Goldcorp To Implement Human Rights Assessment Recommendations

VANCOUVER, BRITISH COLUMBIA, June 30, 2010 – GOLDCORP INC. today presented its initial response to the recently completed independent human rights assessment (HRA) prepared by On Common Ground Consultants Inc.

The report is the result of an eighteen month assessment of how the Marlin mine which is operated by Montana Exploradora de Guatemala, a wholly-owned subsidiary of Goldcorp, has affected human rights, and whether the Company has in place and is implementing effectively policies and procedures to mitigate the risks of potential conflicts with international human rights standards.

 

Goldcorp has begun a multi-phase process of developing and implementing business management practices that will ensure “broader due diligence for human rights” consistent with the Ruggie framework adopted by the United Nations Human Rights Council. As part of that process, Goldcorp is carefully considering each of the recommendations in the HRA report. Goldcorp has today provided its initial responses to the HRA recommendations and commits to provide regular updates regarding the status and progress toward implementation of the recommendations.  For the Company’s initial responses to the recommendations in the report, please visit www.goldcorp.com/operations/marlin/hria. The response includes details on how interested stakeholders can submit ideas, provide feedback, and monitor progress to ensure a transparent and collaborative process.

“The HRA report cites Goldcorp’s positive accomplishments in a number of areas, but we recognize that there are significant opportunities for improvement,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer. “While the implementation of industry best practices at Marlin is the immediate objective, we are undertaking this process with the goal of creating a comprehensive framework that addresses our activities everywhere we operate.  We are committed to integrating respect for human rights explicitly in Goldcorp’s business practices.”

Goldcorp believes that implementing the recommendations in the HRA will enable the Marlin Mine to be an even greater influence for positive economic and social growth in the municipalities of San Miguel Ixtahuacán and Sipacapa and for the continued professional and personal advancement of Marlin's nearly 2,000 Guatemalan employees. In addition, making respect for human rights an explicit component of our business process throughout the Company is essential to achieve Goldcorp’s commitment to contribute to the sustainable prosperity of the communities in we operate.

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