MANAGEMENT S DISCUSSION AND ANALYSIS

Exhibit 99.1 Third Quarter Report 2014 MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2014 This Management s Discussion and Analysis ( MD&A ) should be read in conjunction with the unaudited condensed interim consolidated financial statements of Goldcorp Inc. ( Goldcorp or the Company ) for the three and nine months ended, 2014 and related notes thereto which have been prepared in accordance with International Financial Reporting Standards ( GAAP or IFRS ) as issued by the International Accounting Standards Board ( IASB ). This MD&A contains forward-looking statements that are subject to risk factors set out in a cautionary note contained herein. All figures are in United States ( US ) dollars unless otherwise noted. References to C$ are to Canadian dollars. This MD&A has been prepared as of October 29, 2014. THIRD QUARTER HIGHLIGHTS Cerro Negro and Éléonore achieved first gold production on July 25, 2014 and October 1, 2014, respectively. Key consolidated financial information: Net loss attributable to shareholders of Goldcorp, including discontinued operation, of $(44) million, or $(0.05) per share, compared with net earnings, including discontinued operation, of $5 million, or $0.01 per share, in 2013. Operating cash flows, including discontinued operation, of $192 million, compared with $274 million in 2013. Dividends paid of $122 million, compared to $122 million in 2013. $1.9 billion of liquidity. (1) Key performance measures: (2) Goldcorp s share of gold production increased to 651,700 ounces, compared with 637,100 ounces in 2013. Total cash costs of $597 per gold ounce, net of by-product silver, copper, lead and zinc credits, compared with $551 in 2013. On a co-product basis, cash costs of $682 per gold ounce, compared with $706 in 2013. (3) All-in sustaining costs of $1,066 per gold ounce, compared with $995 in 2013. All-in costs of $1,565 per gold ounce compared with $1,579 in 2013. (4) Adjusted net earnings of $70 million, or $0.09 per share, compared with $190 million, or $0.23 per share, in 2013. (5) Goldcorp s share of adjusted operating cash flows of $399 million, compared to $375 million in 2013. (6) Goldcorp s share of negative free cash flows of $(355) million, compared to $(246) million in 2013. (7) (1) At, 2014, the Company held $376 million of cash and cash equivalents, $52 million of money market investments, and had $1.5 billion undrawn on its $2 billion revolving credit facility. (2) The Company has included non-gaap performance measures on an attributable (or Goldcorp s share) basis throughout this document. Attributable performance measures include the Company s mining operations, including its discontinued operation, and projects, and the Company s share of Alumbrera and Pueblo Viejo. The Company believes that disclosing certain performance measures on an attributable basis is a more relevant measurement of the Company s operating and economic performance, and reflects the Company s view of its core mining operations. 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 and ability to generate cash flow; however, these performance measures do not have any standardized meaning. 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. (3) The Company has included non-gaap performance measures total cash costs, by-product and co-product, per gold ounce, throughout this document. In the gold mining industry, total cash costs is a common performance measure but does not have any standardized meaning. The Company follows the recommendations of the Gold Institute Production Cost Standard. The Gold Institute, which ceased operations in 2002, was a non-regulatory body and represented a global group of suppliers of gold and gold products. The production cost standard developed by the Gold Institute remains the generally accepted standard of reporting cash costs of production by gold mining companies. In addition to conventional measures prepared in accordance with GAAP, the Company assesses this measure in a manner that isolates the impacts of gold production volumes, the by-product credits, and operating costs fluctuations such that the non-controllable and controllable variability is independently addressed. The Company uses total cash costs, by-product and co-product, per gold ounce, to monitor its operating performance internally, including operating cash costs, as well as in its assessment of potential development projects and acquisition targets. The Company believes these measures provide investors and analysts with useful information about the Company s underlying cash costs of operations and the impact of by-product credits on the Company s cost structure and is a relevant metric used to understand the Company s operating profitability and ability to generate cash flow. When deriving the production cash costs associated with an ounce of gold, the Company includes by-product GOLDCORP 1

credits as the Company considers that the cost to produce the gold is reduced as a result of the by-product sales incidental to the gold production process, thereby allowing the Company s management and other stakeholders to assess the net costs of gold production. The Company and certain investors use this information to evaluate the Company s performance and ability to generate cash flow. 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. Total cash costs on a by-product basis are calculated by deducting Goldcorp s share of by-product silver, copper, lead and zinc sales revenues from Goldcorp s share of production costs. Total cash costs on a co-product basis are calculated by allocating Goldcorp s share of production costs to each co-product based on the ratio of actual sales volumes multiplied by budget metal prices, as compared to realized sales prices. The Company uses budget prices to eliminate price volatility and improve co-product cash cost reporting comparability between periods. The budget metal prices used in the calculation of co-product total cash costs were as follows: 2014 2013 2012 Gold $ 1,200 $ 1,600 $ 1,600 Silver 20 30 34 Copper 3.00 3.50 3.50 Lead 1.00 0.90 0.90 Zinc 0.90 0.90 0.90 If silver, lead and zinc for Peñasquito, silver for Marlin and Pueblo Viejo, and copper for Alumbrera were treated as co-products, Goldcorp's share of total co-product cash costs, including discontinued operation, for the three months ended, 2014, would be $682 per ounce of gold; $11.86 per ounce of silver; $2.78 per pound of copper; $0.85 per pound of zinc; and $1.02 per pound of lead (three months ended, 2013 $706 per ounce of gold; $13.10 per ounce of silver; $1.94 per pound of copper; $0.67 per pound of zinc; and $0.80 per pound of lead). Using actual realized sales prices, co-product total cash costs, including discontinued operation, would be $686 per gold ounce for the three months ended, 2014 (three months ended, 2013 $708). Refer to page 39 for a reconciliation of total cash costs to reported production costs. (4) All-in sustaining costs and all-in costs are non-gaap performance measures that the Company believes more fully define the total costs associated with producing gold; however, these performance measures have no standardized meaning. 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. The Company reports these measures on a gold ounces sold basis. Effective June 2013, the Company conformed its all-in sustaining and all-in cost definitions to the guidance note released by the World Gold Council, which became effective January 1, 2014. The World Gold Council is a non-regulatory market development organization for the gold industry whose members comprise global senior gold mining companies. Refer to page 41 for a reconciliation of all-in sustaining costs. (5) 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. Refer to page 43 for a reconciliation of adjusted net earnings to reported net (loss) earnings attributable to shareholders of Goldcorp. (6) Adjusted operating cash flows is a non-gaap performance measures which comprise Goldcorp s share of operating cash flows before working capital changes and which the Company believes provides additional information about the Company s ability to generate cash flows from its mining operations. 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. Refer to page 44 for a reconciliation of adjusted operating cash flows before working capital changes to reported net cash provided by operating activities. (7) Free cash flows is a non-gaap performance measure which the Company believes, in addition to conventional measures prepared in accordance with GAAP, the Company and certain investors use to evaluate the Company's ability to generate cash flows. 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. Free cash flows are calculated by deducting from net cash provided by operating activities, Goldcorp's share of expenditures on mining interests, deposits on mining interest expenditures and capitalized interest paid, and adding Goldcorp's share of net cash provided by operating activities from Alumbrera and Pueblo Viejo. Refer to page 44 for a reconciliation of free cash flows to reported net cash provided by operating activities. GOLDCORP 2

