During a lengthy series of presentations at Goldcorp's Investor Day in Toronto Thursday, Goldcorp officials said Pueblo Viejo project financing will be completed this year, Peñasquito contracts will be finalized by year-end, and an internal feasibility report for the Éléonore Project will also be completed by year end.
A number of exploration priorities were highlighted, most prominently replacing existing reserves at each of Goldcorp's mines.
Charlie Ronkos, Goldcorp's vice president of exploration, told analysts and fund managers that the company is targeting a resource conversion to reserves of the High Grade Zone at Red Lake from the 4199 drift scheduled for completion this year.
The company has budgeted $21 million this year for Red Lake Trend targets this year.
Goldcorp officials are particularly excited about the Cochenour/Bruce Channel gold project, also in the Red Lake District. Goldcorp officials believe they may be able to access the lower Cochenour by 2012.
Ronkos said Cochenour has a significant budget and that it's full speed ahead on Cochenour in 2010.
Meanwhile, there's life yet in the former Placer Dome Musslewhite gold mine in northern Ontario, which Goldcorp officials described as having significant exploration potential, warranting a five-year investment to extend its mine life.
The Éléonore Property is host to the Roberto Deposit, a major new gold discovery situated within a relatively unexplored belt in the James Bay district of Northern Québec, Canada. Goldcorp hopes to complete geologic modeling and resource calculation at Éléonore to support an internal feasibility study this year.
Five million dollars has been budgeted to identify the size potential at Escobal and complete a scoping study this year, as $2 million has been allocated for exploration targets at the El Sauzal mine in Mexico. Another $6 million has been budgeted at the Los Filos mine in southern Mexico.
Goldcorp also intends to test El Quemado, Gallos Blancos and other targets near Peñasquito, which promises to become the biggest gold mine in Mexico.
In Nevada, the Marigold mine still offers exploration prospects, which will be the subject of a $5 million program this year.