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together, creating sustainable value PORCUPINE TOUR June 9, 2016 Forward-Looking Statements 2 This presentation contains forward -looking statements, within the meaning of Section 27A of the United States Securities Act of 1933, as


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together, creating sustainable value

PORCUPINE TOUR

June 9, 2016

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TOGETHER, CREATING SUSTAINABLE VALUE | JUNE 2016

This presentation contains “forward-looking statements”, within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of applicable Canadian securities legislation, concerning the business,

  • perations 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 (as defined in slide 21) and Mineral Resources (as defined in slide 28) the realization of Mineral Reserve estimates, the timing and amount of estimated future production, costs of production, targeted cost reductions, capital expenditures, free cash flow, 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 words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will”, “occur”

  • r “be achieved” or the negative connotation thereof.

Forward-looking statements are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of Goldcorp to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Goldcorp will operate in the future, including the price of gold and other by-product metals, anticipated costs and ability to achieve goals. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, among others, gold and other by-product metals price volatility, discrepancies between actual and estimated production, mineral reserves and mineral resources and metallurgical recoveries, mining operational and development risks, litigation risks, regulatory restrictions (including environmental regulatory restrictions and liability), changes in national and local government legislation, taxation, controls or regulations and/or change in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which the Company does or may carry on business in the future, delays, suspension and technical challenges associated with capital projects, higher prices for fuel, steel, power, labour and other consumables, currency fluctuations, the speculative nature of gold exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees, additional funding requirements and defective title to mineral claims or property. Although Goldcorp believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Forward-looking statements are subject to known and unknown risks, uncertainties and other important 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 international operations including economic and political instability in foreign jurisdictions in which Goldcorp operates; risks related to current global financial conditions; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; environmental risks; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other by-product metals; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; risks related to the integration of acquisitions; accidents, labour disputes; delays in obtaining governmental approvals or financing or in the completion of development or construction activities and other risks of the mining industry, as well as those factors discussed in the section entitled “Description of the Business – Risk Factors” in Goldcorp’s most recent annual information form available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. 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

  • n forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. Except as otherwise indicated by Goldcorp, these statements do

not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of the Company’s operating environment. Goldcorp does not intend or undertake to publicly update any forward-looking statements that are included in this document, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Forward-Looking Statements

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Participants

PORCUPINE MINE

Brendan Zuidema – Mine General Manager Chris Osiowy – District Exploration Manager Don Burke – Open Pit Manager

CORPORATE

Wade Bristol – SVP, Operations, Canada & US Marc Lauzier – VP, Operational Support, Canada Lynette Gould – Director, Investor Relations

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The Golden Guide is PPE

“With everyone in our company using our Golden Guide to plan each task, job, or day

  • we will achieve a step change in our
  • verall safety performance.”

George Burns, COO

  • Golden Guide was mandatory PPE from

April 1, 2015

  • Take the time to fill out your pledge and

include a photograph of your loved ones

  • Everyone is responsible for their own safety,

as well as the safety of others, which means really being engaged in the field every day, speaking up when things aren't right, and looking out for our co-workers

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PGM Safety and Health

  • PGM saw a decrease in AIFR of 20% in 2015, climbing in early 2016 after Dome

announcement.

  • PGM became a “Tobacco Free” site May 31st, 2016 in partnership with the Porcupine Health

Unit

  • All employees do stretches before every shift.
  • New MRV 9000 Draeger Vehicle on site, only 2 in the world.
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Click to edit Master title style

6

Porcupine Camp

Ownership 100% Location Ontario, Canada 2016E production 250,000–275,000oz 2016E daily mill throughput 7,900tpd P&P gold reserves1 2.13moz M&I gold resources1 4.59moz Inferred gold resources1 1.64moz Current mine life 12 years 2016E exploration budget $11M

(1) Refer to Appendix A for further information on the reserves and resources

Declining production focusing on margins

  • Depleting low-grade stockpile and closure of Dome

underground

Asset optimization to maximize NAV

  • Hoyle Pond winze completed; will drive efficiency and

productivity improvements

  • Trade-off studies underway to optimize excess processing

capacity

Borden project

  • Maiden gold proven mineral reserve of 860,000 ounces

declared Dec. 31/15

  • Expected to enhance long-term economics of Porcupine

New neighbours

  • Potential to maximize value of camp
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2016 Tonnes and Ounces by Zone

