Toronto, February 21, 2005 – GOLDCORP INC. (GG: NYSE; G: TSX) announced today that reserve and resource estimations for the year-ended December 31, 2004 continued to grow for the fourth consecutive year! The power of the Red Lake Mine was demonstrated in January 2005 when during the month production was 54,866 ounces of gold, one of the highest monthly production results from the mine to date. The reserve and resource estimations were generated using a gold price of $375 per ounce and were independently audited by Watts, Griffis and McQuat, an internationally recognized geological consulting firm, based in Toronto, Ontario.
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