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together, creating sustainable value ELEONORE TOUR May 16, 2016

together, creating sustainable · 6,488 4,858 6,588 5,440 3,357 4,528 4,880 Peak throughput (t ... Class Nbr DDH Drilling Spacing U/G Opening Measured 3 ± 15 m ± 15m Indicated 2

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together, creating sustainable value

ELEONORE TOUR

May 16, 2016

2

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

This presentation 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, or the United States Private Securities Litigation Reform Act of 1995 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 with respect to the future price of gold, silver, copper, lead and zinc, the

estimation of Mineral Reserves (as defined in slide 31) and Mineral Resources (as defined in slide 31) the realization of Mineral Reserve estimates, the timing and amount of estimated future production, costs of

production, targeted cost reductions, capital expenditures, free cash flow, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency

exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending

litigation, title disputes or claims and limitations on insurance coverage. 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 of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will”, “occur”

or “be achieved” or the negative connotation thereof.

Forward-looking statements are necessarily based upon a number of factors 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 and other by-product metals, 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, gold and other by-product metals 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: risks related to international operations including economic and political instability in foreign

jurisdictions in which Goldcorp operates; risks related to current global financial conditions; risks related to joint venture operations; actual results of current exploration activities; actual results of current

reclamation activities; environmental risks; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other by-product metals; possible

variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; risks related to the integration of acquisitions; accidents, labour disputes; delays in obtaining

governmental approvals or financing or in the completion of development or construction activities and other risks of the mining industry, 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 dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions 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 the Company’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.

Forward-Looking Statements

3

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Tour Agenda

Time Description

10:00 – 11:00am Arrive Éléonore – safety induction, presentation

11:30 – 1:30pm Underground tour - Horizon 3, stope and sill viewing

1:30 – 2:00pm Lunch

2:00 – 3:00pm Surface shop and Mill

3:30pm Depart for Éléonore airport

4:00pm Depart for Val d’Or & Montreal

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TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

The Golden Guide is PPE

“With everyone in our company using our

Golden Guide to plan each task, job, or day

- we will achieve a step change in our

overall safety performance.”

George Burns, COO

• Golden Guide was mandatory PPE from

April 1, 2015

• Take the time to fill out your pledge and

include a photograph of your loved ones

• Everyone is responsible for their own safety,

as well as the safety of others, which means

really being engaged in the field every day,

speaking up when things aren't right, and

looking out for our co-workers

5

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Participants

ÉLÉONORE MINE

Guy Belleau – MGM Éléonore

Andy Fortin – Process and Site Services Manager

Claude Laflamme – Accounting and Finance Manager

Daniel Guay – Human Resources and Communication Mgr

Dean Mills – Health and Safety Manager

Denis Fleury – Chief Engineer

Patrick Chabot – Mine Superintendent

Luc St-Arnaud – Operating for Excellence Manager

Martin Duclos – Sustainable Dev., Environment and CSR Mgr

Christine Beausoleil – Exploration Manager

Gertjan Bekkers – Technical Services Manager

Martin Perron – Geology Superintendent

CORPORATE

George Burns – EVP Chief Operating Officer

Wade Bristol – SVP, Operations, Canada & US

Marc Lauzier – VP, Operational Support, Canada

Lynette Gould – Director, Investor Relations

6

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Health & Safety

1.9

8

2.5

0

1.9

9

1.6

6

0.8

0.8

0.8

0.8

0.00

0.50

1.00

1.50

2.00

2.50

3.00

January February March April

All Injury Frequency Rate2016

Éléonore Target 2016

7

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Table of Contents

INAUGURATION

LOCATION / OVERVIEW

OPERATION RAMP-UP

EXPLORATION

OPERATING FOR EXCELLENCE

BUILDING PARTNERSHIPS

8

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Inauguration – July 31, 2015

9

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Inauguration – July 31, 2015

