FORM
6-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the
month of December 2005
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Goldcorp
Inc.
(Translation
of registrant's name into English)
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Suite
1560, 200 Burrard Street
Vancouver,
British Columbia V6C 3L6 Canada
(Address
of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual reports
under
cover Form 20-F or Form 40-F.
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Form
20-F
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....[ ].....
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Form
40-F
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....[X]....
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ____
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Note:Regulation
S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if
submitted solely to provide an attached annual report to security
holders.
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted
by Regulation S-T Rule 101(b)(7): ____
| Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
Indicate
by check mark whether by furnishing the information contained in this Form,
the
registrant is also thereby furnishing the information to the Commission
pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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Yes
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[
]
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No | [X] |
If
"Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
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Suite
1560 - 200 Burrard St.
Vancouver,
BC, V6C 3L6
Tel:
(604) 696-3000
Fax:
(604) 696-3001
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|
Toronto
Stock
Exchange: G
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New
York Stock Exchange:GG
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GOLDCORP
CONFIRMS AGREEMENT TO ACQUIRE PLACER ASSETS IN CONNECTION
WITH FRIENDLY BARRICK
- PLACER DOME TRANSACTION
Vancouver,
BC, December 22, 2005
-
Goldcorp Inc. (“Goldcorp”)(GG:NYSE; G:TSX) today announced that it has confirmed
its previous agreement to acquire certain mining assets
of Placer Dome Inc. from
Barrick Gold Corporation upon successful completion of
the friendly
Barrick-Placer Dome transaction announced today. The purchase
price will be
US$1.485 billion in cash. Subject to any required consents
and governmental
approvals, Goldcorp will acquire Placer Dome’s interest in the Campbell mine,
the Porcupine JV and the Musselwhite JV in Ontario, as
well as a 50% interest in
the La Coipa gold/silver mine in Chile and a 40% interest
in the Peublo Viego
development project in the Dominican Republic. In order
to fund the proposed
acquisition, Goldcorp intends to use a portion of its current
cash balances and
existing credit facilities of over US$1.6 billion.
“We
are
pleased that Barrick and Placer Dome have agreed to a friendly
transaction and
look forward to concluding the acquisition of the Campbell
mine and the
portfolio of other operating, development and exploration
assets.” said Ian
Telfer, President and CEO of Goldcorp. “We believe that the increased purchase
price is justified as a result of recent increases in gold
prices, the
exploration success at Red Lake announced by Placer Dome
on December 19, 2005
and additional synergies and tax efficiencies that we expect
to arise from a
friendly transaction. The recent discovery by Placer Dome
of high-grade zones at
the Campbell mine, including a down-dip extension of Goldcorp’s Red Lake High
Grade Zone validates Goldcorp’s view of the significant exploration potential at
the Red Lake camp.”
Goldcorp
is the world’s lowest cost and fastest growing million ounce gold producer.
As a
result of this transaction, gold production in 2006 is
expected to exceed 2.0
million ounces at a cash cost of approximately US$150 per
ounce.
Cautionary
Note Regarding Forward-Looking Statements
This
press release contains “forward-looking statements”, within the meaning of the
United States Private Securities Litigation Reform Act
of 1995 and applicable
Canadian securities legislation, concerning the business,
operations and
financial performance and condition of each of Goldcorp
Inc. Forward-looking
statements include, but are not limited to, statements
with respect to the
future price of gold, silver and copper, the estimation
of mineral reserves and
resources, the realization of mineral reserve estimates,
the timing and amount
of estimated future production, costs of production, capital
expenditures, costs
and timing of the development of new deposits, success
of exploration
activities, permitting time lines, currency exchange rate
fluctuations,
requirements for additional capital, government regulation
of mining operations,
environmental risks, unanticipated reclamation expenses,
title disputes or
claims and limitations on insurance coverage. Generally,
these forward-looking
statements can be identified by the use of forward-looking
terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state that
certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”,
“occur” or “be achieved”. Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that may
cause the actual
results, level of activity, performance or achievements
of Goldcorp and
Virginia, respectively, to be materially different from
those expressed or
implied by such forward-looking statements, including but
not limited to: risks
related to the integration of acquisitions; risks related
to international
operations; risks related to joint venture operations;
actual results of current
exploration activities; actual results of current reclamation
activities;
conclusions of economic evaluations; changes in project
parameters as plans
continue to be refined; future prices of gold, silver and
copper; possible
variations in ore reserves, grade or recovery rates; failure
of plant, equipment
or processes to operate as anticipated; accidents, labour
disputes and other
risks of the mining industry; delays in obtaining governmental
approvals or
financing or in the completion of development or construction
activities, as
well as those factors discussed in (a) the section entitled
“Description of the
Business - Risk Factors” in Goldcorp’s Form 40-F for the year ended December 31,
2004 on file with the Securities and Exchange Commission
in Washington, D.C. and
(b) the section entitled “Description of the Business - Risk Factors” in Wheaton
River Minerals Ltd.’s Form 40-F for the year ended December 31, 2004 on file
with the Securities and Exchange Commission in Washington,
D.C.,. 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. Goldcorp
does not undertake to
update any forward-looking statements that are incorporated
by reference herein,
except in accordance with applicable securities laws.
For
further information, please contact:
Julia
Hasiwar
Director,
Investor Relations
Goldcorp
Inc.
1560-200
Burrard Street
Vancouver,
British Columbia, V6C 3L6
Telephone:
(604) 696-3011
Fax:
(604) 696-3001
e-mail:
info@goldcorp.com
website:
www.goldcorp.com
Signature
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| GOLDCORP INC. | ||
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Date: December
22, 2005
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/s/
Anna M. Tudela
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Name: Anna M. Tudela |
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Title:
Assistant Corporate Secretary and Manager,
Legal
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