OVERVIEW Goldcorp is a leading gold producer engaged in the operation, exploration, development, and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company s current sources of operating cash flows are primarily from the sale of gold, silver, copper, lead, and zinc. Goldcorp is one of the world s fastest growing senior gold producers. Goldcorp s strategy is to provide its shareholders with superior returns from high quality assets. Goldcorp has a strong balance sheet. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged. Goldcorp is listed on the New York Stock Exchange (symbol: GG) and the Toronto Stock Exchange (symbol: G). At, 2014, the Company s principal producing mining properties were comprised of the Red Lake, Porcupine and Musselwhite gold mines in Canada; the Peñasquito gold/silver/lead/zinc mine and the Los Filos and El Sauzal gold mines in Mexico; the Marlin gold/silver mine in Guatemala; the Wharf gold mine in the US; the Alumbrera gold/copper mine (37.5% interest) in Argentina; and the Pueblo Viejo gold/ silver/copper mine (40% interest) in the Dominican Republic. The Company also owns a 39.3% equity interest in Tahoe Resources Inc. ("Tahoe"), which owns and operates the Escobal silver mine in Guatemala. The Company s significant development projects at, 2014 were comprised of the Cerro Negro gold project in Argentina; the Éléonore and Cochenour gold projects in Canada; the El Morro gold/copper project (70% interest) in Chile; and the Camino Rojo gold/silver project in Mexico. At, 2014, the gold price closed at $1,212 per ounce, a decline of 9% from the second quarter of 2014. Diverging monetary policies amongst the global Central Banks was the primary driver of the lower gold price during the third quarter of 2014. While the United States continued the tapering of its quantitative easing program and signaled an earlier than expected increase in interest rates, Europe, Japan, and China continued on a more conservative path. These policies fueled a strong US dollar rally resulting in investor sell-off of gold and a decline in the gold price in the third quarter of 2014. The decline in the gold price during the third quarter of 2014 resulted in the Company realizing an average gold price of $1,266 per ounce, compared to $1,296 per ounce during the second quarter of 2014. Average realized prices were 1% below the London Metal Exchange averages of $1,282 per ounce for the third quarter of 2014 due to higher gold sales occurring later in the third quarter of 2014 as the gold price declined. In July 2014, as a result of ongoing, unresolved litigation between the Argentine government and the hedge funds who acquired the distressed Argentine debt from the 2002 default, Argentina missed the June 30 coupon payment on its restructured sovereign bonds. The government of Argentina denies being in default, and continues to pursue alternatives to making payments to the restructured sovereign bond holders. However, without resolution to this ongoing default, market analysts believe that Argentina s access to external capital funding will be restricted which could limit economic growth. To address in-country funding requirements, on October 16, 2014, the Company through its wholly-owned subsidiary, Oroplata SA, entered into a 24-month and 27-month loan facility of 425 million Argentine pesos ($50 million) and 1.6 billion Argentine pesos ($189 million), respectively, with third parties in Argentina. The facilities bear interest at Badlar, the average interest rate paid on short term deposits over 1 million Argentine pesos, which was 20.125% on October 16, 2014, plus 3.5%. Gold production for the third quarter of 2014 of 651,700 ounces increased from 648,700 ounces in the prior quarter. Completion of the de-stress activities in the High Grade Zone at Red Lake during the third quarter of 2014, and a full quarter of operations at Los Filos following the settlement of the land occupancy agreement with the Carrizalillo Ejido in the second quarter of 2014, contributed to increased gold production during the third quarter of 2014. Further, with first gold produced on July 25, 2014 and continued progress towards production ramp-up achieved, Cerro Negro contributed 19,000 ounces of gold production during the third quarter of 2014. The Company suspended mining operations at El Sauzal during the third quarter of 2014 after experiencing instability of the highwall slope of the Trini pit, the only remaining active pit at El Sauzal. The impact of the pit wall instability on El Sauzal's operations was evaluated during the third quarter of 2014 and it was deemed unsafe and uneconomical to continue mining the remainder of the high grade ore at the bottom of the Trini Pit, which resulted in the acceleration of the mine closure plan beginning in the fourth quarter of 2014. Due to a geotechnical event in mid-august 2014 preventing access to the pit, mining activities were suspended at Alumbrera for the remainder of the third quarter of 2014. Access to half of the pit was restored at the end of September 2014 and mining operations have recommenced. All-in sustaining costs of $1,066 per ounce for the third quarter of 2014 increased 25% compared to $852 per ounce in the second quarter of 2014. The increase in all-in sustaining costs was driven primarily by planned increases in capital project and equipment investments and a $41 million ($64 per ounce) reduction of the carrying value of the low-grade stockpile inventory at Peñasquito to net realizable value during the third quarter of 2014. GOLDCORP 3

