Past year: ▼ 17%(11.89 – 18.53 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Mar 2019resource reserve update● Neutral
This is the supporting 6-K package for the Éléonore and Red Lake technical reports: a material change report, the reports themselves and consents from the qualified persons (the Red Lake report is effective Dec 31, 2018; the Éléonore report is dated Nov 30, 2018). The visible text is only consents and an exhibit index, with no reserve, production or financial figures.
4 Mar 2019resource reserve update● Neutral
Goldcorp announced it filed technical reports for its 100%-owned Éléonore and Red Lake mines. The release gives no reserve, production or cost figures, so the reports' findings are not known from this text.
25 Oct 2018drilling progress report● NeutralMajor
Goldcorp reported reserves as of June 30, 2018: proven and probable gold of 52.8 million ounces, slightly down from 53.5 million a year earlier, as additions at operated mines (notably Musselwhite 2.3Moz and a first Silica Cap estimate at Cerro Negro, 5.0Moz) essentially replaced depletion. Measured and indicated resources fell from 37.1 to 35.2 million ounces and inferred from 20.0 to 17.5 million, mainly from conversion to reserves. The company says its 20/20/20 plan (20% reserve growth by 2021) remains on track, having added 2.8 million ounces since 2017. Cochenour reserves more than doubled to 0.33Moz. Cerro Negro's Eastern District initial development is expected in 2019. This updates the 53.5Moz figure and the earlier 60Moz-by-2021 target; the filing speaks of 20% growth and does not restate 60Moz.
9 Aug 2018resource reserve update● Neutral
Goldcorp filed an updated technical report on its Peñasquito mine in Mexico, effective June 30, 2018, with consents from the three company-employed authors. The visible text is only the cover pages, qualified-person certificates and table of contents; no reserve, resource, production or cost figures appear in the excerpt, so the report's findings are not known from this text. Each author states he is not independent of Goldcorp.
26 Oct 2017drilling progress report▲ GoodMajor
Goldcorp reported its reserve and resource estimates as of June 30, 2017: proven and probable gold reserves rose 26% to 53.5 million ounces from 42.3 million a year earlier. The rise comes from 4.7 million ounces newly converted at Porcupine's Century project and 8.4 million ounces added from the Cerro Casale acquisition, net of sales such as Los Filos and Camino Rojo. The company says it is on track for 60 million ounces by 2021, following the 20 percent reserve-growth target set in Feb 2017. Century's pre-feasibility study shows a 14-year mine life and initial capex of US$950M to US$1,050M, with an optimized study due in H2 2018. Camino Rojo is removed from the estimates, and the sale is now expected to close in Q4 2017. Borden's 0.95 million ounces of reserves are now included in Porcupine, and Cochenour is expected to start production in 2019.
16 Feb 2017drilling progress report▲ Good
Goldcorp gave an exploration update on its 2016/2017 program, with drill results at Cerro Negro (Silica Cap), the Coffee project (Supremiato structure), Red Lake, Cochenour and Musselwhite. It unveiled a growth strategy to raise reserves 20% to 50 million ounces over five years, and said the 2017 exploration budget is currently targeted at $100 million. Cochenour drilling was described as generally as expected or better against the existing model, with an updated model due in Q1 2017 to help plan a starter mine. This is the first exploration report on Coffee since the Kaminak acquisition closed.
30 Mar 2016resource reserve update● Neutral
Goldcorp filed technical reports (effective Dec 31, 2015) for four of its operations: Cerro Negro (Argentina), Éléonore (Quebec), Peñasquito (Mexico) and Red Lake (Ontario), along with consents from the experts who prepared them. The visible text consists of expert certificates and consents; the truncated excerpt shows no reserve, production or cost figures, so nothing about the mines' numbers can be stated from it.
31 Mar 2014resource reserve update● Neutral
This 6-K furnishes two NI 43-101 technical reports with author consents: one on Pueblo Viejo (dated March 27, 2014, reserves and resources as of Dec 31, 2013, Barrick 60% / Goldcorp 40%) and one on the Éléonore project (effective Jan 26, 2014). The visible text says Pueblo Viejo reached commercial production in January 2013, expects ramp-up to full production in 2014, and has a 20-year reserve mine life; the reserve and resource figures are cut off in the text provided, so none are given here.
4 Mar 2013resource reserve update● Neutral
Goldcorp filed a technical report for its 100%-owned Los Filos mine in Mexico. The release says there are no material differences between the reserve and resource estimates in the report and those in its February 14, 2013 news release; no figures are given in this filing.
2 Apr 2012resource reserve update● NeutralMajor
Goldcorp furnished an independent technical report (dated March 16, 2012, by Roscoe Postle Associates) on Pueblo Viejo, the Dominican Republic project owned 60% by Barrick and 40% by Goldcorp, supporting reserve and resource figures as of December 31, 2011. The visible text describes a 24,000 tonne-per-day operation with two open pits (Moore and Monte Negro) and an 18-year mine life; the reserve, resource, capital cost and schedule figures are in the truncated part and are not stated here, so this does not show whether the 2011 tailings-damage start-up and capex concerns are resolved.
6 Apr 2011resource reserve update▲ GoodMajor
Goldcorp released the updated feasibility study for Cerro Negro (Argentina, acquired with Andean in December 2010). It plans 4,000 tonnes/day, about 550,000 oz/yr of gold over the first 5 years at cash costs under $200/oz, a roughly 12-year mine life, first gold in mid-2013 and total capital of about $750M (including $130M in 2011). Proven and probable gold reserves rise 100% to 4.3M oz, adding 2.2M oz to Goldcorp's total of 62.3M oz, plus 36.2M oz of silver. This delivers the feasibility update due end of Q1 2011 and builds on the February 9 resource news; the 2011 exploration budget is about $19M with 10 rigs. Mariana Central and Norte declines depend on permits expected in Q4 2011, and an update to the Environmental Impact Assessment will be presented to authorities.
10 Nov 2010drilling result▲ Good
Goldcorp released highlights of its 2010 drilling programme, reporting high-grade results at Red Lake, a growing Lynx zone at Musselwhite, new zones at Hoyle Pond (Porcupine), and a new manto deposit at Peñasquito. It also says it expects to grow gold reserves for a seventh straight year, and that a Cochenour initial resource is expected by year-end (sized for planning at 5 million oz). These are drilling results and company expectations, not confirmed reserve figures. This continues the year-end studies and Lynx, Cochenour and Noche Buena threads.
24 Nov 2009drilling progress report▲ Good
Goldcorp reported highlights of its $110 million 2009 exploration program, with positive drill results at Red Lake, Peñasquito's Noche Buena deposit, Porcupine's Hoyle Pond, Musselwhite, Los Filos, Éléonore, Marlin and Escobal. It says Cochenour/Bruce Channel (the Gold Eagle discovery from the earlier deal) is sized at 5 million mineable gold ounces for planning, with a study favouring a 5 km drift to the Red Lake mill. The Éléonore pre-feasibility study is due by year-end, and the Noche Buena link to the Canplats deal will be assessed after that deal closes (expected January 2010). These are drill results and plans, not reserve or production figures.
11 Dec 2006resource reserve update● NeutralMajor
Goldcorp filed a technical report dated November 17, 2006 on its Red Lake Gold Mines property in northern Ontario, covering the Red Lake and Campbell complexes. The excerpt shown is mostly the table of contents; it points to reserve and resource statements (Red Lake as of December 31, 2005, Campbell to September 2006), but the actual figures are not in the text provided.