10

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Location

• 190 km East of Wemindji• 350 km North of Matagami

11

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Site Layout

12

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Click to edit Master title style 12

Exceptional asset

• Long underground mine life

• Innovative technology

• Plant ramp-up progressing to design of 7,000tpd, potential

upside

Mine optimization underway

• Dilution upside

• Folding and faulting accounted for; adjusting stope design

Significant new infrastructure in world-class region

• First mover advantage

• New camp with decades-long potential

12Éléonore Camp

Ownership 100%

Location Québec, Canada

2016E production 250,000–280,000oz

2016E daily mill throughput 4,900tpd

P&P gold reserves1 5.35moz

M&I gold resources1 0.81moz

Inferred gold resources1 2.28moz

Current mine life 12 years

2016E exploration budget $5M(1) Refer to Appendix E for further information on the reserves and resources

13

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

13Objectives - 2016

• Gold production

• 250,000 – 280,000oz

• 4,900 tpd from 4 mining horizons

• Increase gold recovery rate at the mill

• Optimize stope dilution

• Production shaft expected to be completed end of 2016

• Depending on development acceleration scenarios

• Eliminate hoisting from exploration shaft which will convert to ventilation

14

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Processing Flow Sheet Highlights

CRUSHING GRINDING

GRAVITY

FLOTATION

CYANIDATION

CYANIDATION

FILTRATION

PLANT

Sulphides Concentrate

REGRINDING

Overall gold

recovery of 92.5%

• Conventional circuit

• 7,000 tpd

• Gravity recovery 20%

15

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Production Zones

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TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Sill and Stope Mining

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TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Theoretical Representation of the Geological Complexity of the Resources

Indicated Shape

Stope limit

Updated Mine Shape

60% more tonnage

10% more ounces

25% less grade

Measured Shape (after development)

Modified Mine Shape

18

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Another Example of Geological Complexity

DDH

DDH DDH

19

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Mill Ramp-Up

Actual to Date

Sept-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16

Grade (g/t) 6.01 6.86 8.17 7.48 5.84 5.57 5.58

Recovery 80.33% 85.53% 90.36% 77.86% 86.37% 89.89% 91.27%

Ounces - Poured 34,088 22,416 48,270 34,216 22,972 18,481 25,238

Total Throughput (t) 194,642 150,608 197,633 168,645 104,082 131,311 151,271

Average daily

throughput (t/d)6,488 4,858 6,588 5,440 3,357 4,528 4,880

Peak throughput (t/d) 8,087 7,240 7,500 7,260 6,335 5,997 6,442

20

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Photos

21

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Photos

22

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Photos

23

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Photos

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TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Reserves and Resources

Category Tonnes (Mt) Grade Au g/t Contained

ounces

(Moz)

Measured 0.94 6.84 0.21

Indicated 3.65 5.14 0.60

Total M&I 4.58 5.49 0.81

Inferred 9.97 7.11 2.28

Category Tonnes (Mt) Grade Au g/t Contained

ounces

(Moz)

Measured 0.86 8.03 0.22

Indicated 4.33 6.00 0.83

Total M&I 5.19 6.34 1.06

Inferred 12.09 7.19 2.80

Category Tonnes

(Mt)

Grade Au

g/t

Contained

ounces

(Moz)

Proven

Probable

4.17

24.15

6.49

5.76

0.87

4.48

Total Proven & Probable 28.32 5.87 5.35

Category Tonnes

(Mt)

Grade Au

g/t

Contained

ounces

(Moz)

Proven

Probable

2.99

21.58

6.27

6.30

0.60

4.37

Total Proven & Probable 24.57 6.30 4.97

As of December 31, 2015As of December 31, 2014

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TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Long Section

494 zone

Deep

Projection

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TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Distribution of Resources by Class

