Goldcorp Inc.

Goldcorp Inc.

January 04, 2005 17:26 ET

Goldcorp Declares First Monthly Dividend Payment For 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GOLDCORP INC.

TSX SYMBOL: G
NYSE SYMBOL: GG

JANUARY 4, 2005 - 17:26 ET

Goldcorp Declares First Monthly Dividend Payment For
2005

TORONTO, ONTARIO--(CCNMatthews - Jan. 4, 2005) - (All dollar amounts in
United States dollars (US$))

GOLDCORP INC. (NYSE:GG)(TSX:G) is pleased to declare its first monthly
dividend payment for 2005 of $0.015 per share. Shareholders of record at
the close of business on Friday, January 14, 2005 will be entitled to
receive payment of this dividend on Friday, January 21, 2005.

Goldcorp's Red Lake Mine is the richest gold mine in the world. The
Company is in excellent financial condition: has NO DEBT, a Large
Treasury, positive Cash Flow and Earnings and pays a Dividend twelve
times a year! GOLDCORP is UNHEDGED and currently withholds one-third of
annual gold production in anticipation of higher gold prices. Goldcorp's
shares are listed on the New York and Toronto Stock Exchanges under the
trading symbols of GG and G, respectively and its options trade on the
American Stock Exchange (AMEX), the Chicago Board of Options Exchange
(CBOE) and the Pacific Stock Exchange (PCX) in the United States and on
the Montreal Exchange (MX) in Canada.



Corporate Office:

145 King Street West
Suite 2700
Toronto, Ontario
M5H 1J8


-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Goldcorp Inc.
    Ian J. Ball
    Investor Relations
    (416) 865-0326 or Toll Free: (800) 813-1412
    (416) 361-5741 (FAX)
    info@goldcorp.com
    www.goldcorp.com