At Cerro Negro, overall project Engineering, Procurement, and Construction Management ("EPCM") activities, which include initial capital scope deferred to 2015, reached 90% completion at the end of the third quarter of 2014. Total underground development during the third quarter of 2014 was 2,331 metres, a 3% decrease compared to 2,408 metres in the prior quarter. At Mariana Norte, development remained suspended at the end of the third quarter of 2014 due to the limited availability of an experienced Argentine workforce. A training program to develop new miners is underway and development is expected to resume in 2015. Ore processing commenced on July 15, 2014, with first gold produced on July 25, 2014. Ramp-up activities in the process plant continued in the third quarter with 84,900 tonnes of ore milled at grades and recoveries in line with expectations. At Éléonore, ore feed was first introduced at the process plant on September 22, 2014 and first gold was produced on October 1, 2014. Commercial production continues to be expected in the first quarter of 2015. On October 7, 2014, the Supreme Court of Chile issued a final ruling revoking the decision of the Court of Appeals thereby invaliding the Environmental Assessment Resolution issued in October 2013 to Goldcorp-El Morro. As a result, all project activities remain suspended while the Company evaluates the path forward. CORPORATE DEVELOPMENTS During the three and nine months ended, 2014: On June 9, 2014, the Company issued $1.0 billion of senior unsecured notes (the "1.0 billion Notes"), consisting of $550 million aggregate principal amount of 3.625% notes due June 9, 2021 (the "2021 Notes") and $450 million aggregate principal amount of 5.45% notes due June 9, 2044 (the "2044 Notes"). The Company received total proceeds of $988 million from the issuance, net of transaction costs. The Company used the proceeds primarily for repayment of its $863 million convertible senior notes that matured on August 1, 2014. On April 4, 2014, the Company and its joint venture partner, Barrick Gold Corporation, completed the sale of their respective interests in the Marigold mine ("Marigold") to Silver Standard Resources Inc. Total consideration received was $267 million in cash, after closing adjustments (Goldcorp's share $184 million). On March 26, 2014, the Company completed the sale of 31,151,200 common shares of Primero Mining Corp. ("Primero") to a syndicate of underwriters for $201 million (C$224 million), recognizing a gain of $18 million, net of selling costs of $8 million. Goldcorp no longer owns any shares of Primero. On January 14, 2014, the Company commenced an offer to acquire all of the outstanding common shares of Osisko Mining Corporation. The offer, which was subsequently amended on April 10, 2014, expired. GOLDCORP 4

SUMMARIZED FINANCIAL RESULTS (2)(3) Three Months Ended June 30 March 31 December 31 Consolidated financial information 2014 2013 2014 2013 2014 2013 2013 2012 Revenues (1)(2)(3) $ 859 $ 895 $ 906 $ 858 $ 898 $ 964 $ 970 $ 1,197 Earnings (loss) from operations and associates (2) $ 58 $ (2) $ 216 $ (2,443) $ 207 $ 308 $ (123) $ 473 Net (loss) earnings from continuing operations (3) $ (44) $ $ 202 $ (1,939) $ 94 $ 299 $ (1,002) $ 489 Net earnings (loss) from discontinued operation (3) $ $ 5 $ (19) $ 5 $ 4 $ 10 $ (87) $ 15 Net (loss) earnings $ (44) $ 5 $ 183 $ (1,934) $ 98 $ 309 $ (1,089) $ 504 Net (loss) earnings attributable to shareholders of Goldcorp $ (44) $ 5 $ 181 $ (1,934) $ 98 $ 309 $ (1,089) $ 504 Net (loss) earnings from continuing operations per share (3) Basic $ (0.05) $ $ 0.25 $ (2.39) $ 0.12 $ 0.37 $ (1.23) $ 0.60 Diluted $ (0.05) $ $ 0.24 $ (2.39) $ 0.12 $ 0.32 $ (1.23) $ 0.45 Net (loss) earnings per share Basic $ (0.05) $ 0.01 $ 0.22 $ (2.38) $ 0.12 $ 0.38 $ (1.34) $ 0.62 Diluted $ (0.05) $ $ 0.22 $ (2.38) $ 0.12 $ 0.33 $ (1.34) $ 0.47 Cash flows from operating activities of continuing operations (1)(2)(3) $ 192 $ 268 $ 276 $ 74 $ 270 $ 269 $ 295 $ 658 Cash flows from operating activities including discontinued operation (1)(2)(3) $ 192 $ 274 $ 275 $ 80 $ 273 $ 294 $ 307 $ 678 Dividends paid $ 122 $ 122 $ 122 $ 121 $ 122 $ 122 $ 121 $ 110 Cash and cash equivalents (2) $ 376 $ 972 $ 1,220 $ 899 $ 1,001 $ 1,463 $ 625 $ 757 GOLDCORP 5

Three Months Ended June 30 March 31 December 31 Key performance measures (4) 2014 2013 2014 2013 2014 2013 2013 2012 Gold produced (ounces) (3) 651,700 611,900 648,700 623,500 658,100 582,900 740,800 672,100 Gold sold (ounces) (1)(3) 641,400 626,700 639,500 601,600 662,100 563,400 697,800 616,500 Silver produced (ounces) 7,815,800 7,744,600 8,984,000 7,180,000 9,581,400 5,633,400 9,768,100 7,158,600 Copper produced (thousands of pounds) 16,800 21,400 19,300 21,600 21,500 18,800 28,800 25,400 Lead produced (thousands of pounds) 37,000 41,000 38,600 35,400 49,500 29,100 53,600 29,200 Zinc produced (thousands of pounds) 81,000 76,300 91,900 70,100 87,900 52,000 80,900 67,000 Average realized gold price (per ounce) $ 1,266 $ 1,340 $ 1,296 $ 1,357 $ 1,297 $ 1,622 $ 1,254 $ 1,692 Average London spot gold price (per ounce) $ 1,282 $ 1,327 $ 1,289 $ 1,414 $ 1,294 $ 1,631 $ 1,272 $ 1,722 Total cash costs by-product (per gold ounce) (5) $ 597 $ 536 $ 470 $ 636 $ 488 $ 549 $ 447 $ 337 Total cash costs co-product (per gold ounce) (6) $ 682 $ 696 $ 643 $ 702 $ 658 $ 701 $ 632 $ 611 All-in sustaining costs (per gold ounce) $ 1,066 $ 975 $ 852 $ 1,205 $ 828 $ 1,110 $ 794 $ 895 Adjusted net earnings $ 70 $ 185 $ 162 $ 112 $ 205 $ 243 $ 75 $ 450 Adjusted operating cash flow $ 399 $ 364 $ 377 $ 378 $ 278 $ 377 $ 432 $ 702 Including discontinued operation (3) Gold produced (ounces) 651,700 637,100 648,700 646,000 679,900 614,600 768,900 700,400 Gold sold (ounces) (1) 641,400 652,100 639,500 624,300 684,000 595,100 725,700 645,100 Total cash costs by-product (per gold ounce) (5) $ 597 $ 551 $ 470 $ 646 $ 507 $ 565 $ 467 $ 360 Total cash costs co-product (per gold ounce) (6) $ 682 $ 706 $ 643 $ 713 $ 673 $ 710 $ 645 $ 621 All-in sustaining costs (per gold ounce) $ 1,066 $ 995 $ 852 $ 1,227 $ 840 $ 1,134 $ 810 $ 915 Adjusted net earnings $ 70 $ 190 $ 164 $ 117 $ 209 $ 253 $ 74 $ 465 Adjusted operating cash flow $ 399 $ 374 $ 376 $ 388 $ 281 $ 400 $ 439 $ 723 (1) Excludes pre-commissioning sales ounces from Pueblo Viejo, prior to January 1, 2013, as costs incurred, net of proceeds from sales, were credited against capitalized project costs. (2) Effective January 1, 2013, the Company's 37.5% interest in Alumbrera was required to be accounted for as an investment in associate and accounted for using the equity method. The Company has restated the 2012 comparative periods to remove Alumbrera's revenues, cash flows from operating activities, and cash and cash equivalents, and to include the effect of Alumbrera on earnings from operations and associates. (3) The Company's 66.7% interest in Marigold continues to be classified as a discontinued operation for the three and nine months ended, 2014. The comparative information has been restated in accordance with the requirements of IFRS 5 Non-current assets held for sale and discontinued operations. (4) The Company's share of the applicable production, sales and financial information of Alumbrera and Pueblo Viejo is included in the non-gaap performance measures noted above. The Company believes that disclosing certain performance measures including Alumbrera and Pueblo Viejo is a more relevant measurement of the Company s operating and economic performance, and reflects the Company s view of its core mining operations. (5) Total cash costs per gold ounce on a by-product basis is calculated net of Goldcorp s share of by-product sales revenues (by-product copper sales revenues for Alumbrera; by-product silver sales revenues for Marlin and Pueblo Viejo; by-product lead and zinc sales revenues and 75% of silver sales revenues for Peñasquito at market silver prices, and 25% of silver sales revenues for Peñasquito at $4.05 per silver ounce (2013 $4.02 per silver ounce) sold to Silver Wheaton). (6) Total cash costs per gold ounce on a co-product basis is calculated by allocating Goldcorp s share of production costs to each co-product (Alumbrera (copper); Marlin (silver); Pueblo Viejo (silver); Peñasquito (silver, lead and zinc)) based on the ratio of actual sales volumes multiplied by budget metal prices (see page 2). GOLDCORP 6

