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Monday, January 13, 2014

BRIEF-Goldcorp comments on bid for Osisko, (TSE: G.TO), (NYSE: GG)

Goldcorp Inc : * CEO says views osisko's malartic asset as a "low-risk" mine * CEO sees potential cost synergies from acquisition of Osisko * CEO says offer for Osisko to officially commence on Tuesday, after takeover circular filed with regulators * CEO says malartic would potentially be one of goldcorp's biggest free cashflow generators, if acquisition succeeds * CEO says with malartic asset already in production, it makes it an idealacquisition * CEO says company has not had any conversations with Osisko equity, debtholders ahead of going public with its offer * CEO says its discussions with Osisko management stopped late last year * Says strongly committed to retaining the company's current credit rating * CEO says focused on this acquisition for now, not looking at doing other

Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of G fell by 2.73% or $-0.69/share to $24.60. In the past year, the shares have traded as low as $21.87 and as high as $38.33. On average, 2960930 shares of G.TO exchange hands on a given day and today's volume is recorded at 3400820.

Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of GG fell by 2.35% or $-0.545/share to $22.64. In the past year, the shares have traded as low as $20.54 and as high as $38.61. On average, 7740490 shares of GG exchange hands on a given day and today's volume is recorded at 7049368.



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