Comunicado de Goldcorp sobre el ejercicio 2014

8/10/2019 Comunicado de Goldcorp sobre el ejercicio 2014

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Goldcorp 2014 gold production increases 11% as costs decrease 6%; Forecast productiongrowth of approximately 20% in 2015

January 12, 2015

TSX: G

NYSE: GG

(All Amounts in $US unless state ot!er"ise#

AN%&UE', Jan 12, 2015 )%N*) + GOLDCORP INC.(TSX: G, NYSE: GG#

toay announe -ol .roution an .reliminary as! osts /or

201 an .roie .roution an as! ost -uiane /or 2015 an

.roution /oreasts /or t!e /ie+year .erio t!rou-! 201

Highlights

'eor -ol .roution o/ 334,000 ounes in t!e /ourt!

uarter, resultin- in 201 -ol .roution o/ a reor 2361

million ounes

All+in sustainin- osts2total a..ro7imately $1,05 .er oune

in t!e /ourt! uarter o/ 2018 all+in sustainin- osts

erease 49 to a..ro7imately $50 .er -ol oune /or 201

oreast 2015 -ol .roution to -ro" a..ro7imately 209 to

;et"een


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year /rom t!e /la-s!i. CeDasuito mine in =e7io an t!e

a!ieement o/ .roution -uiane at most mines in t!e .ort/olio

nearly o//set .reiously+re.orte .roution !allen-es at os

ilos an El SauFal mines in =e7io es.ite reor /ourt!

uarter -ol .roution, ontinue "eaBness at os ilos an

start+u. issues at >l?onore le/t us s!ort o/ /ull year .roution-uiane =ost im.ortantly, "e a!iee Golor.@s /irst

o.erational o;Hetie as "e .roue -ol "it! Fero /atalities At

t!e same time, "e si-ni/iantly reue t!e num;er o/ inHuries

aross our or-aniFation

Anot!er Bey aom.lis!ment urin- 201 "as t!e a!ieement o/

initial -ol .roution at t!e t!ree ne" -ro"t! .roHets t!at

om.rise t!e ;aB;one o/ Golor.@s -ro"t! .ro/ile *e "ere

.lease to a!iee ommerial .roution at %erro Ne-ro as at

January 1, 2015 At >l?onore "e e7.et to aress remainin- start+u. issues early in t!e year in orer to .osition t!e mine /or

stron-, sustaine -ol .roution T!e seamless inte-ration o/ t!e

%o!enour .roHet into t!e o.erations o/ 'e aBe in t!is year o/

transition is also a Bey .riority urin- 2015 All t!ree .roHets

are "ell+.ositione /or lon- term suess, an "it! t!eir a.ital

inestment nearly om.lete, "e enter 2015 "it! an outstanin-

.ort/olio an!ore ;y youn-, lo"+ost mines t!at are .ositione to

ontri;ute /ree as! /lo" t!is year an ;eyon

At all o/ our mines an .roHets, t!e /ous remains on .ro/ita;le

-ol .roution t!at emonstrates lear returns /or s!are!olers

an "e !ae eliminate mar-inal ounes t!at o not meet t!is

o;Hetie /rom our mine .lans *e aom.lis!e t!is in 201 "it!

t!e om.letion o/ a ne" mine .lan at CeDasuito t!at eliere

stron-er returns, an t!e latest e7am.le o/ t!is is at 'e aBe,

"!ere remnant .roution /rom t!e elinin- %am.;ell o.eration no

lon-er meets our return reuirements an "ill ;e .!ase out in

2015 A isi.line /ous on mar-ins results in a ;etter asset

.ort/olio an a /inanially stron-er om.any

*orl eonomi /ators ontinue to su..ort our e7.etation /or

sta;le -ol .ries in 2015 Stron- eman /or -ol /rom Asia an

eelo.in- eonomies aroun t!e "orl "ill su..ort eman "!ile "e

;eliee t!at -lo;al -ol .roution "ill remain /lat at ;est

Een in t!e urrent -ol .rie enironment, Golor.@s stron-,

inestment+-rae ;alane s!eet, ost .ro/ile an .roution -ro"t!

leae us "ell+.ositione /or lon-+term suess

*it! res.et to t!e %erro Ne-ro mine in Ar-entina t!e Ar-entine-oernment ontinues to su..ort arious ations an .ro-rams aime

at onserin- its /orei-n e7!an-e reseres, inluin-


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restritions on im.ortation o/ -oos an series an limitations

on t!e e7!an-e o/ Ar-entine .esos into US ollars T!e /inanial

onseuenes o/ t!ese .ro-rams as "ell as t!e ontinuin-

in/lationary enironment in t!e ountry are ne-atiely im.atin-

o.erations at t!e %erro Ne-ro mine Aitionally, t!e marBet

aluations o/ /uture e7.loration .otential !ae eline%onurrent "it! t!e elaration o/ ommerial .roution, t!e