REVIEW OF CONSOLIDATED FINANCIAL INFORMATION Three months ended, 2014 compared to the three months ended, 2013 The net loss attributable to shareholders of Goldcorp for the third quarter of 2014 was $(44) million, or $(0.05) per share, compared to net earnings attributable to shareholders of Goldcorp of $5 million, or $0.01 per share, for the third quarter of 2013. Compared to the third quarter of 2013, the net loss attributable to shareholders of Goldcorp for the three months ended, 2014 was impacted by the following factors: Revenues decreased by $36 million, or 4%, primarily due to a $44 million decrease in gold revenues, and a $19 million decrease in silver revenues, partially offset by a $27 million increase in zinc revenues, net of refining charges. The decrease in revenues is primarily a result of lower gold and silver realized prices, partially offset by higher volumes of zinc sold and a higher zinc realized price during the third quarter of 2014; Production costs increased by $21 million, or 4%, due to a $41 million reduction of the carrying value of the low-grade stockpile at Peñasquito to net realizable value during the third quarter of 2014; and higher employee and labour costs; partially offset by increased capitalized stripping costs at Peñasquito; lower consumables costs; and favourable foreign exchange movements; Depreciation and depletion increased by $34 million, or 22%, due to new assets put into service and a $14 million reduction of the carrying value of the low-grade stockpile at Peñasquito to net realizable value during the third quarter of 2014; The Company s share of net earnings of associates increased by $170 million primarily due to a $178 million increase in the Company's share of net earnings from Pueblo Viejo primarily as a result of a $187 million cumulative tax expense recognized in the third quarter of 2013 as a result of the renegotiated Special Lease Agreement ("SLA") with the government of the Dominican Republic, partially offset by a $16 million decrease in the Company's share of net earnings from Alumbrera in the third quarter of 2014; An impairment of mining interests of $19 million ($13 million, net of tax) was recognized against the carrying amount of the El Sauzal mine in the third quarter of 2014; Corporate administration, excluding share-based compensation expense, was $44 million, which was comparable to the third quarter of 2013. Share-based compensation expense of $19 million for the third quarter of 2014 decreased by $5 million compared to the third quarter of 2013 due to higher share option award cancellations during the third quarter of 2014 and a decrease in the fair value of the Company's performance share units ("PSUs"); A $5 million gain on securities due to the sale of certain available-for-sale equity and marketable securities in the third quarter of 2014. A $3 million loss on securities was recognized in the third quarter of 2013 representing an impairment expense on certain of the Company's available-for-sale equity and marketable securities; A $14 million net loss on derivatives in the third quarter of 2014 comprised of a $14 million net loss on foreign currency, heating oil, copper, lead, and zinc contracts; and a $1 million realized loss on the Company s contract to sell 1.5 million ounces of silver to Silver Wheaton at a fixed price over each of the four years ending August 5, 2014 (the Silver Wheaton silver contract ); partially offset by a $1 million gain on the conversion feature of the Company s convertible notes (the Convertible Notes ). In the third quarter of 2013, an $8 million net gain on derivatives was comprised of a $7 million gain on foreign currency, heating oil, copper, lead, and zinc contracts; and a $5 million unrealized gain on the conversion feature of the Convertible Notes; partially offset by a $4 million loss on the Silver Wheaton silver contract; Finance costs increased by $3 million primarily due to interest expense arising on the $1.0 billion Notes and the $2.0 billion revolving credit facility during the third quarter of 2014; Other income increased by $7 million due to favourable foreign exchange movements arising mainly on accounts payable denominated in Mexican and Argentinian pesos, and Canadian dollars; partially offset by unfavourable foreign exchange movements arising on value added tax receivables denominated in Argentinian pesos, and cash and cash equivalents denominated in Canadian dollars; and a decrease in interest income earned on the Company's cash and cash equivalents and loans held with certain of the Company's associates; Income tax expense for the three months ended, 2014 totaled $83 million (three months ended, 2013 income tax recovery of $11 million) and was primarily impacted by: An $85 million foreign exchange loss on the translation of deferred income tax assets and liabilities arising primarily from the Placer Dome and Glamis acquisitions in 2006, and the Camino Rojo and Cerro Negro acquisitions in 2010, compared to a $9 million foreign exchange loss for the third quarter of 2013. The foreign exchange related deferred income tax impacts GOLDCORP 7

