(All dollar amounts in United States dollars (US$))
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Toronto Stock Exchange: G
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New York Stock Exchange: GG
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VANCOUVER, Nov. 1 /CNW/ - GOLDCORP INC. (GG: NYSE; G: TSX) is pleased to declare its eleventh monthly dividend payment for 2010 of
$0.03 per share, which reflects the Company's announcement to double
the dividend on October 27, 2010. Shareholders of record at the close
of business on Friday, November 12, 2010 will be entitled to receive
payment of this dividend on Friday, November 19, 2010. Goldcorp has
paid a monthly dividend to its shareholders since 2003. Canadian
resident individuals who receive dividends from Goldcorp after 2005 are
entitled to an enhanced gross-up and dividend tax credit on such
dividends.
Pursuant to tax legislation enacted in 2007, Canadian resident
individuals who receive "eligible dividends" in 2006 and subsequent
years will be entitled to an enhanced gross-up and dividend tax credit
on such dividends. All dividends paid in 2006 and subsequent years by
Goldcorp Inc. are "eligible dividends" for this purpose.
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.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements", within the
meaning of the United States Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities legislation, concerning the
business, operations and financial performance and condition of
Goldcorp. Forward-looking statements include, but are not limited to,
statements with respect to the future price of gold, silver, copper,
lead and zinc, the estimation of mineral reserves and resources, the
realization of mineral reserve estimates, the timing and amount of
estimated future production, costs of production, capital expenditures,
costs and timing of the development of new deposits, success of
exploration activities, permitting time lines, hedging practices,
currency exchange rate fluctuations, requirements for additional
capital, government regulation of mining operations, environmental
risks, unanticipated reclamation expenses, timing and possible outcome
of pending litigation, title disputes or claims and limitations on
insurance coverage. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Goldcorp to be materially different from
those expressed or implied by such forward-looking statements,
including but not limited to: risks related to the integration of
acquisitions; risks related to international operations; risks related
to joint venture operations; actual results of current exploration
activities; actual results of current reclamation activities;
conclusions of economic evaluations; changes in project parameters as
plans continue to be refined; future prices of gold, silver, copper,
lead and zinc; possible variations in ore reserves, grade or recovery
rates; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in
the completion of development or construction activities, as well as
those factors discussed in the section entitled "Description of the
Business - Risk Factors" in Goldcorp's Annual Information Form for the
year ended December 31, 2009, available on www.sedar.com, and Form 40-F
for the year ended December 31, 2009 on file with the United States
Securities and Exchange Commission in Washington, D.C. Although
Goldcorp has attempted to identify important factors that could cause
actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Goldcorp does not
undertake to update any forwardlooking statements that are incorporated
by reference herein, except in accordance with applicable securities
laws.
%CIK: 0000919239