%om.any is onutin- an im.airment test o/ its %erro Ne-ro assets

to assess t!e /ull e//et o/ t!ese ations in li-!t o/ on-oin-

!allen-in- /isal onitions in Ar-entina Creliminary analysis

iniates an a/ter+ta7 asset im.airment !ar-e in t!e ran-e o/

a..ro7imately $2< to $26 ;illionin t!e /ourt! uarter T!e

%om.any e7.ets to om.lete its /inal im.airment analysis /or

inlusion in its /ourt! uarter earnin-s release

2015 Guidance

Golor. e7.ets to .roue ;et"een


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&n a -ol euialent ;asis


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sustaining costs of et!een $"00 and $"%5 per gold ounce.

**Marigold mine di&ested on 'pril (, 201(.

Canada

At 'e aBe in &ntario, 2015 -ol .roution is e7.ete to remain

near 201 leels as reue %am.;ell .roution more t!an o//setsne" .roution /rom %o!enour in a transitional year %onsistent

"it! t!e %om.any@s ontinue /ous on ma7imiFin- as! /lo" an

elimination o/ mar-inal oune .roution, remnant minin- in t!e

%am.;ell Fone is ;ein- .!ase out urin- 2015, ontri;utin- to

/oreast -ol .roution e7.ete at ;et"een 00,000 an 25,000

ounes E7.loration in 2015 "ill ontinue to /ous on t!e !i-!+

-rae IG Youn- isoery 'e!a;ilitation o/ t!e 1+eel aess in

t!e %am.;ell %om.le7 is e7.ete to ena;le iamon rillin- to

taBe .lae /rom uner-roun in t!e urrent uarter E7.loration"ill also ontinue in t!e Ii-! Grae one at e.t! an on /urt!er

testin- o/ Ii-! Grae one ee. o//sets rillin- "ill

aelerate in t!e ee.er .ortions o/ t!e %o!enour e.osit an

/rom t!e !aula-e ri/t to test ne" e7.loration tar-ets

At >l?onore in Mue;e, .roution /or 2015 is e7.ete to ;e

;et"een 20,000 an


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isoery An aess ri/t to .roie loser rillin- .lat/orms

/or *est im; e7.loration is ontinuin- "it! om.letion e7.ete

;y t!e t!ir uarter o/ 2015

Me(ic

CeDasuito is .ositione /or a stron- year as minin- in t!e !i-!er

-rae .ortion o/ t!e CeDaso .it taBes .lae /ollo"in- a /irst

uarter !arateriFe ;y lo"er .roution an !i-!er osts as

minin- ommenes on a ne" .!ase !i-!er in t!e .it Croution

-uiane /or 2015 is e7.ete to ;e ;et"een 600,000 an 650,000

ounes &n a -ol euialent ;asis, .roution is e7.ete to

total ;et"een a..ro7imately 15 million to 14 million ounes

Croution e7.etations oer t!e ;alane o/ t!e /ie+year .erio

assume t!rou-!.ut o/ 115,000 tonnes .er ay T!e Nort!ern *ell

iel .roHet remains on traB to ;e om.lete mi+year "!i! is

e7.ete to meet t!e lon-+term "ater reuirements /or CeDasuito

T!e Cre+easi;ility Stuies /or t!e %onentrate Enri!ment Croess

(%EC# an Cyrite ea! Croess "ere essentially om.lete at t!e

en o/ 201 an are uner-oin- internal reie" T!e .reliminary

eonomi results ontinue to emonstrate t!e ro;ust eonomis o/

t!ese .roHets an t!eir .otential to si-ni/iantly inrease t!e

mine li/e at CeDasuito T!e t"o .roHets are ;ein- inte-rate as

t!ey enter t!e /easi;ility stuy .!ase, "!i! is e7.ete to

ommene ;y t!e en o/ t!e /irst uarter an ;e om.lete in early2014

n 2015, e7.loration at CeDasuito "ill ontinue to /ous on

e/inin- t!e !i-!+-rae ore o/ t!e o..er+-ol, sul.!ie+ri!