resulted from the weakening Canadian dollar, Mexican peso, and Argentine peso (strengthening Canadian dollar, and weakening Mexican and Argentine peso in the third quarter of 2013); A Pueblo Viejo equity loss of $168 million recognized in the third quarter of 2013 resulting from the negative impact of the various amendments to the SLA with the government of the Dominican Republic for which no tax recovery was recorded; An increase in the effective tax rate from negative 11% to negative 3% for the third quarter of 2014 after adjusting income taxes for the above noted items and the non-deductible share-based compensation expense. The increase is due to the favourable settlements of certain past tax positions in the third quarter of 2013, partially offset by an increase in earnings from associates for the three months ended, 2014; and Net earnings of $5 million were recognized in the third quarter of 2013 on the Company's 66.7% share of Marigold, which was sold during the second quarter of 2014 and classified as a discontinued operation during the three months ended, 2014. Adjusted net earnings amounted to $70 million, or $0.09 per share (1), for the three months ended, 2014, compared to $190 million, or $0.23 per share, for the third quarter of 2013. Adjusted net earnings decreased due to lower revenues primarily resulting from lower gold and silver realized prices during the third quarter of 2014, an increase in production costs during the three months ended, 2014, and a higher effective tax rate due to favourable tax settlements in the third quarter of 2013, partially offset by higher volumes of zinc sold and a higher zinc realized price in the third quarter of 2014. Total cash costs (by-product) increased to $597 per gold ounce (2) in the third quarter of 2014 as compared to $551 per gold ounce in the third quarter of 2013. The increase in cash costs was primarily due to an increase in production costs, partially offset by an increase in volume of gold sales. (1) 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. Refer to page 43 for a reconciliation of adjusted net earnings to reported net (loss) earnings attributable to shareholders of Goldcorp. (2) The Company has included non-gaap performance measures total cash costs, by-product and co-product, per gold ounce, throughout this document. In the gold mining industry, total cash costs is a common performance measure but does not have any standardized meaning. The Company follows the recommendations of the Gold Institute Production Cost Standard. 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 and ability to generate cash flow. 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. Total cash costs on a by-product basis are calculated by deducting Goldcorp s share of by-product silver, copper, lead and zinc sales revenues from Goldcorp s share of production costs. Refer to page 39 for a reconciliation of total cash costs to reported production costs. GOLDCORP 8

Three months ended, 2014 compared to the three months ended June 30, 2014 Third Quarter Report 2014 The net loss attributable to shareholders of Goldcorp for the third quarter of 2014 was $(44) million, or $(0.05) per share, compared to net earnings attributable to shareholders of Goldcorp of $181 million, or $0.22 per share, for the second quarter of 2014. Compared to the prior quarter, the net loss attributable to shareholders of Goldcorp for the three months ended, 2014 was impacted by the following factors: Revenues decreased by $47 million, or 5%, primarily due to a $31 million decrease in silver revenues, and a $28 million decrease in gold revenues, partially offset by a $12 million increase in zinc revenues. The decrease in revenues resulted primarily from lower gold and silver realized prices and lower sales volumes for gold and silver, partially offset by higher volumes of zinc sold and a higher zinc realized price during the third quarter of 2014; Production costs increased by $24 million, or 5%, due to a $41 million reduction of the carrying value of the low-grade stockpile at Peñasquito to net realizable value during the third quarter of 2014; and increased employee, labour, and maintenance costs; partially offset by increased capitalized stripping costs at Peñasquito during the third quarter of 2014; and revisions in estimates at the Company's inactive and closed mines in the prior quarter resulting in a $16 million increase in reclamation and closure costs; Depreciation and depletion increased by $13 million, or 7%, primarily due to a $14 million reduction of the carrying value of the lowgrade stockpile at Peñasquito to net realizable value during the third quarter of 2014; Exploration and evaluation costs increased by $6 million due to exploration activities at the Company's Canadian mine sites during the third quarter of 2014; The Company s share of net earnings of associates decreased by $45 million from the prior quarter due to a $35 million and a $10 million decrease in the Company's share of net earnings from Pueblo Viejo and Alumbrera, respectively. The decrease in the Company's share of net earnings from Pueblo Viejo for the third quarter of 2014 was impacted by a reversal of impairment of $6 million, net of tax, in respect of certain power assets in the second quarter of 2014, the sale of which was completed in the third quarter of 2014 resulting in a $4 million loss on sale, net of tax; An impairment of mining interests of $19 million ($13 million, net of tax) was recognized against the carrying amount of the El Sauzal mine in the third quarter of 2014; Corporate administration, excluding share-based compensation expense, was $44 million, which was comparable to the prior quarter. Share-based compensation expense of $19 million for the third quarter of 2014 increased by $3 million compared to the prior quarter due to an increase in the fair value of the Company's PSUs; A $14 million net loss on derivatives in the third quarter of 2014 comprised of a $14 million net loss on foreign currency, heating oil, copper, lead, and zinc contracts; and a $1 million realized loss on the Silver Wheaton silver contract; partially offset by a $1 million gain on the conversion feature of the Convertible Notes. An $11 million gain on derivatives in the second quarter of 2014 comprised of a $9 million gain on foreign currency, heating oil, copper, lead, and zinc contracts; a $1 million unrealized gain on the conversion feature of the Convertible Notes; and a $1 million gain on the Silver Wheaton silver contract; Finance costs increased by $4 million primarily due to interest expense arising on the $1.0 billion Notes and the $2.0 billion revolving credit facility during the third quarter of 2014; Other income increased by $10 million from the prior quarter due to favourable foreign exchange movements arising mainly on accounts payable denominated in Mexican and Argentinian pesos, and Canadian dollars, partially offset by unfavourable foreign exchange movements arising on value added tax receivables denominated in Argentinian pesos, and cash and cash equivalents denominated in Canadian dollars; Income tax expense for the three months ended, 2014 totaled $83 million (three months ended June 30, 2014 income tax expense of $14 million) and was impacted by: An $85 million foreign exchange loss on the translation of deferred income tax assets and liabilities primarily from the Placer Dome and Glamis acquisitions in 2006 and the Camino Rojo and Cerro Negro acquisitions in 2010, compared to a $24 million foreign exchange gain in the second quarter of 2014. The foreign exchange related deferred income tax impacts resulted from the weakening Canadian dollar, Mexican peso, and Argentine peso (strengthening Canadian dollar and Mexican peso, and weakening Argentine peso in the second quarter of 2014); A decrease in the effective tax rate from 16% to negative 3% in the third quarter of 2014 after adjusting for the non-deductible share-based compensation expense. The third quarter of 2014 was favourably impacted by the tax benefit of inflationary GOLDCORP 9