Hoyle 13% Dome 11% Hollinger 53% Stockpiles 22% Hoyle 63% Dome 13% Hollinger 20% Stockpiles 4%

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Hoyle Pond Winze – Investing for the Long Term

  • Operational April 2016
  • Complete to a depth of 1700, but will allow access well below 2,000m
  • More efficient movement of personnel and material to the lower levels of

the mine

  • Increases hoisting capacity of ore and waste to number one shaft
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Hoyle Pond Mine

Sectional View of the Mine

Production Centroid

Production Centroid

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Operating for Excellence and Innovation

O4E UNDERWAY INNOVATION UNDER ANALYSIS IMPLEMENTATION OF CELL MINING

  • Improved accountability of work areas

OPTIMIZATION OF PASTE OPERATIONS

  • Upgrade paste facilities at Hoyle Pond, install

new infrastructure to improve reliability ENERGY MANAGEMENT IMPROVEMENTS

  • Ventilation on demand
  • Power conservation

MECHANIZED MINING & AUTOMATION OF HOYLE POND OPERATIONS

  • Tele-operated scoops & rock breaker from

surface

  • Automation of the 720 U/G Train system
  • Proposed autonomous truck haulage from

central ore pass to new winze

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Innovation

T E X T L I N E 2

17

#1 Shaft #1 Winze #2 Winze

720 Automated Tram 720 Level 1450- 1620 OP Planned 1390 Level Remote Operated Rock Breakers Proposed Autonomous Truck Haulage Tele Remote Scoop at Mine Bottom Main Decline Planned Main Ramp

Fan Automation

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Hoyle Pond: Exploration Overview 2016

Drill Program Legend

Active Future Complete

S1 S2

1180 Level 1370 Level 1580 Level 1660 Level 1680 DDH BAY

2# Winze

1600 Level

15,000m S veins 12,000m XMS vein 8,000m UM veins 7,000m Zep veins 42,000m Capital +15,000m Expense

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Liabilities Arising from Historic Mining

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Hollinger Pit

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Click to edit Master title style Borden Project

15

Acquired in March 2015

 Located 160 kilometers west of our Porcupine mine in Ontario  Planning for underground mine

Development Objectives

 Expand/strengthen community partnerships  Grow the resource through exploration  Obtain advanced exploration permit  Develop underground exploration access  Obtain bulk sample in 2018  Commence long-term permitting

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Borden Gold Project

Category Tonnes (Mt) Grade Au g/t Contained

  • unces

(Moz)

Probable 4.17 6.38 0.86 Total Proven & Probable 4.17 6.38 0.86 Indicated 2.61 5.81 0.49 Total M&I 2.61 5.81 0.49 Total Inferred 17.38 0.84 0.47

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Goldcorp Advantage

Delivering Shareholder Value

  • Focus on growing NAV per share
  • Decentralization and optimization targeted

to deliver $250 million in sustainable annual efficiencies by 2018

  • Reinvest free cash flow into robust internal

pipeline of projects, deleverage and pay sustainable dividend

  • Leverage exploration dollars with small

seed capital investments in junior companies

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Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained

mt g/t m oz mt g/t m oz mt g/t m oz

Alumbrera 37.5% 10.69 0.35 0.12 0.26 0.31 0.00 10.95 0.35 0.12 Borden 100.0%

  • 4.17

6.38 0.86 4.17 6.38 0.86 Camino Rojo 100.0%

  • 66.13

0.76 1.62 66.13 0.76 1.62 Cerro Blanco 100.0%

  • Cerro Negro

100.0% 5.02 10.58 1.71 10.00 9.17 2.95 15.02 9.64 4.66 Cochenour 100.0%

  • Dee

40.0%

  • 0.00

0.00 0.00 0.00 0.00 0.00 El Morro 50.0% 160.91 0.56 2.91 138.62 0.35 1.55 299.53 0.46 4.46 El Sauzal 100.0%

  • Éléonore

100.0% 4.17 6.49 0.87 24.15 5.76 4.48 28.32 5.87 5.35 Los Filos 100.0% 20.01 0.94 0.60 20.49 1.30 0.85 40.50 1.12 1.46 Marlin 100.0% 0.65 5.34 0.11 0.16 3.98 0.02 0.81 5.07 0.13 Musselwhite 100.0% 2.87 7.20 0.67 5.00 6.57 1.06 7.88 6.80 1.72 Noche Buena 100.0%

