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Goldcorp: News Release Dated October 29, 2015

The following excerpt is from the company's SEC filing.

Exhibit 99.1

Goldcorp Delivers Strong Free Cash Flow as Third Quarter Gold Production Increases 42%

(All amounts in $US unless stated otherwise)

GOLDCORP INC

(TSX: G, NYSE: GG)

today reported record third quarter gold production

of 922,200 ounces, an increase of 42% compared to gold production of 651,700 ounces in the third quarter of 2014. Adjusted quarterly revenues

were $1.3 billion. Adjusted operating cash flow

was $374 million, compared to $399 million for the third quarter of 2014. Free cash flow

wa s $243 million, compared to negative free cash flow of $355 million for the third quarter of 2014.

The reported net loss attributable to shareholders of Goldcorp for the quarter was $192 million, or $0.23 per share, compared to a net loss of $44 million, or $0.05 per share, for the third quarter of 2014. The adjusted net loss

was $37 million, or $0.04 per share, compared to adjusted net earnings of $70 million, or $0.09 per share, for the third quarter of 2014. Included in the adjusted net loss is a reduction in the carrying values of inventory stockpiles of $40 million, or $0.05 per share.

Third Quarter 2015 Highlights

Gold sales

of 942,600 ounces; gold production of 922,200 ounces.

Free cash flow of $243 million before dividends; $168 million after dividends.

Revolving credit facility fully repaid.

Adjusted revenues of $1.3 billion.

All-in sustaining costs

of $848 per ounce.

Adjusted operating cash flow of $374 million.

Adjusted net loss of $37 million, or $0.04 per share.

2015 production and cost guidance re-confirmed.

Announced joint venture (50/50) with Teck Resources Limited ("Teck") to combine El Morro and Relincho projects into a single project.

"Our third quarter results highlight the essence of Goldcorp's investment proposition: growing gold production, declining all-in sustaining costs and decreasing capital spending resulting in strong, sustained free cash flow, despite lower metals prices," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. "Record quarterly gold production, successful cost containment efforts and the wind-down of a capital investment program that has brought two high-quality gold mines into commercial production this year contributed to quarterly free cash flow of $243 million. The benefit of managing a strong portfolio of mines was illustrated in the quarter as good results at Peñasquito, Cerro Negro and Musselwhite more than offset lower-than-expected production from Éléonore as the mine continues to ramp up. As a result, we remain on track to meet the upper end of our production guidance of between 3.3 and 3.6 million ounces at all-in sustaining costs of between $850 and $900 per ounce. Our focus over the balance of 2015 and into 2016 is on vigilant management of our costs in the current gold price environment, successful replacement of mined gold reserves and the prudent allocation of free cash flow to fortify our already-strong balance sheet and fund the next wave of Goldcorp's promising organic growth opportunities."

Financial Review

Third quarter gold sales were 942,600 ounces at an average realized gold price of $1,114 per ounce on production of 922,200 ounces, compared to sales of 641,400 ounces at an average realized gold price of $1,266 per ounce on production of 651,700 ounces for the third quarter of 2014. Silver production totaled 11.3 million ounces compared to 7.8 million ounces in the prior year's third quarter. All-in sustaining costs were $848 per ounce of gold for the third quarter of 2015 compared to $1,066 per ounce in the third quarter of 2014. Excluding non-cash inventory impairments at Los Filos and Peñasquito, all-in sustaining costs for the third quarter of 2015 would have been $802 per ounce.

Adjusted revenues for the third quarter totaled $1.3 billion. The reported net loss attributable to shareholders of Goldcorp for the third quarter was $192 million, or $0.23 per share, compared to a net loss of $44 million, or $0.05 per share, for the third quarter of 2014. Adjusted net loss for the third quarter totaled $37 million, or $0.04 per share, compared to adjusted net earnings of $70 million, or $0.09 per share, for the third quarter of 2014.

The adjusted net loss for the third quarter of 2015 primarily excludes the unrealized losses from the foreign exchange translation of deferred income tax assets and liabilities ($158 million, or $0.19 per share). The adjusted net loss includes the impact of non-cash stock-based compensation expenses which amounted to approximately $14 million, or $0.02 per share, for the quarter. Adjusted operating cash flow for the third quarter was $374 million, compared to $399 million for the third quarter of 2014.

Canada

At Éléonore in Quebec, third quarter safe gold production totaled 86,700 ounces at an all-in sustaining cost of $974 per ounce. Production increased over the prior quarter as a result of the expansion of underground mining from two to four horizons, in addition to successful mine optimization initiatives. Stoping productivity and mining flexibility continued to improve, contributing to higher underground mine tonnage quarter over quarter. Throughput during the quarter averaged 6,500 tonnes per day. While recoveries in the third quarter were impacted by the presence of iron sulphides in certain production stopes, metallurgical studies are underway that are expected to minimize the effect on future recoveries.

