Viacom Inc. VIAB

Goldcorp 2005 Earnings Up 460%!!!

[WeldonBacon]

This NR came out today. Those still in VIA could have a great day tomorrow. GOLDCORP ANNUAL EARNINGS INCREASE 460% to $286 MILLION Record Fourth Quarter Earnings of $102 Million (All figures are in US dollars unless stated otherwise) Vancouver, British Columbia – March 5, 2006 – GOLDCORP INC. (GG:NYSE; G:TSX) is pleased to announce its 2005 annual and fourth quarter results, highlights of which are: Record net earnings of $286 million ($0.91 per share) for 2005, an increase of 460% compared with $51 million ($0.27 per share) in 2004. Record fourth quarter net earnings of $102 million ($0.30 per share), compared to 2004 earnings of $15 million ($0.08 per share). 2005 gold production increased to 1,136,300 ounces (2004 – 628,000 ounces) and gold sales more than tripled to 1,344,600 ounces at a total cash cost of $22 per ounce (2004- 427,600 ounces at $115 per ounce). Fourth quarter gold sales of 307,300 ounces at a total cash cost of minus $73 per ounce, compared with 2004 sales of 113,800 ounces at a total cash cost of $127 per ounce. Operating cash flows for the year increased to $466 million, or $1.48 per share (2004 – $53 million, or $0.28 per share). Operating cash flows for the fourth quarter were $137 million, or $0.40 per share (2004 – $22 million, or $0.12 per share). Goldcorp will acquire certain Placer Dome assets from Barrick, and the Éléonore gold project in Quebec as a result of the transaction with Virginia Gold Mines; both of which are expected to close during April, 2006. Total gold production in 2006 from the combined Goldcorp and Placer assets on an annualized basis is expected to be approximately 2 million ounces at a total cash cost of less than $150 per ounce. Ian Telfer, President and Chief Executive Officer of Goldcorp, said, “The record breaking earnings and production results are indicative of the Company’s ability to deliver value through successful acquisitions. With the expected acquisition of Placer’s assets combined with organic growth, Goldcorp will remain the fastest growing, lowest cost multi-million ounce gold producer, with production expected to double from 2005 to 2007". A conference call will be held Monday, March 6 at 11:00 a.m. (ET) to discuss these results. You may join the call by dialing toll free 1-888-789-0089 or [phone] for calls from outside Canada and the US. The conference call will be recorded and you can listen to a playback of the call after the event by dialing 1-888-509-0081 or [phone]. A live and archived audio webcast will be available on the website at www.goldcorp.com. Click here to review Management Discussion Management’s Discussion and Analysis of Financial Condition and Results of Operations For the Year Ended December 31, 2005. For further information, please contact: Julia Hasiwar Director, Investor Relations Goldcorp Inc. Telephone: [phone] Fax: [phone] e-mail: [e-mail] website: www.goldcorp.com

[monsieur46]

Very good news indeed !!! This is what I was looking for when I decided to stay the course with G and VIA . Two great companies with very promising future ...... and their properties are located in CANADA a very friendly and safe country for mining companies !!!! If Newmont wants to grab G , it will have to pay the price ....

[WeldonBacon]

Good to see you still here, monsieur and hopefully some interesting fireworks today in G and VIA. Goldcorp has now become the go-to, large cap gold stock IMHO.