🕐17.02.10 - 15:24 Uhr
Goldcorp Announces Sixth Consecutive Annual Increase In Gold Reserves
Toronto Stock Exchange: G New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
GOLDCORP ANNOUNCES SIXTH CONSECUTIVE ANNUAL INCREASE IN
GOLD RESERVES
VANCOUVER, BRITISH COLUMBIA, FEBRUARY 17, 2010 GOLDCORP INC.
(TSX: G, NYSE: GG) today announced that as of December 31, 2009 proven and probable gold reserves increased 5.3% to 48.8 million ounces and proven and probable silver reserves increased 4.2% to 1,300.0 million ounces.
Measured and indicated gold resources increased 3.2% to 22.7 million ounces in 2009 and measured and indicated silver resources increased 38.3% to 598.1 million ounces.
All increases are the result of Goldcorps successful organic growth programs and do not include any ounces acquired during the year.
Highlights include:
At Los Filos, a strong reserve increase in the Bermejal pit and a new gold reserve in the 4P area support plans for an efficient, integrated pit complex; the total increase amounts to over one million ounces.
Additional information in Peasquitos Chile Colorado has identified 790,000 ounces of new proven and probable reserves: of which 389,000 ounces are due to new information supporting higher expected recoveries of certain low-lead content material.
Recent exploration investment at Marigolds Red Dot area leads to 730,000 ounce reserve addition.
lonore gold resource continues to grow in scope and quality; a pre-feasibility study is nearly complete to advance development.
The recent Canplats and El Morro acquisitions are not included in these figures and are expected to further enhance total reserves and resources.
To read the complete news release, please see our web site at http://goldcorp.com/_resources/news_releases/2010-Feb-17-Reserves_Release.pdf
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