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 March 2006
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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
COMPLETES ACQUISITION OF ELEONORE GOLD PROJECT
Vancouver,
BC, March 31, 2006
- Goldcorp Inc. (“Goldcorp”)(GG:NYSE; G:TSX) today
announced the completion of Goldcorp’s previously announced acquisition of the
Éléonore
gold project and Virginia Gold Mines Inc. (“Virginia”).
Virginia
shareholders overwhelmingly voted in favour of the
proposed arrangement to
receive 0.4 of a common share of Goldcorp and 0.5
of a common share of the new
Virginia Mines Inc. (“New Virginia”) for each outstanding common share of
Virginia.
“Éléonore
is a unique and significant property located in the
core of what Goldcorp
believes to be a promising new gold district in North
America so we are excited
to be moving forward with this project”, stated Ian Telfer, President and CEO of
Goldcorp.
Goldcorp
has also completed the previously announced amendment
of the Luismin silver
contract with Silver Wheaton Corp (“Silver Wheaton”), which increases the
minimum number of silver ounces to be delivered over
the 25 year contract period
to 220 million ounces and waives any capital expenditure
contributions
previously required to be paid by Silver Wheaton.
Goldcorp received 18 million
common shares and a US$20 million Promissory Note,
increasing Goldcorp’s
ownership to 62% of Silver Wheaton’s outstanding shares.
Goldcorp’s
acquisition of certain assets of Placer Dome Inc.
(“Placer Dome”) from Barrick
Gold Corporation (“Barrick”) is now expected to close in May 2006. Pursuant
to
the agreement with Barrick, the cash flows associated
with the Placer operations
being acquired subsequent to October 31, 2005 are
for the benefit of
Goldcorp.
Goldcorp
is the world’s lowest cost and fastest growing multimillion ounce
gold producer.
Annualized gold production in 2006 is expected to
be approximately 2 million
ounces at a cash cost of less than $150 per ounce,
and Goldcorp remains
unhedged. 2007 gold production is forecast to reach
almost 2.4 million ounces at
a cash cost of less than $175 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 the section entitled
“Description of the
Business - Risk Factors” in Goldcorp’s Annual Information Form for the year
ended December 31, 2005, available on www.sedar.com,
and
Form 40-F for the year ended December 31, 2005 on
file with the United States
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: March
31, 2006
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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 Director,
Legal
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