goldcorp - corporate update

July 2013 Corporate Update

STRATEGY.

DISCIPLINE.

EXECUTION.

FORWARD LOOKING STATEMENTS

This presentation contains “forward-looking statements”, within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp Inc. (“Goldcorp”). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes; delays in obtaining governmental approvals or financing or in the completion of development or construction activities and other risks of the mining industry, as well as those factors discussed in the section entitled “Description of the Business – Risk Factors” in Goldcorp’s annual information form for the year ended December 31, 2012 available at www.sedar.com. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcorp does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.

All amounts are in U.S. dollars, unless otherwise stated.

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CONSISTENT STRATEGIC FOCUS

Peer-Leading Balance Sheet

Responsible Mining

Practices

Low Political

Risk

TOGETHER CREATING

SUSTAINABLE VALUE

Quality Growth

Cost Management

S T R A T E G Y .

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FINANCIAL POSITION

E XC E L L E N T L I Q U I D I T Y

D I S C I P L I N E .

$3.4B L I Q U I D I T Y

$1.4B

$2.0B

CASH & EQUIVALENTS

(US$) as at Jun. 30, 2013

AVAILABLE DEBT FACILITY -

UNDRAWN

1 Moody’s: Baa2; S&P: BBB+; Fitch: BBB.

INVESTMENT GRADE BALANCE SHEET1

Outstanding Balance Sheet

4

MANAGING VOLATILE GOLD PRICES

P R I C E VO L AT I L I T Y

+ $1500 Continue strategy; focus on financial discipline

$1400 Continue funding growth projects Reduce exploration, G&A

C O N T I N G E N C Y P L A N N I N G

Defer capital projects at mines Slow spending at growth projects

Reconfiguration/shutdown of higher cost mines

Our Response Gold Price?

<$1200

5 D I S C I P L I N E .

“Its easy to succeed when prices are rising. How we manage adversity will set Goldcorp apart.”

We cannot count on rising metal prices to provide our margins -- we must dramatically increase our focus on financial discipline

We cannot simply accept rising costs – we must contain and reduce costs through improved mine planning, efficiency, productivity and innovation: Operating for Excellence

O4E is not the flavor of the month; it is critical to our long term success

We will not make a capital investment to simply sustain or add production – it must provide a strong financial return

2013 adjustments:

Capital spending reduction of $200M to $2.6B G&A reduced 10% to $164M; Exploration 11% to $200M

2014 Budget: Free Cash Flow in each year of 5-year plan for each mine

All of this must be accomplished safely! D I S C I P L I N E .

MANAGING IN A LOW METALS PRICE ENVIRONMENT

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Q2 2013 HIGHLIGHTS

Q2 2013

G O L D P R O D U C T I O N ( m o z ) 646,000

C A S H C O S T S (1) $ / o z A L L - I N S U S TA I N I N G B Y - P R O D U C T C O - P R O D U C T

$1,279 $646 $713

A D J U S T E D N E T E A R N I N G S (3) $117M

A D J U S T E D O P E R AT I N G C A S H F L O W S (2) $388M

A D J U S T E D E P S (3) $0.14

A D J U S T E D C A S H F L O W P E R S H A R E (2) $0.48

S T R O N G R E S U LT S I N A C H A L L E N G I N G M A R K E T


(1) (2) (3) See endnotes

Q2 Impairment Charge

Impairment before tax

2,427

DIT (600)

Impairment, net of tax

1,827

Q2 Carrying values Pre-Impairment Post Impairment

($million)

Peñasquito Less

Exploration Potential and

Goodwill

Exploration Potential

Goodwill

Peñasquito Less



Goodwill

Net Book Value 5,128 5,590 283 4,113 4,461 -

Deferred Income Tax (DIT)

(2,697) - (2,097) -

8,021 283 6,477 -

PEÑASQUITO: IMPAIRMENT OF MINING INTERESTS

8 Refer to note 6(a) of the financial statements

Decline in Market Value Per In-Situ Ounce Primarily Driving Impairment Charge



Long-term price - $ per ounce where recoverable amount equal to carrying value

Red Lake Cerro

Negro Éléonore

Alumbrera

L O N G - T E R M G O L D P R I C E

$1,044 $1,112 $980 $6701

% increase required for recoverable amount to equal carrying value

Red Lake Cerro

Negro Éléonore

Alumbrera

P R O D U C T I O N C O S T 52.7% 25.6% 73.4% 6.5%

1 Due to the limited remaining mine life at Alumbrera, its recoverable amount is not significantly impacted by a change in long-term gold prices. Alumbrera would require short-term prices to be $1,240 for its estimated recoverable value to equal its carrying value

