Goldcorp 2013 Gold Production Rise 11% - Quick Facts

(RTTNews) - Goldcorp Inc. (GG, G.TO) announced gold production of 767,700 ounces in the fourth quarter, resulting in 2013 gold production of 2.67 million ounces, an increase of 11 percent over 2012.

Goldcorp forecast 2014 gold production to grow approximately 13-18 percent to between 3.0 and 3.15 million ounces. The company said higher gold production will be driven by increasing grades at Peñasquito as mining progresses deeper into the Peñasco pit, and by the continued ramp-up at Pueblo Viejo.

Further, the company said gold production forecast to increase by approximately 50 percent over the next two years.

In addition, the company expects silver production to show very strong growth with 2014 production forecast at between 34 and 36 million ounces, including approximately 22 to 25 million ounces at Peñasquito. Zinc production is expected to be between 315 and 325 million pounds and lead production is forecast between 135 and 145 million pounds. Copper production is forecast between 88 and 93 million pounds.