Los Filos Exploration Success Leads to Increased Gold Production

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Goldcorp has announced 2010 gold production and provided production and cash cost guidance for the 2011 year.

The Los Filos mine in Guerrero Gold Belt, currently Mexico’s largest gold producer, will once again be a major contributor to Goldcorp’s overall production profile in 2011. Los Filos is forecast to increase production by 10% to 335,000 ounces.

Goldcorp’s continued exploration success at Los Filos is the key in supporting the potential for an eventual increase in the overall gold production.

Newstrike Capital holds the largest and most strategic mineral claims in the Guerrero Gold Belt, host to over 15 million NI43-101 ounces of gold in all categories, including Goldcorp’s Los Filos deposit and Torex Resources’ Morelos Project, a high grade 3.2 million ounces of  gold deposit.

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