VANCOUVER, Jan. 15, 2013 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to announce the declaration of commercial production at the Pueblo Viejo mine in the Dominican Republic by Barrick Gold Corporation ("Barrick"), the mine operator. Pueblo Viejo is a joint venture between Goldcorp and Barrick, where Goldcorp is the 40% partner and Barrick is the 60% partner.
"We look forward to Pueblo Viejo's strong contribution to Goldcorp's portfolio in its first year of commercial production," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. "Pueblo Viejo is an important element of Goldcorp's growth profile in 2013 and beyond. Congratulations to the joint venture team on this important achievement."
Goldcorp's forecast share of 2013 gold production from Pueblo Viejo is expected to be between 330,000 and 435,000 ounces. In its first full five years of operation, Goldcorp's share of annual gold production is anticipated to be between 415,000 and 450,000 ounces.
Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
SOURCE Goldcorp Inc.