Goldcorp

Goldcorp Inc.

Type	Public
Traded as	: G : GG S&P/TSX 60 component
Industry	Gold Mining
Founded	1994; 23 years ago (1994)
Headquarters	Vancouver, British Columbia, Canada
Key people	David Garofalo (CEO) Ian Telfer, Chairman of the Board and Director
Products	Gold
Revenue	$4,375.00 million (2015)
Operating income	$-4,863.00 million (2015)
Net income	$-4,158.00 million (2015)
Total assets	$21.43 billion (2015)
Number of employees	15,800 (2015)
Website	www.goldcorp.com

Goldcorp is a gold producer headquartered in Vancouver, British Columbia, Canada. The company employs about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets include four mines in Canada, two mines in Mexico, and four in Central and South America. As of the third quarter of 2014, Goldcorp was the world's fourth-largest producer of gold.

In June 2016, Goldcorp was named one of Corporate Knights magazine's Best 50 Corporate Citizens in Canada. In the same year, the company was also ranked among Canada's Top 100 Employers. Goldcorp has repeatedly been accused of harming the environment, livestock, and public health in multiple studies by advocacy groups and activists, contaminating areas with toxic heavy metals by its mining activities. These allegations have been refuted by the company and none of these allegations have been proved in a court of law. The company's track record around transparency, policies and practices has improved since a damning 2010 study accused the company of human rights violations.

Goldcorp’s operating assets include four mines in Canada, one mine in Mexico, and four in Central and South America. Goldcorp also has a number of projects including the Coffee, Cochenour and Borden projects in Canada, and NuevaUnión (formerly known as Project Corridor - 50% interest) in Chile.

In 2017 Goldcorp announced it had formed a 50/50 joint venture with Barrick Gold to consolidate the Maricunga Gold Belt in the Atacama Region of northern Chile. Goldcorp acquired the minority 25% interest held by Kinross Gold in Cerro Casale and 100% interest in the Quebrada Seca exploration project for US$250 million and a 1.25% royalty interest in favor of Kinross on 25% of gross revenues from payable metal from Cerro Casale and Quebrada Seca, with Kinross foregoing the first $10 million payable, a contingent payment of $40 million payable after a construction decision at Cerro Casale, and assumption of a $20 million obligation to Barrick payable on commercial production at Cerro Casale.

In April 2017 Goldcorp closed on the sale of its Los Filos gold mine Guerrero State, Mexico to Leagold Mining for US$350 million. The transaction included US$279 million in cash and $71 million in common shares of Leadgold. Goldcorp also nominated Russell Ball the Leagold's board of directors.