Goldcorp Inc.

Goldcorp Inc.

March 02, 2005 15:22 ET

Goldcorp Declares Third Monthly Dividend Payment for 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GOLDCORP INC.

TSX SYMBOL: G
NYSE SYMBOL: GG

MARCH 2, 2005 - 15:22 ET

Goldcorp Declares Third Monthly Dividend Payment for
2005

TORONTO, ONTARIO--(CCNMatthews - March 2, 2005) -

(All dollar amounts in United States dollars (US$))

GOLDCORP INC. (G:TSX)(GG:NYSE) is pleased to declare its third monthly
dividend payment for 2005 of $0.015 per share. Shareholders of record at
the close of business on Monday, March 14, 2005 will be entitled to
receive payment of this dividend on Thursday, March 24, 2005.

Goldcorp is now the world's lowest cost, million ounce gold producer.
The acquisition of Wheaton River Minerals Ltd. has increased gold
production, gold reserves and resources and given us one of the fastest
growth curves in the industry. It has strengthened our already solid
balance sheet and lowered production costs per ounce even further. 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 completely UNHEDGED. 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