Ensuring Alignment of Carrying Value with Current Market Environment

IMPAIRMENT TESTING

2013 GUIDANCE

2013

Updated Guidance

H1’13

Actual H2’131

Forecast

G O L D P R O D U C T I O N ( m o z ) 2.55 - 2.80 1.26 1.3 – 1.55

C A S H C O S T S $ / o z A L L - I N S U S TA I N I N G B Y - P R O D U C T C O - P R O D U C T

$1,000 - $1,100

$525 - $575 $700 - $750

$1,213

$606 $712

$925 - $975 $520 - $570 $650 - $700

C A P I TA L E X P E N D I T U R E S $2.6B $1.2B $1.4B

E X P L O R A T I O N E X P E N D I T U R E S $200M $78M $122M

C O R P O R A T E A D M I N I S T R A T I O N $164M $85M $79M

D E P R E C I A T I O N / o z $335 $301 $315

TA X R A T E 29% 29% 29%

1 2013 updated price assumptions: Au=$1319/oz, Ag=$22.27/oz, Cu=$3.07/lb, Zn=$0.89/lb, Pb=$0.93/lb 10

RETURNING SHAREHOLDER VALUE

$0.18 $0.21

$0.41

$0.54 $0.60

2009 2010 2011 2012 2013E

Dividend ($ per share) Dividend up 233%

since 2009 Dividend ($ per share)1

1Dividend increases (annual): Oct. 27, 2010 - $0.36/share; Feb. 24, 2011 - $0.40/share; Dec. 5, 2011 - $0.54/share; Jan. 7, 2013 - $0.60/share 2Source: Bloomberg consensus (as of Jul. 29, 2013)

16% 19%

22% 23%

27%

17% 20% 20% 20%

23%

KGC ABX NEM AUY GG2013E 2014E

Dividend as % of Operating Cash Flow2

Significant return of

capital to shareholders


Fund existing 70% growth

profile

Invest in high return organic

growth

Flexibility for selective

M&A

Regular dividend growth

CREATING SHAREHOLDER VALUE


ALLOCATION OF CASH FLOW

5 YEAR PRODUCTION GUIDANCE

2012A 2013E 2014E 2015E 2016E 2017E

2.4

2.55 - 2.8

3.2 - 3.5

3.5 - 3.8 3.8 - 4.0

4.0 - 4.2

Gold production (Moz)

Increasing Production ~70%


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Goldcorp is Outperforming Peer Companies

Source: Bloomberg as of July 30, 2013.

-58%

-57%

-51%

-50%

-46%

-45%

-45%

-37%

-35%

-22%

-21%

-70% -50% -30% -10%

Anglogold

Harmony Gold

Newcrest

Barrick

Kinross

Agnico-Eagle

Gold Fields

Yamana

Newmont

Goldcorp

Gold ETF

YTD Performance

-63%

-62%

-53%

-48%

-47%

-38%

-35%

-33%

-29%

-22%

-19%

-70% -60% -50% -40% -30% -20% -10% 0%

Harmony Gold

Anglogold

Newcrest

Gold Fields

Barrick

Kinross

Agnico-Eagle

Newmont

Yamana

Goldcorp

Gold ETF

12 - Month Performance


SHARE PRICE PERFORMANCE

14

Canada 38%

US 6%

Mexico 30%

Argentina 5%

Dominican Republic 14%

Guatemala 7%

2013E GOLD

PRODUCTION

ARGENTINA

DOMINICAN REPUBLIC

GUATEMALA

CHILE

Operating Mines Development Projects

MEXICO

USA

CANADA

E X E C U T I O N .

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FOCUS IN LOW RISK JURISDICTIONS

CANADA

Red Lake Musselwhite

Porcupine

Éléonore

Cochenour

RED LAKE

Gold production

2013E: 475,000 - 510,000 oz

Robust, low cost gold production

Single de-stress slot for late-2013 at the 46/47 level

Cornerstone Asset

Positive exploration results

NXT Zone - test and extend

Focus on newly discovered structure off of 4699 ramp at the High Grade Zone

E X E C U T I O N .