Zone 494

Class Nbr

DDH

Drilling

Spacing

U/G Opening

Measured 3 ± 15 m ± 15m

Indicated 2 ± 30 m Not needed

Inferred 2 ± 60-70 m Not needed

27

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

T E X T L I N E 2

650m

elevation

920m

elevation

Actual Ramp location

1500m

elevation

(Looking West)

Production shaft fully

operational in Q4 2016

Exploration shaft

completed

Section 2015 Drilling Plan

Zone 494

Deep

Projection

28

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

3D Isometric View

29

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Operating for Excellence

DEVELOPMENT OPTIMIZATION

- Increased productivity

- Improved Planning

- Improved Dispatch Decision-Making

SAFE PRODUCTION IMPROVEMENT

- Increased scoop availability and mucking

performance

COST REDUCTION

- Backfill optimization

- Reduction of grinding media consumption

- Surface haulage optimization

IMPROVEMENT INITIATIVES IMPLEMENTED INNOVATION

AUTOMATION

- Material handling from stopes to processing

plant using automated scoop, chute & hoist

- Scoops, production drills and rock breaker

operated from surface

CONTROL AND MONITORING

- Personnel location

- Mobile equipment usage and conditions

- Ventilation on-demand

Operating for Excellence

30

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Automated Handling of Broken Rock from Stope to Surface

Automated Handling of Broken Rock from Stope to Surface

31

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Tonnage and Grade Profile

Tonnage and Grade Profile

32

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Recovered Ounces

Recovered Ounces

33

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Key Partnerships – Ensuring Alignment

Opinagow Collaboration Agreement

- Trust, collaboration and open communication

- Opportunities for the Cree and Goldcorp

- Alignment for financial success

34

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

34Goldcorp Advantage

Delivering Shareholder Value

• Focus on growing NAV per share

• Decentralization and optimization targeted

to deliver $250 million in sustainable annual

efficiencies by 2018

• Reinvest free cash flow into robust internal

pipeline of projects, deleverage and pay

sustainable dividend

• Leverage exploration dollars with small

seed capital investments in junior

companies

35

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

2015 Actual 2016 Guidance(1)

Gold production(2) (oz) 3.46M 2.8–3.1M

Cash costs(2) ($/oz)

All-in sustaining

By-product

$894

$605

$850–$925

$500–$575

Capital expenditures(2) $1.3B $800–$900M

Exploration expenditures(3) $162M $135M

Corporate administration(4) $152M $150M

Depreciation(2) ($/oz) $457 $390–$420

Tax rate 36% 40–45%(5)

(1) 2016 price assumptions: Au=$1,100/oz, Ag=$15.00oz, Cu=$2.53/lb, Zn=$0.80/lb, Pb=$0.80/lb(2) See Appendix E, notes 1, 2 and 3 for non-GAAP disclosure. Capital expenditure is on an accrued basis and excludes capitalized interest; also excludes projects not yet approved(3) Includes capitalized exploration, 50% of exploration expense is expected to be expensed(4) Effective tax rate on net income before stock-based compensation expense

Appendix A: 2016 Guidance

36

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

2015 Actual (oz) 2016E Guidance (oz)

Peñasquito 860,300 520,000–580,000

Cerro Negro 507,400 475,000–525,000

Pueblo Viejo (40%) 381,700 400,000–440,000

Red Lake 375,700 300,000–330,000

Éléonore 268,100 250,000–280,000

Porcupine 274,300 250,000–275,000

Musselwhite 270,300 240,000–260,000

Other(1) 526,600 380,000–440,000

TOTAL 3,464,400 2,800,000–3,100,000

(1) Other mines include Los Filos, Marlin and Alumbrera (37.5%), and for 2015 includes production from Wharf mine (divested Feb. 20, 2015)

Appendix B: Mine-by-Mine Guidance

37

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Base Price

Change

Increments

Operating Cash

Flow per Share(1)

All-In Sustaining

Costs ($/oz)(1)

Free Cash

Flow(1) ($M)