adjustments in Mexico and a higher tax benefit of tax deductible foreign exchange losses on US dollar denominated debt in Argentina, partially offset by higher earnings from associates in the second quarter of 2014; and A net loss from discontinued operation of $19 million for the second quarter of 2014 primarily due to the net loss recognized on the sale of the Company's 66.7% share of Marigold, which was classified as a discontinued operation during the second and third quarter of 2014. Adjusted net earnings amounted to $70 million, or $0.09 per share (1), for the three months ended, 2014, compared to $164 million, or $0.20 per share, for the second quarter of 2014. The decrease in adjusted net earnings was primarily due to lower revenues as a result of lower gold and silver realized prices and lower sales volumes for silver, and an increase in production costs during the three months ended, 2014, partially offset by higher zinc and copper volumes and a higher zinc realized price during the third quarter of 2014. Total cash costs (by-product) were $597 per gold ounce (2), in the third quarter of 2014, as compared to $470 per gold ounce in the prior quarter. The increase in cash costs per ounce was primarily due to an increase in production costs and a decrease in by-product sales credits. (1) 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. Refer to page 43 for a reconciliation of adjusted net earnings to reported net (loss) earnings attributable to shareholders of Goldcorp. (2) The Company has included non-gaap performance measures total cash costs, by-product and co-product, per gold ounce, throughout this document. In the gold mining industry, total cash costs is a common performance measure but does not have any standardized meaning. The Company follows the recommendations of the Gold Institute Production Cost Standard. 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 and ability to generate cash flow. 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. Total cash costs on a by-product basis are calculated by deducting Goldcorp s share of by-product silver, copper, lead and zinc sales revenues from Goldcorp s share of production costs. Refer to page 39 for a reconciliation of total cash costs to reported production costs. GOLDCORP 10

Nine months ended, 2014 compared to the nine months ended, 2013 Third Quarter Report 2014 Net earnings attributable to shareholders of Goldcorp for the nine months ended, 2014 were $235 million, or $0.29 per share, compared to a net loss attributable to shareholders of Goldcorp of $(1,620) million, or $(2.00) per share, for the nine months ended September 30, 2013. Compared to the nine months ended, 2013, net earnings attributable to shareholders of Goldcorp for the nine months ended, 2014 was impacted by the following factors: Revenues decreased by $54 million, or 2%, primarily due to a $176 million decrease in gold revenues, partially offset by a $89 million increase in lead and zinc revenues, net of refining charges, and a $32 million increase in silver revenues. The decrease in revenues is primarily a result of lower gold and silver realized prices during the nine months ended, 2014, partially offset by higher sales volumes for silver, zinc, and lead and a higher zinc realized price during the nine months ended, 2014; Production costs increased by $27 million, or 2%, primarily due to a $41 million reduction of the carrying value of the low-grade stockpile at Peñasquito to net realizable value during the third quarter of 2014; an increase in employee and labour costs; and revisions in estimates at the Company's inactive and closed mines during the nine months ended, 2014; partially offset by increased capitalized stripping costs at Peñasquito during the nine months ended, 2014; favourable foreign exchange movements; and a decrease in consumables costs; Depreciation and depletion increased by $78 million, or 17%, due to new assets put into service and a $14 million reduction of the carrying value of the low-grade stockpile at Peñasquito to net realizable value during the third quarter of 2014; Exploration and evaluation costs decreased by $5 million due to the timing of expenditures at the Company's Canadian and Mexican operations; The Company s share of net earnings of associates of $131 million was comprised of net earnings of $86 million from Pueblo Viejo; net earnings of $31 million from the Company's investments in Tahoe and Primero as a result of the commencement of commercial production at Tahoe, effective January 1, 2014; and net earnings of $14 million from Alumbrera. The Company s share of net losses of associates of $101 million in the nine months ended, 2013 was primarily comprised of a net loss of $113 million from Pueblo Viejo due to the tax expense recognized as a result of the renegotiated SLA with the government of the Dominican Republic; and a net loss of $2 million from the Company's equity investments in Primero and Tahoe; partially offset by net earnings of $14 million from Alumbrera; An impairment of mining interests of $19 million ($13 million, net of tax) was recognized against the carrying amount of the El Sauzal mine during the nine months ended, 2014. An impairment of mining interests and goodwill of $2,558 million ($1,958 million, net of tax) was recognized against the carrying amount of the Peñasquito mine and the Cerro Blanco project during the nine months ended, 2013; Corporate administration, excluding share-based compensation expense, was $129 million, a $4 million increase compared to the nine months ended, 2013. Share-based compensation expense of $59 million decreased by $5 million compared to the nine months ended, 2013 due to higher share option award cancellations during the nine months ended September 30, 2014; A $9 million gain on securities primarily due to the sale of certain available-for-sale equity and marketable securities in the nine months ended, 2014. A $15 million loss on securities was recognized during the nine months ended, 2013 representing an impairment expense on certain of the Company's available-for-sale equity and marketable securities; An $6 million net loss on derivatives for the nine months ended, 2014 comprised of a $6 million loss on foreign currency, heating oil, copper, lead, and zinc contracts; and a $1 million net loss on the Silver Wheaton silver contract; partially offset by a $1 million gain on the conversion feature of the Convertible Notes. In the nine months ended, 2013, a $79 million net gain on derivatives was comprised of a $51 million unrealized gain on the conversion feature of the Convertible Notes; a $15 million net gain on the Silver Wheaton silver contract; and a $13 million net gain on foreign currency, heating oil, copper, lead, and zinc contracts; An $18 million net gain on disposition of mining interests for the nine months ended, 2014 as the Company sold its equity interest in Primero on March 26, 2014; Other expenses increased by $21 million primarily as a result of a decrease in interest income earned on the Company's cash and cash equivalents, money market investments, and loans held with certain of the Company's associates; partially offset by favourable foreign exchange movements during the nine months ended, 2014 arising mainly on accounts payable denominated in Mexican and Argentinian pesos, and Canadian dollars; Income tax expense for the nine months ended, 2014 totaled $187 million (nine months ended, 2013 income tax recovery of $473 million). Excluding the tax effects of the impairment of mining interests and goodwill in the second quarter GOLDCORP 11