16

MEXICO

PEÑASQUITO

Gold production

2013E: 360,000 - 400,000 oz

Successful water study completed; further studies on tailings efficiency and potential to source effluent water

Mexico’s Largest Gold Producer

Focus on efficiencies & cost reductions

Largest cash flow generator in 2012

Exploration potential of deep skarn discovery

District potential opportunities

PEÑASQUITO

Los Filos

El Sauzal

E X E C U T I O N .

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PEÑASQUITO

NEAR TERM

Northern Well Field – new water source within current basin (Cedros)

Capital cost approximately $150M

Commence construction in Q4’13; completion H2’14

LONG TERM

Treat and transport municipal effluent water

Ongoing studies

Tailings efficiency

Follow-up study underway on thickened tailings; completion expected mid-2014

Potential to reduce fresh water requirements

Positive Water Study Results

18 E X E C U T I O N .

PUEBLO VIEJO New Source of Gold Production

DOMINICAN REPUBLIC

Pueblo Viejo

Commercial production declared

2013E: 330,000 - 435,000 oz

On track for ramp up to full capacity in H2’13

Dual fuel power plant – commissioned in Q3’13

E X E C U T I O N .

Announced Agreement in Principle on Amendments to SLA

Annual output 415,000 to 450,000 ounces per year in first five years

Life of mine +25 years

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ROBUST DEVELOPMENT PIPEL INE

CAMINO ROJO

(SULPHIDES)

PEÑASQUITO UG

El MORRO U/G

CAMINO ROJO

(OXIDES) (2016)

EL MORRO

AGUA RICA

CERRO NEGRO (2013)

ÉLÉONORE (2014)

COCHENOUR (2015)

PUEBLO VIEJO (2012)

PEÑASQUITO (2010)

LOS FILOS (2008)

MARLIN (2006)

RED LAKE & OTHER

OPERATING MINES*

SCOPING

FEASIBILITY

CONSTRUCTION

PRODUCTION

Growth in High Quality Ounces

* PORCUPINE, MUSSELWHITE, EL SAUZAL, ALUMBRERA, MARIGOLD, WHARF

E X E C U T I O N .

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CERRO NEGRO Developing our Next Cornerstone Mine

ARGENTINA

Alumbrera

El Morro

Cerro Negro

E X E C U T I O N .

Deferral of non-essential capital

Updated economics:

525 koz Au annually (1st 5 years)

Initial capital expenditure of $1.35B

First production late-2013 (potential delay into 2014)

High grade vein system

Outstanding reserve growth potential

Development & construction advancing

Commenced initial stope production from Eureka

Ore development at Mariana Central & Mariana Norte commenced in June

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CANADA

ÉLÉONORE

4 drills conducting definition and exploration drilling

Development plan:

Upper/lower mine concept; 7 ktpd

~ 600,000 oz Au / annually

Initial capital expenditure: $1.75B

Pure Gold in a Safe Jurisdiction

Red Lake

Musselwhite

Porcupine

Éléonore

Cochenour

E X E C U T I O N .

On track for first gold late-2014; Potential for minor delay

Exploration ramp extended over 3,350m

Production shaft advanced to a depth of 383m

22

CANADA

Red Lake

Musselwhite

Porcupine

Éléonore

COCHENOUR Key Growth Driver in Red Lake District

Cochenour

Development plan:

225,000 - 250,000 oz Au / annually

Initial capital expenditure: $540M

First production 1H’15

Shaft widening advancing

E X E C U T I O N .

Haulage drift 76% complete

Two underground drills exploring from the haulage drift

Focusing on integrating Cochenour with the existing Red Lake operations

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24

388%

Central bank buying

Flat mine supply

Stable investment

demand

Safe haven/ asset class Inflation

hedge

Currency protection

Growing physical demand

China factor

Continued debasement of international

currencies

increase since 2000

Dec. 31, 2000 – Jul 29 , 2013

12 Consecutive Years of Gold Price Growth - Gold price (per ounce)

2000 Jul 29’13


WHY GOLD?

QUALITY GROWTH

COST MANAGEMENT

PEER-LEADING BALANCE SHEET

RESPONSIBLE MINING PRACTICES

LOW POLITICAL RISK

S U P E R I O R INVESTMENT PROPOSITION

E X E C U T I O N .