sBarn mineraliFation loate ;elo" an aHaent to urrent =ineral

'eseres =etallur-ial test "orB on t!e mineraliFation is

uner"ay Ne-otiations are ontinuin- ;et"een =inera CeDasuito

an aut!oriFe re.resentaties o/ t!e %erro Goro EHio an t!e

%om.any remains on/ient t!at a mutually ;ene/iial settlement o/

t!e lan laim "ill ;e rea!e

At t!e %amino 'oHo .roHet, loate a..ro7imately 50 Bilometres

/rom CeDasuito, t!e /ous o/ on-oin- .re+/easi;ility stuy "orB

!as s!i/te to t!e ealuation o/ t!e .roHet as a su..lemental ore

soure to t!e e7istin- CeDasuito /aility, in aition to a

small, stan+alone o7ie !ea. lea! .lant T!is a..roa! !as t!e

.otential to -enerate t!e !i-!est rate o/ return -ien t!e

si-ni/iantly lo"er a.ital osts ersus ;uilin- a se.arate

.roessin- /aility at %amino 'oHo

ue to t!e .ositie .re+/easi;ility stuy results /or t!e %EC an

Cyrite ea! .roHets, in om;ination "it! t!e reise a..roa! to


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t!e eelo.ment o/ %amino 'oHo, t!e /ous in 2015 "ill ;e on t!e

om.letion o/ a reise mine .lan /or CeDasuito t!at inor.orates

all t!ree .roHets oer t!e li/e o/ t!e mine T!e %om.any

;eliees t!at t!is reise mine .lan emonstrates stron- .otential

to si-ni/iantly inrease t!e alue o/ CeDasuito an materially

e7ten its mine li/eAt os ilos in Guerrero, =e7io, 2015 -ol .roution is /oreast

at ;et"een 245,000 an 20,000 ounes T!e /ous in 2015 "ill ;e

on t!e ontinue mana-ement o/ ommunity an seurity risBs in t!e

re-ion an t!e om.letion o/ a ne" li/e+o/+mine .lan to ma7imiFe

return on inestment %onstrution o/ t!e ne7t sta-e o/ t!e !ea.

lea! .a remains on traB /or om.letion in mi+2015 T!e

e7.loration .ro-ram "ill ontinue to /ous on in+/ill rillin- an

onersion o/ in/erre mineral resoures into reseres at El

OermeHal Nort! an in t!e uner-roun o.eration

Central and )uth *+erica

At %erro Ne-ro in t!e Santa %ruF .roine o/ Ar-entina, -ol

.roution is e7.ete to ;e ;et"een 25,000 an 65,000 ounes in

2015 T!e %erro Ne-ro mill !as ;een o.eratin- at its esi-n

t!rou-!.ut rate o/ ,000 tonnes .er ay an ommerial .roution

"as elare on January 1, 2015 %ommissionin- o/ t!e !i-!+

olta-e .o"er line ;y Trans.a !as resume a/ter t!e !oliay ;reaB

an is e7.ete to ;e om.lete ;y e;ruary, 2015, at "!i! time%erro Ne-ro "ill ;e onnete to t!e national -ri

=inin- is taBin- .lae at t!e EureBa ein in t!e u..er mine

!oriFon Croution minin- "ill ommene /rom t!e /irst !i-! -rae

sto.es at t!e =ariana %entral ein urin- t!e /irst uarter o/

2015 eelo.ment o/ t!e lo"er minin- !oriFon at EureBa is

.ro-ressin- an ram. eelo.ment at =ariana %entral is on traB to

aess t!e lo"er minin- !oriFon in t!e seon uarter o/ 2015

At t!e Cue;lo ieHo Hoint enture in t!e ominian 'e.u;li, /ull

esi-n t!rou-!.ut a.aity is antii.ate, leain- to e7.ete

-ol .roution o/ ;et"een 20,000 an 40,000 ounes in 2015 (on

a 09 ;asis# *orB "ill ontinue urin- t!e year on t!e

en!anement o/ o..er an siler reoeries

ollo"in- t!e %om.any@s /ourt!+uarter 201 eision to "it!ra"

t!e Enironmental m.at Stuy /or t!e El =orro o..er+-ol

.roHet in %!ile, .roHet atiities urin- 2015 "ill /ous on a

ne" eelo.ment .lan /or .roHet t!at meets Golor.@s inestment

return riteria T!e %om.any remains ommitte to ontinue.routie interation an en-a-ement "it! t!e aHaent

ommunities an re-ional aut!orities


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!inancial Guidance

A..ro7imately $50 million in as! at year+en, a remainin-

unra"n reit /aility o/ $11 ;illion an /oreast /ree as!

