Goldcorp
Goldcorp Inc. (TSX: G, NYSE: GG) is a gold producer headquartered in Vancouver, British Columbia, Canada. Goldcorp has 16 operations and development projects in 6 countries across the Americas.[6]
Goldcorp produced 2.42 million troy ounces of gold in 2009 at a total cash cost of $295 per ounce of gold.
On March 23, 2010 Goldcorp hosted the official inauguration of its new Peñasquito Mine located in the State of Zacatecas, Mexico. The current Peñasquito mine plan projects operations over 20 years, creation of more than 2,000 direct new jobs, and the creation of as many as 12,500 indirect new jobs. The mine is expected to produce 500,000 ounces of gold, 28 million ounces of silver, 450 million pounds of zinc, and 200 million pounds of lead per year.[7]
Operations
Goldcorp operations include:
- Red Lake mine (Canada)
- Porcupine mine (Canada)
- Musselwhite mine (Canada)
- Wharf mine (USA)
- Marigold mine (67%) (USA)
- El Sauzal mine (Mexico)
- Los Filos mine (Mexico)
- San Dimas mine (Mexico)
- Peñasquito mine (Mexico)
- Marlin mine (Guatemala)
- San Martin mine (Honduras)
- Alumbrera mine (37.5%) (Argentina)
Goldcorp projects include:
- Pueblo Viejo (Dominican Republic - 40% ownership)
- El Morro (Chile - 70% ownership)
- Eleonore (Canada)
History
- On March 31, 2006, Goldcorp acquired the Eleonore gold project in Quebec from Virginia Gold Mines Ltd.
- On May 12, 2006, Goldcorp completed the purchase of a number of Placer Dome assets from Barrick Gold for approximately $1.6 billion.
- In August 2006, Goldcorp acquired Glamis Gold to create one of the world’s largest gold companies.
- On February 14, 2008, Goldcorp completed the disposition of 108 million common shares of Silver Wheaton to a syndicate of underwriters, at a price of Cdn $14.50 per share, for aggregate gross proceeds to Goldcorp of $1.571 billion which represents the sale of all of Goldcorp's remaining interest in Silver Wheaton.
- On September 25, 2008, Goldcorp acquired Gold Eagle Mines Ltd. Gold Eagle's principal asset is the Bruce Channel gold discovery which is situated adjacent to Goldcorp's Red Lake Gold mine.
- In October 2008, Goldcorp was named one of BC's Top Employers by Mediacorp Canada Inc., which was announced by The Vancouver Sun, The Province and the Victoria Times-Colonist.[8]
- February 2, 2010, Goldcorp's the Musselwhite mine, located in north-western Ontario, Canada, became was the first gold mining operation in Canada to be fully certified under the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold (“The Cyanide Code”).
- August 13, 2009, Goldcorp's Marlin mine, in Guatemala, became the first mining operation in Central America to be fully certified under the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold.
- On February 16, 2010, Goldcorp completes the acquisition of 70% interest in El Morro project, an advanced stage copper-gold project located in north-central Chile, Atacama Region, approximately 80 kilometres east of the city of Vallenar.
- On June 2, 2010, Goldcorp announced the sale of San Dimas mine in Mexico to Mala Noche Resources Corp.
- On September 3, 2010, the company said it would buy Andean Resources Ltd for $3.4 billion.[9] Andean is listed on the Toronto Stock Exchange.
See also
External links
References
- ^ a b c "goldcorp financial data". http://www.google.ca/finance?q=TSE:G&fstype=ii. Retrieved 2010-05-03.
- ^ "top 2000 companies 2010". Forbes. 2010-04-21. http://www.forbes.com/lists/2010/18/global-2000-10_The-Global-2000_Company_8.html.
- ^ a b "top 2000 companies 2009". Forbes. 2009-04-08. http://www.forbes.com/lists/2009/18/global-09_The-Global-2000_Company_8.html.
- ^ a b "goldcorp inc. stock quote analysis at a glance". Forbes. http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=GG. Retrieved 2010-05-03.
- ^ "Company Profile for Goldcorp Inc (GG)". http://zenobank.com/index.php?symbol=GG&page=quotesearch. Retrieved 2008-10-08.
- ^ goldcorp inc. - Operations
- ^ "Goldcorp Bountiful with Penasquito - Zacks.com". 2010-09-13. http://www.zacks.com/stock/news/40071/Goldcorp+Bountiful+with+Penasquito. Retrieved 2010-09-13.
- ^ "Reasons for Selection, 2009 BC's Top Employers competition". http://www.eluta.ca/top-employer-goldcorp.
- ^ Cui, Carolyn, Liam Pleven and Ray Brindal, "As Gold Climbs, So Do the Deals: Metal's Price, at Near-Record $1,249.20 an Ounce, Has Mining Companies Hunting for Prey" (preview only available to non-subcribers), The Wall Street Journal, September 4, 2010. Retrieved 2010-09-05.
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