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GOLDCORP ADVANTAGE

OTHER

OPERATING COST

$565 SUSTAINING CAPEX (g)

$433

G&A

$111 $22

Q2 2013 TOTAL $1,279 per oz

$13

OPERATING COST

$645 SUSTAINING CAPEX (g)

$495

G&A

$101 $19

Q1 2013 TOTAL $1,144 per oz

$19 EXPLORATION

EXPLORATION

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Non-GAAP Measures Presented on Goldcorp Share Basis

I M P R OV E D C A S H C O S T D I S C LO S U R E

A P P E N D I X A - A L L - I N S U STA I N I N G C A S H CO ST S

A P P E N D I X B - 2 0 1 3 M I N E BY M I N E G U I DA N C E

2013 Guidance

2012 Actual

R e d L a k e 475,000 - 510,000 507,700

P e ñ a s q u i t o 360,000 - 400,000 411,300

L o s F i l o s 340,000 - 350,000 340,400

P u e b l o V i e j o ( 4 0 . 0 % ) 330,000 - 435,000 44,700

P o r c u p i n e 270,000 - 280,000 262,800

M u s s e l w h i t e 250,000 - 260,000 239,200

M a r l i n 185,000 - 200,000 207,300

A l u m b r e r a ( 3 7 . 5 % ) 120,000 - 125,000 136,600

M a r i g o l d ( 6 6 . 7 % ) 95,000 - 100,000 96,300

E l S a u z a l 70,000 - 80,000 81,800

W h a r f 55,000 - 60,000 68,100

To t a l 2,550,000 – 2,800,000 2,396,200

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APPENDIX C - 2013 SENSITIVIT IES

Base Price Change

Increments CFPS

($/share)

By Product Cash Costs

($/oz)

FCF ($mm)

Gold Price ($/oz) $1,600 $100 $0.25 $1 $205

Silver Price ($/oz) $30.00 $3.00 $0.06 $27 $52

Copper Price ($/lb) $3.50 $0.50 $0.04 $17 $32

Zinc Price ($/lb) $0.90 $0.10 $0.03 $11 $21

Lead Price ($/lb) $0.90 $0.10 $0.01 $5 $10

Canadian Dollars 1.00 10% $0.05 $19 $152

Mexican Peso 12.75 10% $0.04 $15 $39

Diesel ($/barrel) $100.00 10% $0.02 $9 $16

Electricity ($/kWh) $0.09 10% $0.02 $11 $20

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22%

16%

8% 11%

9%

15%

2%

5%

5% 7%

Labour Contractors Fuel Costs Power Maintenance Parts Consumables Tires Explosives Site Costs Others

38%

17% 6%

5%

8%

11%

2% 3%

6% 4%

CANADA / USA MEXICO CSA

13%

18%

10%

11% 10%

18%

3%

6%

4% 7%

17%

9%

8%

18% 12%

15%

2%

4%

4%

11%

APPENDIX D - OPERATING COSTS BREAKDOWN CONSOLIDATED

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APPENDIX E - GOLD MINERAL RESERVES

1. Mineral Reserves are estimated using appropriate recovery rates and US$ commodity prices of $1,350 per ounce of gold, $24 per ounce of silver, $3.00 per pound of copper, $0.80 per pound of lead, and $0.85 per pound of zinc, unless otherwise stated below:

