VANCOUVER, March 11, 2019 /CNW/ - GOLDCORP INC. (TSX:
G, NYSE: GG) ("Goldcorp" or the "Company") announced today that it has consented to and fully supports the announced Nevada
Joint Venture between Barrick Gold Corporation ("Barrick") (NYSE:GOLD) (TSX:ABX) and Newmont Mining Corporation ("Newmont")
(NYSE: NEM). More information on the Nevada Joint Venture is available at www.newmont.com.
Goldcorp's board of directors continues to recommend that Goldcorp shareholders vote FOR the proposed plan of arrangement with
Newmont, as previously announced on January 14, 2019. More information on the proposed plan
of arrangement with Newmont and the special meeting of Goldcorp shareholders on April 4, 2019 is
available at www.goldcorp.com.
Goldcorp also welcomes the announcement that Barrick has agreed to withdraw its proposal to acquire Newmont.
About Goldcorp www.goldcorp.com
Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality
portfolio of mines.
Cautionary Note Regarding Forward-Looking Statements
This press release 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, the United States Private Securities
Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended
from time to time, and "forward-looking information" under the provisions of 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 relating to expected synergies and pre-tax Net Asset Value estimates of the Nevada Joint Venture;
the potential for additional Tier One assets; the expected impact on the value of Newmont's planned acquisition of Goldcorp; the
expected terms, timing and closing of the proposed transaction, including receipt of required approvals and satisfaction of other
customary closing conditions; estimates of future production, including expected annual production range and reserve base;
estimates of future capital expenditures; and expectations of future plans and benefits. 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 or comparable language of such words and phrases or statements
that certain actions, events or results "may", "could", "would", "should", "might" or "will", "occur" or "be achieved" or the
negative connotation thereof.
Forward-looking statements are necessarily based upon a number of factors and assumptions 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, 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, delays or failure to obtain
the required approvals; competitive responses to the announcement of the transaction; litigation or challenges to the proposed
transaction; changes to the current scientific and technical information; permitting, development, operations and expansion of
Barrick's, Newmont's and Goldcorp's operations and projects being consistent with current expectations and mine plans, including
without limitation receipt of export approvals; planning and integration assumptions; gold 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: the inherent uncertainty associated with financial or
other projections; the prompt and effective integration of Newmont's and Goldcorp's businesses; the ability to achieve the
anticipated synergies and value-creation contemplated by the proposed transaction and the Nevada Joint Venture; the risk
associated with Newmont's and Goldcorp's ability to obtain the approval of the proposed transaction by their shareholders
required to consummate the proposed transaction and the timing of the closing of the proposed transaction, including the risk
that the conditions to the transaction are not satisfied on a timely basis or at all and the failure of the transaction to close
for any other reason; the risk that a consent or authorization that may be required for the proposed transaction is not obtained
or is obtained subject to conditions that are not anticipated; the outcome of any legal proceedings that may be instituted
against the parties and others related to the arrangement agreement; unanticipated difficulties or expenditures relating to the
transaction, the response of business partners and retention as a result of the announcement and pendency of the transaction;
risks relating to the value of the Newmont's common stock to be issued in connection with the transaction; the anticipated size
of the markets and continued demand for Newmont's and Goldcorp's resources and the impact of competitive responses to the
announcement of the transaction; and the diversion of management time on transaction-related issues 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 on 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 disposition, monetization, merger,
acquisition, other business combination or other transaction 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 Goldcorp'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.
For further information please contact:
INVESTOR CONTACT
|
MEDIA CONTACT
|
Shawn Campbell
Director, Investor Relations
Telephone: (800) 567-6223
E-mail: info@goldcorp.com
|
Christine Marks
Director, Corporate Communications
Telephone: (604) 696-3050
E-mail: media@goldcorp.com
|
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SOURCE Goldcorp Inc.
View original content: http://www.newswire.ca/en/releases/archive/March2019/11/c0656.html