authorities (including
changes in taxation), currency fluctuations, the speculative nature of gold
exploration, the global economic climate, dilution, share price volatility,
competition, loss of key employees, additional funding requirements and
defective title to mineral claims or property. Although Goldcorp has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended.
Forward-looking statements
are subject to known and unknown risks, uncertainties and other important
factors that may cause the actual results, level of activity, performance or
achievements of
materially different from those expressed or implied by such forward-looking
statements, including but not limited to: risks related to the integration of
acquisitions; risks related to international operations, including economic and
political instability in foreign jurisdictions in which
operates; risks related to current global financial conditions; risks related
to joint venture operations; actual results of current exploration activities;
environmental risks; future prices of gold, silver, copper, lead and zinc;
possible variations in ore reserves, grade or recovery rates; mine development
and operating risks; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; risks related to
indebtedness and the service of such indebtedness, as well as those factors
discussed in the section entitled “Description of the Business – Risk
Factors” in
annual information form for the year ended
at www.sedar.com. Although Goldcorp
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Forward-looking
statements are made as of the date hereof and accordingly are subject to change
after such date. Except as otherwise indicated by
these statements do not reflect the potential impact of any non-recurring or
other special items or of any dispositions, monetizations, mergers,
acquisitions, other business combinations or other transactions that may be
announced or that may occur after the date hereof. Forward-looking
statements are provided for the purpose of providing information about
management’s current expectations and plans and allowing investors and others
to get a better understanding of our operating environment.
does not undertake to update any forward-looking statements that are included
in this document, except in accordance with applicable securities laws.
SOURCE
Inc.
Jeff
Wilhoit
Vice President, Investor Relations
Goldcorp Inc.
Telephone: (604) 696-3074
Fax: (604) 696-3001
E-mail: [email protected]
www.goldcorp.com