1. Alumbrera $1,400/oz gold and $3.20/lb copper 2. Pueblo Viejo, Dee $1,500/oz gold, $28/oz silver, $3.00/lb copper

GOLDCORP MINERAL RESERVES

(as of December 31, 2012) PROVEN PROBABLE PROVEN & PROBABLE

Ownership Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained

GOLD mt g Au/t m oz mt g Au/t m oz mt g Au/t m oz

Alumbrera 37.5% 78.75 0.36 0.91 2.51 0.23 0.02 81.26 0.36 0.93

Camino Rojo 100.0% - - 66.76 0.76 1.63 66.76 0.76 1.63

Cerro Blanco 100.0% - - - - - -

Cerro Negro 100.0% 0.04 11.08 0.01 18.87 9.43 5.72 18.91 9.43 5.74

Cochenour 100.0% - - - - - -

Dee 40.0% - - 20.42 1.44 0.95 20.42 1.44 0.95

El Morro 70.0% 233.95 0.56 4.24 215.56 0.36 2.49 449.51 0.47 6.73

El Sauzal 100.0% 4.42 1.52 0.22

Eleonore 100.0% - - 12.48 7.56 3.03 12.48 7.56 3.03

Los Filos 100.0% 72.61 0.96 2.25 224.10 0.72 5.18 296.71 0.78 7.43

Marigold 66.7% 23.37 0.68 0.51 173.06 0.50 2.77 196.43 0.52 3.28

Marlin 100.0% 3.52 3.37 0.38 3.91 4.91 0.62 7.44 4.18 1.00

Musselwhite 100.0% 5.26 6.79 1.15 5.97 5.94 1.14 11.23 6.34 2.29

Noche Buena 100.0% - - - - - -

Penasquito Heap Leach 100.0% 32.34 0.15 0.16 87.41 0.13 0.36 119.75 0.13 0.52

Penasquito Mill 100.0% 577.90 0.55 10.27 484.71 0.31 4.90 1,062.60 0.44 15.17

Porcupine 100.0% 27.79 1.57 1.40 80.98 1.13 2.94 108.78 1.24 4.35

Pueblo Viejo 40.0% 13.88 3.49 1.56 96.06 2.74 8.45 109.94 2.83 10.01

Red Lake 100.0% 2.00 11.85 0.76 8.49 9.04 2.47 10.48 9.57 3.23

San Nicolas 21.0% - - - - - -

Wharf 100.0% 10.32 0.81 0.27 11.80 0.82 0.31 22.12 0.82 0.58

Totals 23.87 42.99 67.08

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ENDNOTES 1. The Company has included non-GAAP performance measures, performance measures, total cash cost per gold ounce and all-in sustaining cash cost per gold ounce, throughout this

presentation. The Company reports both of these measures on a sales basis.

Total cash cost per gold ounce in the gold mining industry is a common performance measure but does not have any standardized meaning, and is a non-GAAP measure. The

Company follows the recommendations of the Gold Institute standard. All-in sustaining cash costs include by-product cash costs, sustaining capital, corporate general &

administrative expenses and exploration expense.

The Company believes that, in addition to conventional measures, prepared in accordance with GAAP, certain investors use this information to evaluate the Company’s

performance and ability to generate cash flow. Accordingly, they are intended to provide additional information and should not be considered in isolation or as a substitute for

measures of performance prepared in accordance with GAAP.

Production costs in 2013 are allocated to each co-product based on the ratio of actual sales volumes multiplied by budget metals prices of $1,600 per ounce of gold, $30 per ounce

of silver, $3.50 per pound of copper, $0.90 per pound of lead and $0.90 per pound of zinc, rather than realized sales prices.

2. Adjusted operating cash flows and adjusted operating cash flow per share is a non-GAAP measure which the Company believes provides additional information about the

Company’s ability to generate cash flows from its mining operations.

3. Adjusted net earnings and adjusted net earnings per share are non-GAAP performance measures. The Company believes that, in addition to conventional measures prepared in

accordance with GAAP, the Company and certain investors use this information to evaluate the Company’s performance. Accordingly, it is intended to provide additional

information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

4. All Mineral Reserves and Mineral Resources have been estimated as at December 31, 2012 in accordance with the standards of the Canadian Institute of Mining, Metallurgy and

Petroleum and National Instrument 43-101 (“NI 43-101”), or the AusIMM JORC equivalent. These estimates, as well as all other scientific and technical information relating to

Goldcorp’s mineral properties contained herein, have been prepared by employees of Goldcorp, its joint venture partners or its joint venture operating companies, as applicable,

and have been reviewed and approved by Maryse Belanger, P. Geo., Senior Vice-President, Technical Services of Goldcorp, a “qualified person” for the purposes of NI 43-101.

These estimates incorporate current and/or expected mine plans and cost levels at each property. Varying cut-off grades have been used depending on the mine and type of ore.

Goldcorp’s normal data verification procedures have been employed in connection with these estimates. For a breakdown of Mineral Reserves and Mineral Resources by category

and for a more detailed description of the key assumptions, parameters and methods used in calculating Goldcorp’s Mineral Reserves and Mineral Resources, please refer to

Goldcorp’s most recently filed Annual Information Form/ Form 40-F filed with Canadian provincial securities regulatory authorities and the U.S. Securities and Exchange

Commission.

5. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: United States investors are advised that while such terms are

recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great

amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be

upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States

investors are cautioned not to assume that all or any part of Goldcorp’s Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States

investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

31