NEW YORK, July 8, 2002 (PRIMEZONE) -- Mr. Robert McEwan, CEO of Goldcorp, Inc. (NYSE:GG) (TSE:G), examines the core factors that are driving the gold market at the moment and explains how these factors are affecting Goldcorp in the current economic environment. After touching on gold hedging, he moves on to the exploration efforts within the industry. This leads in to his outlook on the industry in general and explains how he has gone against the industry and the dividends that these actions have paid.
Gold price projections and more importantly the factors that are driving the pricing are discussed. This is expanded into a broad focus and an explanation of the global markets and the factors that drive them.
Data mining of existing information in neglected areas is then examined and the manner in which the company hopes to capitalize on this new technology as well as improving the accuracy of its exploration efforts.
The interview is closed with an explanation of the recent share split and the advantages that Mr. McEwan hopes to give his shareholders through this split. This is followed by an explanation of the Company's unique $500,000 challenge where public individuals were invited to compete in choosing Goldcorp's exploration targets.
The interview can be heard at www.wallst.net
About Goldcorp, Inc.
In 2001, Goldcorp was the most profitable North American gold company, on a per share basis. Its Red Lake mine is believed to be the richest gold mine in the world. The company is in excellent financial condition, with no debt and positive-free cash flow and earnings. Goldcorp is North America's largest unhedged gold company, which allows its shareholders to participate fully in a rising gold price environment.
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