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 May 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 PLACER ASSETS FROM BARRICK
Vancouver,
BC, May 12, 2006
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Goldcorp Inc. announced
today that it has completed the acquisition of
four Placer Dome mines and other
agreed interests from Barrick Gold Corporation
for approximately US$1.6 billion.
The assets acquired include Placer Dome’s former interests in the Campbell mine,
the Porcupine and Musselwhite joint ventures
in Ontario, as well as a 50%
interest in the La Coipa gold/silver mine in
Chile and a 40% interest in the
Pueblo Viejo development project in the Dominican
Republic. Goldcorp used a
portion of its current cash balances and existing
credit facilities to fund the
acquisition.
The
proceeds from the early exercise of Goldcorp’s outstanding warrants (a maximum
of approximately US$480 million if all warrants
are exercised prior to June 9,
2006) will be used to repay credit facilities
drawn down to fund the
acquisition.
It
is
expected that this transaction will increase
Goldcorp’s 2006 annual gold
production by approximately 50% and increase
proven and probable gold reserves
by 72%.
“We
would
like to welcome our new employees from the Campbell
mine and the Musselwhite and
Porcupine joint ventures in Canada, as well as
those from the La Coipa mine in
Chile. Over the past several months, we have
worked closely with many of these
people to ensure a successful transition from
Placer,” said Ian Telfer,
President and CEO of Goldcorp. “We are a growing organization with talented
people, great assets and many exciting opportunities
to pursue.”
Goldcorp
is the world’s lowest cost multi-million ounce gold producer.
Annualized gold
production in 2006 is expected to be approximately
2 million ounces at a cash
cost of US$125 per ounce and the Company does
not hedge its gold
production.
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: May
12, 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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