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Goldcorp Raises its Annual Dividend, Reiterates Cerro Negro Production Target

Goldcorp Inc (G.TO) raised its annual dividend by 32%, and said it was on track with its mine plan for the Cerro Negro gold project in southern Argentina, Reuters reported.

Goldcorp, one of the world's top gold miners, raised its annual dividend to 54 cents a share, its third increase in 13 months. Owners of Goldcorp shares, as of December 16, will get 4.5 cents per share as their monthly dividend.

"We will continue to review dividend levels at regular intervals in the future," Chief Executive Chuck Jeannes reportedly said in a statement.

In a separate statement, the Vancouver-based company said it was on track to produce an average of 550,000 ounces of gold in the first five years of production at Cerro Negro.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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