Goldcorp Inc.

Goldcorp Inc.

October 24, 2005 09:15 ET

Goldcorp Added to S&P/TSX 60 Index-Canadian Equivalent to the S&P 500

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 24, 2005) - Goldcorp Inc. (TSX:G)(NYSE:GG) is pleased to announce that it has been added to the S&P/TSX 60 and 60 Capped Indices, effective as of the market open today.

The S&P/TSX 60 index is a large cap index for Canada, the Canadian equivalent of the S&P 500.

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Goldcorp is the world's lowest cost and fastest growing million ounce gold producer. Gold production in 2005 is expected to exceed 1.1 million ounces at a cash cost of less than US$60 per ounce. By 2007, gold production is projected to increase by 40% to over 1.6 million ounces. The company has no debt and no hedging.

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