As previously reported on September 8, 2015, initial production stopes at Éléonore are encountering folding and faulting resulting in higher dilution and therefore lower than planned mined grades and gold production. The folding is of varying intensities and is estimated to affect approximately 10% of the overall Éléonore deposit. The Éléonore team continues to work on adjusting stope designs to minimize these impacts.

Work on the Éléonore crown pillar pre-feasibility study continued to advance during the third quarter. Major activities included the successful completion of summer field work, underground and surface infrastructure and stope sequencing determination of the dike location, and permitting and stakeholder engagement efforts. The pre-feasibility study is on track to be completed by the end of 2015.

Safe gold production at Red Lake in Ontario in the third quarter totaled 77,600 ounces at an all-in sustaining cost of $1,028 per ounce. Production decreased over the prior quarter as a result of lower grades from remnant pillar mining at the Campbell Complex, the acceleration of development in the Sulphide Zones and lower-than-expected grades in the Footwall Zone. An exploration drift to access the HG Young discovery at depth continued to advance north on the 14 Level at the Campbell Complex. The drift provides a new platform for follow-up drilling down plunge of positive intercepts from the ongoing surface exploration program at HG Young.

At Cochenour, exploration drilling continued to assess the core area of the deposit as well as at the tram level, where there have been changes in the orientation of the veins from prior interpretations. Detailed interpretation and analysis is ongoing to support final mine planning and infrastructure. Processing of mill feed from the initial sill-development work was consistent with expectations. Work is ongoing to define the timing of initial stope production and ramp up of Cochenour feed for processing at Red Lake.

At Porcupine in Ontario, safe gold production for the third quarter was 71,000 ounces at an all-in sustaining cost of $882 per ounce. Production decreased over the prior quarter due to lower gold grades, driven primarily by the mining of lower-grade stopes at the Hoyle Pond underground, partially offset by higher tonnage milled as a result of improved mill operations during the quarter. The Hoyle Deep project, which will enable efficient access to lower portions of the Hoyle Pond deposit, continued to progress and remains on track to be fully operational in the first quarter of 2016. At the Hollinger open pit, the environmental control berm was completed in mid-October, enabling mining to take place 24 hours a day.

At the Borden project 160 kilometres west of Porcupine, studies are underway to determine the optimization of a combined Borden-Porcupine operation. Options to access the deposit from underground are currently being evaluated in preparation for permit applications. Surface diamond drilling continued during the third quarter with seven drills on site. The current exploration activity in this new gold district remains focused on in-fill drilling with a target to convert a portion of the resources into reserves at the end of 2015.

Safe gold production at Musselwhite in Ontario increased over the prior quarter to 71,000 ounces as a result of higher mill throughput and increased grades. Musselwhite's all-in sustaining cost continued to be among the lowest in the portfolio at $697 per ounce. The focus of the exploration program during the third quarter was on reserve replacement. Drilling concluded late in the third quarter on the West Limb zone and the Upper Lynx zone with positive results showing continuity of mineralization in both areas. All critical exploration development for the year is complete.

Latin America

At Peñasquito in Mexico, safe gold production totaled 236,800 ounces for the quarter at an all-in sustaining cost of $467 per ounce. Production was driven primarily by higher gold grades in sulphide as a result of positive model reconciliation. In light of continued strong performance, production at Peñasquito will exceed 2015 guidance of between 700,000 and 750,000 ounces.

Construction of the Northern Well Field ("NWF") remained suspended throughout the third quarter of 2015 due to an illegal blockade by a local community. Peñasquito continues to seek a fair resolution of this matter with the community, while taking steps to enforce its contractual rights. Peñasquito is also advancing alternatives for completion of the project without crossing through the affected community lands. Contingency planning is ongoing for fresh water supply to the Peñasquito mine until the NWF project is operational. The Company believes that there will be timely resolution of this matter to meet the future water needs of Peñasquito.

The Metallurgical Enhancement Project ("MEP") feasibility study continued, which included completion of pilot testing, confirming capital estimates and concentrate marketing studies. The feasibility study remains on schedule to be completed in early 2016.

At the Camino Rojo project, ongoing pre-feasibility study work is focused on the evaluation of Camino Rojo as a supplemental source of sulphide feed to the existing Peñasquito facility, in addition to a smaller, stand-alone oxide heap leach facility. An update of the geologic model continued during the third quarter and metallurgical...


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