=Goldcorp (GG) to be acquired by Newmont Mining (NEM) for $10 bln

Goldcorp to be acquired by Newmont Mining (NEM) in a stock-for-stock transaction valued at $10 bln

Under the terms of the agreement, Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share, which represents a 17 percent premium based on the companies' 20-day volume weighted average share prices. Newmont Goldcorp's Reserves and Resources will represent the largest in the gold sector and will be located in favorable mining jurisdictions in the Americas, Australia and Ghana, representing approximately 75 percent, 15 percent and 10 percent, respectively. Newmont Goldcorp will also prioritize project development by returns and risk, while targeting $1.0 to 1.5 billion in divestitures over the next two years to optimize gold production at a sustainable, steady-state level of six to seven million ounces annually. Supported by stable, profitable long-term production and an investment-grade balance sheet, Newmont Goldcorp will generate robust free cash flow and have the financial flexibility to fund project development and exploration in the decades ahead.

• Newmont to acquire all outstanding Goldcorp equity at an exchange ratio of 0.3280 of a Newmont share and $0.02 for each Goldcorp share
• Goldcorp equity value of $10 billion, with premium, and enterprise value of $12.5 billion
• Newmont and Goldcorp shareholders will own approximately 65 percent and 35 percent of the combined entity, respectively

Goldcorp also reported gold production for the fourth quarter of 630,000 ounces, which was a 25% increase from the third quarter of 2018 and exceeded previously stated guidance. Production for the year ended 2018 was 2,294,000 ounces. All-in sustaining costs for the full year are expected to be at the revised guidance of $850 per ounce. Goldcorp's complete 2018 financial results will be released on February 13, 2019.

• NEM (31.82 -8.77%): Acquiring Goldcorp (GG) at a +17% premium in a stock-for-stock transaction valued at $10 bln; expects transaction to be immediately accretive to net asset value and cash flow per share and for it to generate up to $100 mln in annual pre-tax synergies; combined co, operating a project pipeline that spans four continents, will target $1.0-1.5 bln in divestitures during the next two years to optimize gold production at a sustainable, profitable, steady-state level of 6-7 mln ounces annually.

-=Goldcorp (GG) reported earnings on Wed 24 Oct 2018 (a/h)

Goldcorp misses by $0.09

• Reports Q3 (Sep) loss of $0.12 per share, $0.09 worse than the S&P Capital IQ Consensus of ($0.03). Gold production of 503,000 ounces at all-in sustaining costs of $999 per ounce, compared to 633,000 ounces at AISC of $827 per ounce for the three months ended September 30, 2017.
• Goldcorp's 20/20/20 plan continues on track to deliver 20% reserve growth by 2021. Goldcorp has increased reserve ounces by 2.8 million since beginning the 20/20/20 plan in 2017 and remains positioned to deliver 20% reserve growth by 2021. Goldcorp's proven and probable gold mineral reserves as of June 30, 2018 totaled 52.8 million ounces

-=Goldcorp (GG) reported earnings on Wed 14 Feb 2018 (a/h)

Goldcorp beats by $0.17 

• Reports Q4 (Dec) earnings of $0.28 per share, $0.17 better than the Capital IQ Consensus of $0.11.
• Gold production of 646,000 ounces at all-in sustaining costs of $870 per ounce, compared to 761,000 ounces at AISC of $747 per ounce for the fourth quarter of 2016. Gold production in 2017 exceeded the midpoint of the Company's gold production guidance of 2.5 million ounces, while AISC of $824 per ounce for 2017 was in line with the Company's improved midpoint guidance of $825(2) per ounce, reflecting the progress the Company has made on its sustainable efficiency program.

Goldcorp guides FY18 production; 20/20/20 plan remains unchanged

Goldcorp expects to produce 2.5 million ounces (+/- 5%) of gold in 2018 vs. 2.57 mln in 2017, in line with previous 2018 guidance. AISC are expected to decline further to ~$800 per ounce (+/- 5%) as the Company continues to realize savings from its program targeting $250 million of annual sustainable efficiencies.

The Company's 20/20/20 plan remains unchanged. As previously guided, gold production is expected to increase 20% to 3 million ounces by 2021. AISC are expected to decrease by 20% to approximately $700 per ounce over the same period driven by the ongoing focus on cost efficiencies and productivity improvements. Building on the successful conversion of 4.7 million ounces of gold mineral resources into mineral reserves at the Century project in 2017, gold mineral reserves are expected to increase by 20% to 60 million ounces by 2021 supported by the exploration potential and ongoing programs at Coffee, Norte Abierto, Cerro Negro and Pueblo Viejo.

=Goldcorp (GG) reported earnings on Wed 25 Oct 2017 (a/h)

Goldcorp beats by $0.03; reaffirms 2017 guidance for gold production

• Reports Q3 (Sep) earnings of $0.13 per share, $0.03 better thanthe Capital IQ Consensus of $0.10. Gold production of 633,000 ounces at all-in sustaining costs ( of $827 per ounce, compared to 715,000 ounces at AISC of $812 per ounce for the third quarter of 2016.
• 2017 guidance reconfirmed for gold production of 2.5 million ounces (+/- 5%) and AISC of $825(2) per ounce (+/- 5%), previously improved from $850 per ounce, reflecting the progress the Company has made on its efficiency program. Program to implement $250 million of sustainable annual efficiencies by the middle of 2018 is on track with $200 million expected to be achieved in 2017 across our portfolio. More than 100% of the $250 million in efficiencies have been identified, with the program likely to be extended and the efficiency target increased, after the Company achieves its current target. Solid reserve growth and project execution enhances confidence in the Company's 20/20/20 growth plan.
• 2017 reserve and resource estimates and provides exploration update: Proven and Probable Gold Mineral Reserves Increased by 26% to 53.5 Million Ounces - on track to achieve a targeted 60 million ounces of gold reserves by 2021 as part of its 20/20/20 growth plan. Strong Portfolio of Exploration Projects, Led by Cerro Negro and Coffee, to Provide Pipeline of Opportunities for Continued Future Reserve Growth. At the Silica Cap vein, gold and silver mineralization has been confirmed over a strike length of more than 1,300m and vertical depths of 350m. At Coffee, the new AmeriKona zone is delineated over a 200m strike of mineralization, and is undergoing further drill testing to connect to the Kona North zone with the potential to form a 950m contiguous mineralized zone.