Gold price ($/oz) $1,100 $100 $0.30 $2 $288

Silver price ($/oz) $15.00 $3.00 $0.09 $31 $94

Copper price ($/lb) $2.55 $0.50 $0.03 $12 $29

Zinc price ($/lb) $0.80 $0.10 $0.03 $12 $40

Lead price ($/lb) $0.80 $0.10 $0.01 $5 $16

Canadian dollar 1.30 10% $0.08 $31 $105

Mexican peso 16.00 10% $0.03 $16 $55

(1) See Appendix E for footnotes

Appendix C: 2016 Sensitivities

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TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

25%

16%

7%7%

9%

17%

1%

4%

6%

8%

Labour Contractors Fuel CostsPower Maintenance Parts ConsumablesTires Explosives Site CostsOthers

Latin

America

40%

15%3%6%

10%

13%

1%3%

7% 2%19%

18%

9%

6%7%

20%

2%

4%

6%

9%18%

12%

10%

13%

17%

11%

2%

3%

6%8%

Consolidated Canada Associates and

Joint Ventures

Appendix D: 2016 Production Costs

39

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained

mt g/t m oz mt g/t m oz mt g/t m oz

Alumbrera 37.5% 10.69 0.35 0.12 0.26 0.31 0.00 10.95 0.35 0.12

Borden 100.0% - - - 4.17 6.38 0.86 4.17 6.38 0.86

Camino Rojo 100.0% - - - 66.13 0.76 1.62 66.13 0.76 1.62

Cerro Blanco 100.0% - - - - - - - - -

Cerro Negro 100.0% 5.02 10.58 1.71 10.00 9.17 2.95 15.02 9.64 4.66

Cochenour 100.0% - - - - - - - - -

Dee 40.0% - - - 0.00 0.00 0.00 0.00 0.00 0.00

El Morro 50.0% 160.91 0.56 2.91 138.62 0.35 1.55 299.53 0.46 4.46

El Sauzal 100.0% - - - - - - - - -

Éléonore 100.0% 4.17 6.49 0.87 24.15 5.76 4.48 28.32 5.87 5.35

Los Filos 100.0% 20.01 0.94 0.60 20.49 1.30 0.85 40.50 1.12 1.46

Marlin 100.0% 0.65 5.34 0.11 0.16 3.98 0.02 0.81 5.07 0.13

Musselwhite 100.0% 2.87 7.20 0.67 5.00 6.57 1.06 7.88 6.80 1.72

Noche Buena 100.0% - - - - - - - - -

Peñasquito Heap Leach 100.0% 16.32 0.45 0.24 5.46 0.37 0.07 21.78 0.43 0.30

Peñasquito Mill 100.0% 398.28 0.58 7.48 188.40 0.39 2.39 586.68 0.52 9.87

Porcupine 100.0% 8.38 2.58 0.69 35.43 1.26 1.44 43.82 1.51 2.13

Pueblo Viejo 40.0% 37.02 2.97 3.53 25.57 2.97 2.44 62.58 2.97 5.97

Red Lake 100.0% 1.24 12.84 0.51 5.86 8.31 1.57 7.10 9.10 2.08

San Nicolas 21.0% - - - - - - - - -

Totals 665.55 0.91 19.44 529.71 1.25 21.28 1,195.27 1.06 40.73

Proven and Probable

Gold

GOLDCORP MINERAL RESERVES

Proven Probable

As of December 31, 2015

Appendix E: Reserves and Resources

40

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained

mt g/t m oz mt g/t m oz mt g/t m oz mt g/t m oz

Alumbrera 37.5% 51.19 0.34 0.55 18.11 0.39 0.23 69.30 0.35 0.78 22.50 0.33 0.24

Borden 100.0% - - - 2.61 5.81 0.49 2.61 5.81 0.49 2.09 5.49 0.37

Camino Rojo 100.0% - - - 234.24 1.00 7.53 234.24 1.00 7.53 17.38 0.84 0.47