  • Peñasquito Heap Leach

100.0% 16.32 0.45 0.24 5.46 0.37 0.07 21.78 0.43 0.30 Peñasquito Mill 100.0% 398.28 0.58 7.48 188.40 0.39 2.39 586.68 0.52 9.87 Porcupine 100.0% 8.38 2.58 0.69 35.43 1.26 1.44 43.82 1.51 2.13 Pueblo Viejo 40.0% 37.02 2.97 3.53 25.57 2.97 2.44 62.58 2.97 5.97 Red Lake 100.0% 1.24 12.84 0.51 5.86 8.31 1.57 7.10 9.10 2.08 San Nicolas 21.0%

  • Totals

665.55 0.91 19.44 529.71 1.25 21.28 1,195.27 1.06 40.73 Proven and Probable Gold GOLDCORP MINERAL RESERVES Proven Probable As of December 31, 2015

Appendix A: Reserves and Resources

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Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained

mt g/t m oz mt g/t m oz mt g/t m oz mt g/t m oz

Alumbrera 37.5% 51.19 0.34 0.55 18.11 0.39 0.23 69.30 0.35 0.78 22.50 0.33 0.24 Borden 100.0%

  • 2.61

5.81 0.49 2.61 5.81 0.49 2.09 5.49 0.37 Camino Rojo 100.0%

  • 234.24

1.00 7.53 234.24 1.00 7.53 17.38 0.84 0.47 Cerro Blanco 100.0%

  • 2.05

12.69 0.84 2.05 12.69 0.84 0.75 9.34 0.23 Cerro Negro 100.0% 1.35 4.99 0.22 5.53 5.97 1.06 6.88 5.78 1.28 2.17 7.19 0.50 Cochenour 100.0%

  • 4.16

16.36 2.19 Dee 40.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 El Morro 50.0% 9.90 0.53 0.17 36.28 0.38 0.44 46.18 0.41 0.61 339.03 0.30 3.23 El Sauzal 100.0%

  • 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Éléonore 100.0% 0.94 6.84 0.21 3.65 5.14 0.60 4.58 5.49 0.81 9.97 7.11 2.28 Los Filos 100.0% 81.57 0.88 2.31 276.31 0.83 7.34 357.88 0.84 9.65 141.04 0.80 3.62 Marlin 100.0% 0.27 4.25 0.04 0.22 4.28 0.03 0.49 4.26 0.07 0.06 5.93 0.01 Musselwhite 100.0% 0.23 5.76 0.04 1.60 6.04 0.31 1.83 6.00 0.35 5.93 5.82 1.11 Noche Buena 100.0%

  • 52.88

0.37 0.63 52.88 0.37 0.63 4.30 0.22 0.03 Peñasquito Heap Leach 100.0% 12.60 0.18 0.07 34.95 0.16 0.18 47.54 0.17 0.26 0.57 0.31 0.01 Peñasquito Mill 100.0% 94.47 0.28 0.86 150.86 0.28 1.34 245.33 0.28 2.20 19.49 0.30 0.19 Porcupine 100.0% 21.80 1.38 0.97 81.20 1.39 3.62 103.00 1.39 4.59 13.85 3.69 1.64 Pueblo Viejo 40.0% 4.49 2.51 0.36 60.76 2.45 4.79 65.25 2.46 5.15 1.56 1.96 0.10 Red Lake 100.0% 1.24 21.88 0.87 2.48 17.60 1.40 3.71 19.02 2.27 3.45 19.86 2.20 San Nicolas 21.0%

  • 19.26

0.46 0.28 19.26 0.46 0.28 2.28 0.26 0.02 Totals 280.03 0.74 6.67 982.98 0.98 31.11 1,263.01 0.93 37.78 590.55 0.97 18.42 GOLDCORP MINERAL RESOURCES Measured Indicated Measured & Indicated Inferred Gold As of December 31, 2015

Appendix A: Reserves and Resources (continued)