/lo" in 2015 are e7.ete to .roie t!e liuiity to /un t!e

%om.any@s urrent eelo.ment .lans %a.ital e7.enitures /or

2015 are /oreast to erease a..ro7imately 09 /rom 201, to;et"een $12 ;illion an $1 ;illion Si-ni/iant a.ital

e7.enitures in 2015 inlue a..ro7imately $2l?onore an

$5 million at %o!enour

%om.any+"ie e7.loration e7.enitures in 2015 are e7.ete to

total a..ro7imately $160 million, o/ "!i! a..ro7imately one t!ir

is e7.ete to ;e e7.ense Golor.@s .rimary /ous "ill remain

on t!e re.laement o/ reseres mine t!rou-!out t!e year an on

e7tenin- e7istin- tar-ets at ea! o/ its mines an .roHets

General an aministratie e7.ense is /oreast at $135 million

"!i! e7lues stoB o.tion e7.ense estimate at $5 million /or

t!e year T!e %om.any e7.ets its oerall e//etie ta7 rate to ;e

a..ro7imately


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10/12


11/12

onnotation t!ereo/

or"ar+looBin- statements are mae ;ase u.on ertain assum.tions

an ot!er im.ortant /ators t!at, i/ untrue, oul ause t!e

atual results, .er/ormanes or a!ieements o/ Golor. to ;e

materially i//erent /rom /uture results, .er/ormanes or

a!ieements e7.resse or im.lie ;y su! statements Su!statements an in/ormation are ;ase on numerous assum.tions

re-arin- .resent an /uture ;usiness strate-ies an t!e

enironment in "!i! Golor. "ill o.erate in t!e /uture,

inluin- t!e .rie o/ -ol, antii.ate osts an a;ility to

a!iee -oals %ertain im.ortant /ators t!at oul ause atual

results, .er/ormanes or a!ieements to i//er materially /rom

t!ose in t!e /or"ar+looBin- statements inlue, amon- ot!ers,

-ol .rie olatility, isre.anies ;et"een atual an estimate

.roution, mineral reseres an resoures an metallur-ialreoeries, minin- o.erational an eelo.ment risBs, liti-ation

risBs, re-ulatory restritions (inluin- enironmental re-ulatory

restritions an lia;ility#, atiities ;y -oernmental

aut!orities (inluin- !an-es in ta7ation#, urreny

/lutuations, t!e s.eulatie nature o/ -ol e7.loration, t!e

-lo;al eonomi limate, ilution, s!are .rie olatility,

om.etition, loss o/ Bey em.loyees, aitional /unin-

reuirements an e/etie title to mineral laims or .ro.erty

Alt!ou-! Golor. !as attem.te to ienti/y im.ortant /ators t!atoul ause atual ations, eents or results to i//er materially

/rom t!ose esri;e in /or"ar+looBin- statements, t!ere may ;e

ot!er /ators t!at ause ations, eents or results not to ;e as

antii.ate, estimate or intene

or"ar+looBin- statements are su;Het to Bno"n an unBno"n risBs,

unertainties an ot!er im.ortant /ators t!at may ause t!e

atual results, leel o/ atiity, .er/ormane or a!ieements o/

Golor. to ;e materially i//erent /rom t!ose e7.resse or

im.lie ;y su! /or"ar+looBin- statements, inluin- ;ut not

limite to: risBs relate to t!e inte-ration o/ auisitions8

risBs relate to international o.erations, inluin- eonomi an

.olitial insta;ility in /orei-n Hurisitions in "!i! Golor.

o.erates8 risBs relate to urrent -lo;al /inanial onitions8

risBs relate to Hoint enture o.erations8 atual results o/

urrent e7.loration atiities8 enironmental risBs8 /uture .ries

o/ -ol, siler, o..er, lea an Fin8 .ossi;le ariations in ore

reseres, -rae or reoery rates8 mine eelo.ment an o.eratin-

risBs8 aients, la;our is.utes an ot!er risBs o/ t!e minin-inustry8 elays in o;tainin- -oernmental a..roals or /inanin-

or in t!e om.letion o/ eelo.ment or onstrution atiities8


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risBs relate to ine;teness an t!e serie o/ su!

ine;teness, as "ell as t!ose /ators isusse in t!e setion

entitle esri.tion o/ t!e Ousiness K 'isB ators in

Golor.@s annual in/ormation /orm /or t!e year ene eem;er

Comunicado de Goldcorp sobre el ejercicio 2014

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Transcript of Comunicado de Goldcorp sobre el ejercicio 2014