Goldcorp Pays First Monthly Dividend For 2009
Vancouver,British Columbia based Goldcorp Inc. has just announced its first monthly dividend payment of 2009 for its shareholders. The company will be paying a dividend of $0.015 per share to its shareholders. Goldcorp has been paying a monthly dividend to its shareholders since 2003. The shareholders who are on record on the close of business on Thursday, 15th January 2009 will be the ones to receive the payment of this dividend on 23rd January 2009.
The individual residents of Canadian origin who have been receiving dividend from Goldcorp Inc. since 2005 will be entitled to receive a superior gross up as well as dividend tax credit for this monthly dividend payment. Goldcorp Inc is based in Canada and has all its operations in American continent. The company is the third largest gold producer in the world and the premier low cost gold production company and esteemed to be one with the fastest rate of growth in the industry.
The company that started as a junior mining and development mining company in 1984 have grown this big and many a shareholders still believe that the best is yet to come. The company has many prestigious projects in the pipeline such as Eleonore mining project. The other flagship project of the company is Red Lake Mine project. The Goldcorp Inc was on a acquisition spree since 2006 taking over Wheaton River Minerals, Placer Dome and then Glamis Gold Company that have pushed into the top league.
The announcement of the Goldcorp Inc to pay first monthly dividend is a forward-looking statement. A forward-looking statement is given in respect to movement in the future prices of expensive metals like gold, silver, lead, zinc and copper. It is also given in respect to estimation and realization of mineral reserve estimates, estimated future production and its cost. Other important aspects also included in the forward-looking statement are the level of success achieved in exploration activities, development of new mines and reserves, additional capital requirement, disputes, claims and environmental risks.
All the forward-looking statements are subject to risks both known and unknown, even uncertain situations lead to variations in anticipated results. Hence, these can lead the Goldcorp's anticipated level of activity and achievements to be poles apart from what the forward-looking statements implied. The Goldcorp has attempted to identify the reasons that could lead its anticipated results to be materially different from the ones expressed in the announcement related to payment of dividend. These factors include the risks associated with joint venture operations and mergers & acquisitions.
Then there is risk associated with the exploration activities and reclamation activities. At times even the changes or fluctuations in the anticipated value and amount of ore reserves and grade are very significant role players in the forward-looking statements. Labor disputes, small accidents in the mines, and delay in obtaining approval from government and delay in obtaining finance for project are the other risk factors that Goldcorp Inc has identified.
Thus it should be clear to readers and shareholders that they should not put any reliance on such type of statements as they are all subject to last minute changes and the actual results at the final moment can be different from the ones anticipated.