Goldcorp Inc. GG said that it has implemented the dividend reinvestment plan ("DRIP"). The adoption of the DRIP will enable shareholders to increase their investment in Goldcorp without incurring any additional transaction costs by receiving dividend payments in the form of common shares of the company without paying brokerage commissions, administrative costs or other service charges.The DRIP enables shareholders to reinvest their cash dividends into additional common shares issued from treasury at a 3% discount to the average market price. Participation in the DRIP is optional and will not affect shareholders' cash dividends unless they choose to participate in the plan. Participation is open to all registered and beneficial shareholders in Canada and the U.S. However, shareholders who reside in jurisdictions other than Canada or the U.S. may also participate in the plan, subject to any restrictions of laws in their jurisdiction of residence.Registered shareholders who wish to participate in the DRIP will have to provide a properly completed enrollment form to CST Trust Company (the "Agent") not less than five business days before a dividend record date. The dividend is payable only when decided by the company’s board and no one is eligible to receive it before that. The company may, from time to time, at its discretion, change or do away with the discount applicable to treasury acquisitions or direct that such common shares be purchased in market acquisitions at the existing market price, any of which would be publicly announced. Goldcorp, which is among the top gold producers, along with Barrick Gold ABX, Newmont NEM and Kinross Gold KGC, reported a profit of $80 million or 10 cents per share for first-quarter 2016 versus a net loss of $87 million or 11 cents per share logged a year ago, aided by reduced costs. Adjusted earnings (excluding one-time items) for the quarter came in at 9 cents per share, beating the Zacks Consensus Estimate of 4 cents. Adjusted loss excludes one-time items, including positive deferred tax effects of foreign exchange on tax assets and liabilities and restructuring costs. The company posted revenues of $944 million in the reported quarter, down around 7.2% year over year. Revenues beat the Zacks Consensus Estimate of $930 million. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NEWMONT MINING (NEM): Free Stock Analysis Report KINROSS GOLD (KGC): Free Stock Analysis Report BARRICK GOLD CP (ABX): Free Stock Analysis Report GOLDCORP INC (GG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research