Goldcorp Inc. | ||
(Translation of registrants name into English) | ||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GOLDCORP INC. |
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By: | /s/ Anna M. Tudela | |||
Name: | Anna M. Tudela | |||
Title: | Assistant Corporate Secretary and Manager, Legal | |||
Date: March 9, 2006
1. | Name and Address of Company | |
Goldcorp Inc. (Goldcorp) Waterfront Centre, Suite 1560, 200 Burrard Street Vancouver, British Columbia V6C 3L6 |
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2. | Date of Material Change | |
December 22, 2005 | ||
3. | News Release | |
A news release with respect to the material change referred to in this report was disseminated through CNN Matthews on December 22, 2005 and filed on the system for electronic document analysis and retrieval (SEDAR). | ||
4. | Summary of Material Change | |
Goldcorp announced that it has confirmed its previous agreement to acquire certain mining assets of Placer Dome Inc. (Placer Dome) from Barrick Gold Corporation (Barrick) upon successful completion of the friendly Barrick-Placer Dome transaction announced by Barrick and Placer Dome on December 22, 2005. | ||
5. | Full Description of Material Change | |
Goldcorp announced that it has confirmed its previous agreement to acquire certain mining assets of Placer Dome from Barrick upon successful completion of the friendly Barrick-Placer Dome transaction announced by Barrick and Placer Dome on December 22, 2005. The purchase price will be US$1.485 billion in cash. Subject to any required consents and governmental approvals, Goldcorp will acquire Placer Domes interest in the Campbell mine, the Porcupine JV and the Musselwhite JV in Ontario, as well as a 50% interest in the La Coipa gold/silver mine in Chile and a 40% interest in the Pueblo Viejo development project in the Dominican Republic. In order to fund the proposed acquisition, Goldcorp intends to use a portion of its current cash balances and existing credit facilities of over US$1.6 billion. |
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Cautionary Note Regarding Forward-Looking Statements | ||
This material change report 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 and copper, 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, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, 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 and copper; 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 (a) the section entitled Description of the Business Risk Factors in Goldcorps Form 40-F for the year ended December 31, 2004 on file with the Securities and Exchange Commission in Washington, D.C., and (b) the section entitled Description of the Business Risk Factors in Wheaton River Minerals Ltd.s Form 40-F for the year ended December 31, 2004 on file with the 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 forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. | ||
6. | Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102 | |
Not applicable. | ||
7. | Omitted Information | |
Not applicable. | ||
8. | Executive Officer | |
For further information contact Peter Barnes, Executive Vice President and Chief Financial Officer of Goldcorp at (604) 696-3000. |
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9. | Date of Report | |
December 22, 2005. |