of 2013, income tax expense for the nine months ended, 2013 was $127 million. Income tax expense for the period was primarily impacted by: A $167 million foreign exchange loss on the translation of deferred income tax assets and liabilities arising primarily from the Placer Dome and Glamis acquisitions in 2006 and the Camino Rojo and Cerro Negro acquisitions in 2010, compared to a $66 million foreign exchange loss in the nine months ended, 2013. The foreign exchange related deferred income tax impacts resulted from the weakening Canadian dollar, Argentine Peso, and Mexican peso during the nine months ended, 2014 and 2013; A deferred income tax recovery of $600 million recognized in the second quarter of 2013 arising on the impairment of mining interests and goodwill; A Pueblo Viejo equity loss of $113 million recognized during the nine months ended, 2013 primarily resulting from the negative impact of the various amendments to the SLA with the government of the Dominican Republic for which no tax recovery was recorded; A decrease in the effective tax rate for the nine months ended, 2014 from 10% to 4%, after adjusting income taxes for the above noted items and the non-deductible share-based compensation expense. The nine months ended, 2014 were favourably impacted when compared to the nine months ended, 2013 by an increase in the tax deductible foreign exchange losses on US dollar denominated debt in Argentina, higher earnings from associates, and the gain on sale of Primero not being subject to tax. These favourable impacts were partially offset by nontaxable realized and mark-to-market gains of $66 million in the nine months ended, 2013 on the conversion feature of the Convertible Notes and the Silver Wheaton silver contract; A net loss from discontinued operation of $15 million for the nine months ended, 2014 due to the $21 million net loss recognized on the sale of the Company's 66.7% share of Marigold, which was classified as a discontinued operation during the nine months ended, 2014, partially offset by net earnings of $6 million for the nine months ended, 2014. The Company had net earnings of $20 million for the nine months ended, 2013 on the Company's 66.7% share of Marigold. Adjusted net earnings amounted to $443 million, or $0.54 per share (1), for the nine months ended, 2014, compared to $560 million, or $0.69 per share, for the nine months ended, 2013. Adjusted net earnings decreased due to lower realized prices for gold and silver and higher production costs during the nine months ended, 2014, partially offset by higher revenues resulting primarily from higher silver, zinc, lead, and copper sales volumes and a higher zinc realized price. Total cash costs (by-product) decreased to $525 per gold ounce (2), for the nine months ended, 2014, as compared to $587 per gold ounce for the nine months ended, 2013. The decrease in cash costs was primarily due to higher by-product sales credits and an increase in volume of gold sales. (1) 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. Refer to page 43 for a reconciliation of adjusted net earnings to reported net (loss) earnings attributable to shareholders of Goldcorp. (2) The Company has included non-gaap performance measures total cash costs, by-product and co-product, per gold ounce, throughout this document. In the gold mining industry, total cash costs is a common performance measure but does not have any standardized meaning. The Company follows the recommendations of the Gold Institute Production Cost Standard. 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 and ability to generate cash flow. 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. Total cash costs on a by-product basis are calculated by deducting Goldcorp s share of by-product silver, copper, lead and zinc sales revenues from Goldcorp s share of production costs. Refer to page 39 for a reconciliation of total cash costs to reported production costs. GOLDCORP 12

RESULTS OF OPERATIONS (1) Three months ended Total cash All-in Average costs byproduct costs sustaining Gold Gold realized produced sold gold price (per gold (per gold Revenues (ounces) (ounces) (per ounce) ounce) (2) ounce) (3) Red Lake 2014 $ 125 99,600 98,600 $ 1,265 $ 533 $ 955 2013 $ 148 97,000 111,300 $ 1,325 $ 640 $ 986 Porcupine 2014 87 74,300 68,400 1,272 663 946 2013 98 76,000 73,200 1,339 637 921 Musselwhite 2014 81 62,500 62,300 1,292 654 897 2013 75 59,800 56,800 1,333 768 1,114 Peñasquito 2014 361 129,500 144,000 1,236 579 1,142 2013 315 113,900 106,600 1,370 403 830 Los Filos 2014 86 64,100 66,500 1,281 623 808 2013 98 73,400 73,600 1,335 640 891 El Sauzal 2014 12 6,100 9,700 1,307 2,004 2,198 2013 30 21,400 21,800 1,334 751 831 Marlin 2014 87 45,400 44,500 1,264 478 985 2013 107 49,400 51,200 1,344 259 635 Wharf 2014 20 16,200 14,400 1,291 845 1,028 2013 24 16,700 18,200 1,310 980 1,204 Alumbrera (1) 2014 79 22,800 21,600 1,223 819 1,404 2013 119 28,900 32,000 1,379 (281) 307 Pueblo Viejo (1) 2014 150 112,200 111,400 1,280 438 559 2013 112 75,400 82,000 1,318 553 690 Cerro Negro (5) 2014 19,000 2013 Other (3) 2014 121 2013 125 Total continuing operations 2014 $ 1,088 651,700 641,400 $ 1,266 $ 597 $ 1,066 2013 $ 1,126 611,900 626,700 $ 1,340 $ 536 $ 975 Marigold (4) 2014 2013 34 25,200 25,400 1,325 938 1,476 Total including discontinued operation 2014 $ 1,088 651,700 641,400 $ 1,266 $ 597 $ 1,066 2013 $ 1,160 637,100 652,100 $ 1,339 $ 551 $ 995 (1) The Company has included certain non-gaap performance measures including the Company s share of the applicable production, sales and financial information of Alumbrera and Pueblo Viejo, throughout this document; however, these performance measures do not have any standardized meaning. The Company believes that disclosing certain performance measures including Alumbrera and Pueblo Viejo presents a more relevant measurement of the Company s operating and economic performance, and reflects the Company s view of its core mining operations. (2) Total cash costs per gold ounce on a by-product basis is calculated net of Goldcorp s share of by-product sales revenues (by-product copper sales revenues for Alumbrera; by-product silver sales revenues for Marlin and Pueblo Viejo; and by-product lead and zinc sales revenues and 75% of silver sales revenues for Peñasquito at market silver prices, and 25% of silver sales revenues for Peñasquito at $4.05 per silver ounce (2013 $4.02 per silver ounce) sold to Silver Wheaton). (3) For the purpose of calculating all-in sustaining costs, the Company includes corporate administration expense, capital expenditures incurred at the Company's regional and head office corporate offices and regional office exploration expense as corporate all-in sustaining costs in the "Other" category. These costs are not allocated to the individual mine sites as the Company measures its operations' performance on all-in sustaining costs directly incurred at the mine site. All-in sustaining costs for Other is calculated using total corporate expenditures and the Company's consolidated gold sales ounces. GOLDCORP 13

(4) The Company's 66.7% interest in Marigold continues to be classified as a discontinued operation for the three and nine months ended, 2014. The 2013 comparative information has been restated in accordance with the requirements of IFRS 5 Non-current assets held for sale and discontinued operations. (5) Gold produced represents pre-commercial production ounces from Cerro Negro. However, sales and sales related revenues are excluded as they are credited against capitalized project costs. For the three and nine months ended, 2014, Cerro Negro did not have sales related to pre-commercial production ounces. GOLDCORP 14