Cerro Blanco 100.0% - - - 2.05 12.69 0.84 2.05 12.69 0.84 0.75 9.34 0.23

Cerro Negro 100.0% 1.35 4.99 0.22 5.53 5.97 1.06 6.88 5.78 1.28 2.17 7.19 0.50

Cochenour 100.0% - - - - - - - - - 4.16 16.36 2.19

Dee 40.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

El Morro 50.0% 9.90 0.53 0.17 36.28 0.38 0.44 46.18 0.41 0.61 339.03 0.30 3.23

El Sauzal 100.0% - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Éléonore 100.0% 0.94 6.84 0.21 3.65 5.14 0.60 4.58 5.49 0.81 9.97 7.11 2.28

Los Filos 100.0% 81.57 0.88 2.31 276.31 0.83 7.34 357.88 0.84 9.65 141.04 0.80 3.62

Marlin 100.0% 0.27 4.25 0.04 0.22 4.28 0.03 0.49 4.26 0.07 0.06 5.93 0.01

Musselwhite 100.0% 0.23 5.76 0.04 1.60 6.04 0.31 1.83 6.00 0.35 5.93 5.82 1.11

Noche Buena 100.0% - - - 52.88 0.37 0.63 52.88 0.37 0.63 4.30 0.22 0.03

Peñasquito Heap Leach 100.0% 12.60 0.18 0.07 34.95 0.16 0.18 47.54 0.17 0.26 0.57 0.31 0.01

Peñasquito Mill 100.0% 94.47 0.28 0.86 150.86 0.28 1.34 245.33 0.28 2.20 19.49 0.30 0.19

Porcupine 100.0% 21.80 1.38 0.97 81.20 1.39 3.62 103.00 1.39 4.59 13.85 3.69 1.64

Pueblo Viejo 40.0% 4.49 2.51 0.36 60.76 2.45 4.79 65.25 2.46 5.15 1.56 1.96 0.10

Red Lake 100.0% 1.24 21.88 0.87 2.48 17.60 1.40 3.71 19.02 2.27 3.45 19.86 2.20

San Nicolas 21.0% - - - 19.26 0.46 0.28 19.26 0.46 0.28 2.28 0.26 0.02

Totals 280.03 0.74 6.67 982.98 0.98 31.11 1,263.01 0.93 37.78 590.55 0.97 18.42

GOLDCORP MINERAL RESOURCES

Measured Indicated Measured & Indicated Inferred

Gold

As of December 31, 2015

Appendix E: Reserves and Resources (continued)

41

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Scientific and technical information contained in this presentation was reviewed and approved by Gil Lawson, P.Eng., Vice-President, Geology and Mine Planning for Goldcorp, and a “qualified person”

as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”)

For additional information on the 2015 mineral reserves and mineral resources (“MRMR”), refer to the MRMR tables that can be found at www.goldcorp.com

Goldcorp December 31, 2015 Mineral Reserve and Mineral Resource Reporting Notes:

1 All Mineral Reserves or Ore Reserves have been estimated in accordance with the CIM Definition Standards or the JORC Code. The JORC Code has been accepted for current disclosure rules in

Canada under NI 43-101. Subject to note 4 below, all Mineral Reserves, Ore Reserves and Mineral Resources set out in the tables above have been reviewed and approved by Gil Lawson, P.Eng.,

Vice President of Geology and Mine Planning, Goldcorp, who is a qualified person as defined under National Instrument.

