Goldcorp

Goldcorp Inc.
Company typeSubsidiary
TSX: NGT
IndustryGold Mining
Founded1994 (1994)
FounderRob McEwen
Headquarters,
Canada
Key people
Ian Telfer
(Chairman)
David Garofalo
(President and CEO)
ProductsGold
RevenueDecrease$3,510.00 million (2016)
Increase$369.00 million (2016)
Increase$162.00 million (2016)[1]
Total assetsIncrease$21.5 billion (2016)[2]
Number of employees
15,800 (2015)[3]
Websitegoldcorp.com

Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide,[4] engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included eleven mines in North and South America.[5]

In 2019, Goldcorp merged with Newmont Mining Corporation, the world’s second-largest producer of gold.[6]

In June 2016, Goldcorp was named one of Corporate Knights magazine's Best 50 Corporate Citizens in Canada.[7] In the same year, the company was also ranked among Canada's Top 100 Employers. Goldcorp has repeatedly been accused of harming the environment, livestock, and public health in multiple studies by advocacy groups and activists, contaminating areas with toxic heavy metals by its mining activities. These allegations have been denied by the company and none have been proven in a court of law.[8] The company's track record around transparency, policies and practices has improved[9] since a damning 2010 study accused the company of human rights violations.

  1. ^ Google Finance "Goldcorp Inc: Income Statement — 12 months ending 2016-12-31"
  2. ^ "Forbes Global 2000 2016", Forbes Magazine, May 25, 2016
  3. ^ "Company Profile for Goldcorp Inc (GG)". Retrieved January 13, 2015.
  4. ^ "Goldcorp - Our Workforce". goldcorp.com. Archived from the original on June 28, 2016. Retrieved September 26, 2016.
  5. ^ Goldcorp, Energy, Oil and Gas Magazine
  6. ^ The Canadian Press (January 14, 2019). "Newmont Mining to buy Goldcorp in huge gold merger". CBC News. Retrieved March 14, 2019.
  7. ^ "2016 Best 50 results | Corporate Knights". June 7, 2016. Retrieved September 26, 2016.
  8. ^ "Goldcorp Inc. - Dispelling the Myths of Marlin". www.goldcorp.com. Retrieved September 26, 2016.
  9. ^ "Goldcorp Inc. overall winner in 2015 for excellence in corporate reporting". www.cpacanada.ca. Retrieved September 26, 2016.

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