OREANDA-NEWS. GOLDCORP INC. (TSX: G, NYSE: GG) will host its annual Investor Day on Thursday, April 9, 2015 at 8:00am EDT.  The Company's senior management team will provide an update on its operating mines, including the ramp-ups of its two newest gold mines,

Cerro Negro in Argentina and ?l?onore in Canada. The management team will also discuss other value-enhancing organic opportunities within Goldcorp's project portfolio. 

In conjunction with the Investor Day, the Company announces gold production1 and preliminary all-in sustaining costs2 for the first quarter of 2015. Gold production for the period totaled 724,800 ounces.  The final calculation of capital and operating costs has not yet been completed; all-in sustaining costs for the first quarter of 2015 are expected to be approximately \$900 per ounce.  Goldcorp's complete first quarter results will be released on April 30, 2015.

The Company today also re-confirmed 2015 guidance of between 3.3 million and 3.6 million ounces of gold and all-in sustaining costs of between \$875 and \$950 per ounce.  As previously reported, 2015 gold production is expected to be weighted to the second half of the year due primarily to the new mine ramp-ups and the planned mine sequence at Pe?asquito.

Mine-by-mine actual first quarter 2015 gold production is as follows:




Mine

Q1 2015A Production

2015 Guidance

Pe?asquito

155,600

700,000 – 750,000

Cerro Negro

92,600

425,000 – 475,000

Pueblo Viejo (40.0%)

90,000

420,000 – 460,000

Red Lake(a)

107,400

400,000 – 425,000

?l?onore

32,500

290,000 – 330,000

Porcupine

56,000

300,000 – 320,000

Los Filos

60,700

265,000 – 290,000

Musselwhite

57,200

250,000 – 270,000

Marlin

45,300

160,000 – 175,000

Alumbrera (37.5%)

16,100

75,000 – 85,000

Wharf(b)

11,400

11,400

Total

724,800

3,300,000 – 3,600,000

(a) Cochenour included in Red Lake 2015 production guidance
(b) Wharf divested on February 20, 2015. 

About Goldcorp

Goldcorp is one of the world's fastest growing gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.

  1. The Company has included non-GAAP performance measures on an attributable basis (Goldcorp share) throughout this press release.  Attributable performance measures include the Company's mining operations and projects and the Company's share from Alumbrera and Pueblo Viejo. The Company believes that disclosing certain performance measures on an attributable basis is a more accurate measurement of the Company's operating and economic performance and reflects the Company's view of its core mining operations. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, the Company and certain investors use this information to evaluate the Company's performance and ability to generate cash flow. However these performance measures do not have any standardized meaning. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.  The amounts disclosed also include the results of the Company's discontinued operation, Wharf.
  2. The Company has included all-in sustaining cash cost per gold ounce as a non-GAAP performance measure that the Company believes more fully defines the total costs associated with producing gold. All-in sustaining costs include by-product cash costs, sustaining capital expenditures, corporate administrative expense, exploration and evaluation costs and reclamation cost accretion. As the measure seeks to reflect the full cost of gold production from current operations, new project capital is not included in the calculation. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The Company reports this measure on a sales basis.