January 12, 2005
Toronto, January 12, 2005 – GOLDCORP INC. (GG:NYSE; G:TSX) is pleased to announce the engagement of Bear, Stearns & Co. Inc. as co-financial advisor with GMP Securities Ltd., to the company in connection with the company’s proposed acquisition of Wheaton River Minerals Ltd., the unsolicited proposal by Glamis Gold Ltd. or other potential transactions.
Goldcorp's Red Lake Mine is the richest gold mine in the world. The Company is in excellent financial condition: has NO DEBT, a Large Treasury, positive Cash Flow and Earnings and pays a Dividend twelve times a year! GOLDCORP is UNHEDGED and currently withholds one-third of annual gold production in anticipation of higher gold prices. Goldcorp's shares are listed on the New York and Toronto Stock Exchanges under the trading symbols of GG and G, respectively and its options trade on the American Stock Exchange (AMEX), the Chicago Board of Options Exchange (CBOE) and the Pacific Stock Exchange (PCX) in the United States and on the Montreal Exchange (MX) in Canada.
For further information, please contact: Corporate Office:
Ian J. Ball 145 King Street West
Investor Relations Suite 2700
Toronto, Ontario
Telephone: (416) 865-0326
Toll Free: (800) 813-1412 M5H 1J8
Fax: (416) 361-5741 website: www.goldcorp.com
e-mail: info@goldcorp.com