Goldcorp Inc. Appoints New Directors, Emphasizes Commitment to Corporate Governance

Strategic Insights -

Goldcorp Inc., a leading gold producer, has strengthened its board of directors by appointing two new members, Peter Dey and Beverly Briscoe. This move underscores the company's commitment to advancing corporate governance practices and improving its performance. The new directors bring extensive industry experience and expertise to the board, which is expected to enhance Goldcorp's decision-making processes and drive its growth trajectory.

Key Takeaways:

  • Peter Dey, a seasoned corporate executive, has been appointed as a new Director of Goldcorp Inc., effective June 16, 2006. He brings significant experience in corporate governance, having chaired the Toronto Stock Exchange Committee on Corporate Governance and developed global corporate governance standards as Vice-Chairman of the OECD Task Force on Board Room Practices.
  • Beverly Briscoe, a former President of Hiway Refrigeration Ltd., has also been appointed to the Board, effective April 19, 2006. She brings extensive industry experience, having held senior executive positions with Wajax Industries Ltd. and the Rivtow Group of Companies, and currently serves as Chair of the British Columbia Government's Industry Training Authority and President of the Boys and Girls Club of Greater Vancouver.
  • Goldcorp's President and CEO, Ian Telfer, welcomed the additions, stating that Briscoe and Dey bring "skill and experience to our Board and we look forward to working together as Goldcorp continues to evolve and grow."
  • Goldcorp is the world's lowest cost multi-million ounce gold producer, with annualized gold production in 2006 expected to be approximately 2 million ounces at a cash cost of US$125 per ounce.
  • The company has also issued a cautionary note regarding forward-looking statements, highlighting the risks associated with the mining industry, including accidents, labour disputes, and changes in project parameters.

Statistics:

  • Goldcorp's annualized gold production in 2006 is expected to be approximately 2 million ounces.
  • The company's cash cost of gold production in 2006 is expected to be US$125 per ounce.
  • Peter Dey holds a Master of Laws degree from Harvard University, a Bachelor of Laws Degree from Dalhousie University, and a Bachelor of Science degree from Queen's University.
  • Beverly Briscoe holds a Bachelor of Commerce degree from the University of British Columbia and is a chartered accountant.

Sources:

  • "Peter Dey Appointed to Goldcorp Inc.'s Board of Directors" - Goldcorp Inc.
  • "Beverly Briscoe Appointed to Goldcorp Inc.'s Board of Directors" - Goldcorp Inc.
  • CCNMatthews, June 19, 2006.
  • Comtex SmarTrend(SM) Alert, June 15, 2006.