Goldcorp Achieves 2017 Production and Cost Guidance; 20/20/20 Plan on Track

Goldcorp (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) is pleased to report its preliminary gold production for the fourth quarter and full year 2017 of 646,000 and 2,569,000 ounces, respectively, exceeding the midpoint of gold production guidance of 2,500,000 ounces. All-in sustaining costs (“AISC”) for the full year are expected to be in line with the improved midpoint guidance of $825 per ounce. Goldcorp’s complete 2017 financial results will be released on February 14, 2018.
David Garofalo, President and CEO of Goldcorp, said:

“Since we restructured our business during the first half of 2016 to drive a culture of accountability and sound operating principles, we have delivered consistent, predictable and low-cost gold production. We are well underway to deliver on our 5-year plan of growing gold production and gold reserves by 20% and reducing AISC by 20% by 2021.
With the most robust growth pipeline among global senior gold companies, we are making an initial investment of $100 million in our long-term portfolio ‘Beyond 20/20’.  Together with an enhanced exploration budget of $125 million, the objective of Beyond 20/20 is to maximize the net asset value of our existing mines and projects by continuing to grow low-cost gold production from our growing gold reserves.”

Click here to read the full text release.