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Scientific and technical information contained in this presentation was reviewed and approved by Gil Lawson, P.Eng., Vice-President, Geology and Mine Planning for Goldcorp, and a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) For additional information on the 2015 mineral reserves and mineral resources (“MRMR”), refer to the MRMR tables that can be found at www.goldcorp.com Goldcorp December 31, 2015 Mineral Reserve and Mineral Resource Reporting Notes: 1 All Mineral Reserves or Ore Reserves have been estimated in accordance with the CIM Definition Standards or the JORC Code. The JORC Code has been accepted for current disclosure rules in Canada under NI 43-101. Subject to note 4 below, all Mineral Reserves, Ore Reserves and Mineral Resources set out in the tables above have been reviewed and approved by Gil Lawson, P.Eng., Vice President of Geology and Mine Planning, Goldcorp, who is a qualified person as defined under National Instrument. 2 All Mineral Resources are reported exclusive of Mineral Reserves. 3 Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. 4 Mineral Reserves and Mineral Resources are reported as of December 31, 2015, with the following conditions or exceptions: 1 Reserves and Resources for Pueblo Viejo are as per information provided by Barrick Gold Corporation. 2 Reserves and Resources for Relincho and San Nicolas are as per information provided by Teck Resources Limited. 3 Reserves and Resources for Alumbrera are as per information provided by Glencore plc. 5 Mineral Reserves are estimated using appropriate recovery rates and US$ commodity prices of $1,100 per ounce of gold, $16.50 per ounce of silver, $2.75 per pound of copper, $0.90 per pound of lead, and $0.95 per pound of zinc, unless otherwise noted below: 1 Alumbrera $1,095/oz gold, $2.54/lb copper 2 El Morro $1,200/oz gold 3 Pueblo Viejo $1,000/oz gold for the next five years, and a long-term gold price of $1,200/oz from 2021 onwards, $16.50/oz silver, $3.00/lb copper 4 Relincho $13.70/lb molybdenum, $2.80/lb copper 6 Mineral Resources are estimated using US$ commodity prices of $1,300 per ounce of gold, $19 per ounce of silver, $3.25 per pound of copper, $1.00 per pound of lead and $1.00 per pound of zinc, unless otherwise noted below: 1 Alumbrera $1,100/oz gold, $2.95/lb copper 2 El Morro $1,200/oz gold, $2.75/lb copper 3 Pueblo Viejo $1,300/oz gold, $17.50/oz silver, $3.25/lb copper 4 Relincho $13.70/lb molybdenum, $2.80/lb copper 5 San Nicolas $1,275/oz gold, $22.50/oz silver, $2.75/lb copper, $1.00/lb zinc

Appendix A: Reserves and Resources (continued)

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TOGETHER, CREATING SUSTAINABLE VALUE | JUNE 2016 Cautionary Note Regarding Reserves and Resources: Scientific and technical information contained in this news release was reviewed and approved by Gil Lawson, P.Eng., Vice-President, Geology and Mine Planning for Goldcorp, and a “qualified person” as defined by Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”). All Mineral Reserves and Mineral Resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) and NI 43-101, or the AusIMM JORC equivalent. All Mineral Resources are reported exclusive of Mineral Reserves. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. Information of data verification performed on the mineral properties mentioned in this press release that are considered to be material mineral properties to the Company are contained in Goldcorp’s most recent Annual Information Form and the current technical report for those properties, all available at www.sedar.com. Cautionary Note to United States investors concerning estimates of measured, indicated and inferred resources: This document has been prepared in accordance with the requirements of the Canadian securities laws which differ from the requirements of United States securities laws and uses terms that are not recognized by the United States Securities and Exchange Commission (“SEC”). The terms “Mineral Reserve”, “Proven Mineral Reserve” and “Probable Mineral Reserve” are Canadian mining terms as defined in accordance with the CIM Definition Standards adopted by CIM Council on May 10, 2014 (the “CIM Definition Standards”) which were incorporated by reference in NI 43-101. These definitions differ from the definitions in SEC Industry Guide 7 (“SEC Industry Guide 7”) under United States securities laws. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. In addition, the terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. United States investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into

  • reserves. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence and their economic and legal feasibility. A significant amount of exploration

must be completed in order to determine whether an Inferred Mineral Resource may be upgraded to a higher category. Under Canadian regulations, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. United States investors are cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations if such disclosure includes the grade or quality and the quantity for each category of Mineral Resource and Mineral Reserve; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this presentation containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

Appendix A: Reserves and Resources (continued)

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Trading Symbols NYSE: GG; TSE: G Investor relations 1-800-567-6223 info@goldcorp.com