2 All Mineral Resources are reported exclusive of Mineral Reserves.

3 Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

4 Mineral Reserves and Mineral Resources are reported as of December 31, 2015, with the following conditions or exceptions:

1 Reserves and Resources for Pueblo Viejo are as per information provided by Barrick Gold Corporation.

2 Reserves and Resources for Relincho and San Nicolas are as per information provided by Teck Resources Limited.

3 Reserves and Resources for Alumbrera are as per information provided by Glencore plc.

5 Mineral Reserves are estimated using appropriate recovery rates and US$ commodity prices of $1,100 per ounce of gold, $16.50 per ounce of silver, $2.75 per pound of copper, $0.90 per pound of

lead, and $0.95 per pound of zinc, unless otherwise noted below:

1 Alumbrera $1,095/oz gold, $2.54/lb copper

2 El Morro $1,200/oz gold

3 Pueblo Viejo $1,000/oz gold for the next five years, and a long-term gold price of $1,200/oz from 2021 onwards, $16.50/oz silver, $3.00/lb copper

4 Relincho $13.70/lb molybdenum, $2.80/lb copper

6 Mineral Resources are estimated using US$ commodity prices of $1,300 per ounce of gold, $19 per ounce of silver, $3.25 per pound of copper, $1.00 per pound of lead and $1.00 per pound of

zinc, unless otherwise noted below:

1 Alumbrera $1,100/oz gold, $2.95/lb copper

2 El Morro $1,200/oz gold, $2.75/lb copper

3 Pueblo Viejo $1,300/oz gold, $17.50/oz silver, $3.25/lb copper

4 Relincho $13.70/lb molybdenum, $2.80/lb copper

5 San Nicolas $1,275/oz gold, $22.50/oz silver, $2.75/lb copper, $1.00/lb zinc

Appendix E: Reserves and Resources (continued)

42

TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

Cautionary Note Regarding Reserves and Resources:

Scientific and technical information contained in this news release was reviewed and approved by Gil Lawson, P.Eng., Vice-President, Geology and Mine Planning for

Goldcorp, and a “qualified person” as defined by Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-

101”). All Mineral Reserves and Mineral Resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum

(“CIM”) and NI 43-101, or the AusIMM JORC equivalent. All Mineral Resources are reported exclusive of Mineral Reserves. Mineral Resources which are not Mineral

Reserves do not have demonstrated economic viability. Information of data verification performed on the mineral properties mentioned in this press release that are

considered to be material mineral properties to the Company are contained in Goldcorp’s most recent Annual Information Form and the current technical report for those

properties, all available at www.sedar.com.

Cautionary Note to United States investors concerning estimates of measured, indicated and inferred resources: This document has been prepared in accordance with the

requirements of the Canadian securities laws which differ from the requirements of United States securities laws and uses terms that are not recognized by the United

States Securities and Exchange Commission (“SEC”). The terms “Mineral Reserve”, “Proven Mineral Reserve” and “Probable Mineral Reserve” are Canadian mining terms

as defined in accordance with the CIM Definition Standards adopted by CIM Council on May 10, 2014 (the “CIM Definition Standards”) which were incorporated by reference

in NI 43-101. These definitions differ from the definitions in SEC Industry Guide 7 (“SEC Industry Guide 7”) under United States securities laws. Under SEC Industry Guide 7

standards, a “final” or “bankable” feasibility study is required to report reserves or cash flow analysis to designate reserves and the primary environmental analysis or report

must be filed with the appropriate governmental authority.

In addition, the terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” are defined in and required to be

disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration

statements filed with the SEC. United States investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into

reserves. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence and their economic and legal feasibility. A significant amount of exploration

must be completed in order to determine whether an Inferred Mineral Resource may be upgraded to a higher category. Under Canadian regulations, estimates of Inferred

Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. United States investors are cautioned not to assume that all or any

part of an Inferred Mineral Resource exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian

regulations if such disclosure includes the grade or quality and the quantity for each category of Mineral Resource and Mineral Reserve; however, the SEC normally only

permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures.

Accordingly, information contained in this presentation containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public

by United States companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

Appendix E: Reserves and Resources (continued)

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Notes

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Notes

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Notes

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Notes

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TOGETHER, CREATING SUSTAINABLE VALUE | MAY 2016

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