Nine months ended Total cash All-in Average costs byproduct costs sustaining Gold Gold realized produced sold gold price (per gold (per gold Revenues (ounces) (ounces) (per ounce) ounce) (2) ounce) (3) Red Lake 2014 $ 373 284,100 289,600 $ 1,286 $ 603 $ 989 2013 $ 533 365,000 365,900 $ 1,452 $ 541 $ 900 Porcupine 2014 263 209,600 203,700 1,287 673 928 2013 300 213,000 207,700 1,441 736 1,085 Musselwhite 2014 256 205,200 198,100 1,288 634 824 2013 254 181,700 175,500 1,443 798 1,179 Peñasquito 2014 1,147 426,700 435,600 1,290 290 623 2013 800 262,100 254,000 1,396 621 1,149 Los Filos 2014 250 192,800 194,100 1,284 666 870 2013 344 238,400 237,100 1,446 618 1,055 El Sauzal 2014 48 36,800 37,100 1,290 1,265 1,464 2013 86 59,300 59,600 1,419 854 927 Marlin 2014 264 134,200 130,000 1,285 429 927 2013 336 149,400 149,900 1,441 209 669 Wharf 2014 62 46,200 43,300 1,291 768 894 2013 64 45,400 44,900 1,411 884 1,107 Alumbrera (1) 2014 292 78,400 79,400 1,273 328 831 2013 293 83,500 78,700 1,402 (19) 731 Pueblo Viejo (1) 2014 449 325,500 332,100 1,284 457 602 2013 328 220,500 218,400 1,440 514 772 Cerro Negro (5) 2014 19,000 2013 Other (3) 2014 112 2013 127 Total continuing operations 2014 $ 3,404 1,958,500 1,943,000 $ 1,286 $ 518 $ 915 2013 $ 3,338 1,818,300 1,791,700 $ 1,434 $ 573 $ 1,096 Marigold (4) 2014 28 21,800 21,900 1,289 1,117 1,207 2013 116 79,400 79,800 1,455 894 1,604 Total including discontinued operation 2014 $ 3,432 1,980,300 1,964,900 $ 1,286 $ 525 $ 918 2013 $ 3,454 1,897,700 1,871,500 $ 1,435 $ 587 $ 1,117 (1) The Company has included certain non-gaap performance measures including the Company s share of the applicable production, sales and financial information of Alumbrera and Pueblo Viejo, throughout this document; however, these performance measures do not have any standardized meaning. The Company believes that disclosing certain performance measures including Alumbrera and Pueblo Viejo presents a more relevant measurement of the Company s operating and economic performance, and reflects the Company s view of its core mining operations. (2) Total cash costs per gold ounce on a by-product basis is calculated net of Goldcorp s share of by-product sales revenues (by-product copper sales revenues for Alumbrera; by-product silver sales revenues for Marlin and Pueblo Viejo; and by-product lead and zinc sales revenues and 75% of silver sales revenues for Peñasquito at market silver prices, and 25% of silver sales revenues for Peñasquito at $4.05 per silver ounce (2013 $4.02 per silver ounce) sold to Silver Wheaton). (3) For the purpose of calculating all-in sustaining costs, the Company includes corporate administration expense, capital expenditures incurred at the Company's regional and head office corporate offices and regional office exploration expense as corporate all-in sustaining costs in the "Other" category. These costs are not allocated to the individual mine sites as the Company measures its operations' performance on all-in sustaining costs directly incurred at the mine site. All-in sustaining costs for Other is calculated using total corporate expenditures and the Company's consolidated gold sales ounces. GOLDCORP 15

(4) The Company's 66.7% interest in Marigold continues to be classified as a discontinued operation for the three and nine months ended, 2014. The 2013 comparative information has been restated in accordance with the requirements of IFRS 5 Non-current assets held for sale and discontinued operations. (5) Gold produced represents pre-commercial production ounces from Cerro Negro. However, sales and sales related revenues are excluded as they are credited against capitalized project costs. For the three and nine months ended, 2014, Cerro Negro did not have sales related to pre-commercial production ounces. GOLDCORP 16

OPERATIONAL REVIEW Red Lake mines, Canada Operating Data September 30 2014 Three months ended June 30 March 31 December 2014 2014 31 2013 September 30 2013 Tonnes of ore milled 164,400 157,700 175,100 189,700 204,200 Average mill head grade (grams/tonne) 20.80 18.77 16.66 22.65 15.11 Average recovery rate 97% 96% 95% 95% 95% Gold (ounces) Produced 99,600 89,500 95,000 128,000 97,000 Sold 98,600 89,800 101,200 121,400 111,300 Average realized gold price (per ounce) $ 1,265 $ 1,300 $ 1,294 $ 1,243 $ 1,325 Total cash costs by-product (per ounce) $ 533 $ 656 $ 625 $ 500 $ 640 All-in sustaining costs (per ounce) $ 955 $ 1,066 $ 954 $ 822 $ 986 Mining cost per tonne $ 219.09 $ 245.61 $ 223.17 $ 211.41 $ 216.72 Milling cost per tonne $ 46.97 $ 51.38 $ 48.73 $ 47.51 $ 42.52 Financial Data Revenues $ 125 $ 117 $ 131 $ 151 $ 148 Depreciation and depletion $ 28 $ 26 $ 27 $ 29 $ 26 Earnings from operations $ 41 $ 31 $ 40 $ 60 $ 49 Expenditures on mining interests (1) $ 65 $ 56 $ 54 $ 56 $ 55 (1) Expenditures on mining interests includes expenditures incurred at the Company's Cochenour gold project. Gold production for the third quarter of 2014 of 99,600 ounces was 2,600 ounces, or 3%, higher than the third quarter of 2013 due to 38% higher grades, partially offset by 19% lower mill throughput. Tonnes from the Campbell Complex were lower due to mining higher margin ounces. The increase in grades is attributed to optimization of mining plans resulting in reduced dilution in the High Grade Zone and Campbell Complex. Gold production was impacted by the delayed pouring of 9,000 ounces at the end of third quarter of 2014 as a result of issues with the induction furnace, which have been corrected. All-in sustaining costs for the third quarter of 2014 were $955 per ounce and include by-product cash costs of $533 per ounce, which were $31 per ounce and $107 per ounce lower compared to the third quarter of 2013, respectively. The 3% decrease in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower operating costs ($160 per ounce) and a weaker Canadian dollar ($49 per ounce), partially offset by lower gold sales ($128 per ounce), higher sustaining capital expenditures ($25 per ounce), and higher exploration expenditures ($25 per ounce). The decrease in operating costs was attributable to a decrease in consumables costs ($6 million), employee and contractor costs ($6 million), site costs ($2 million), and energy costs ($1 million). The increase in sustaining capital expenditures was due to costs incurred on gas line and maintenance infrastructure projects in the third quarter of 2014. The higher exploration expenditures was attributable to an increase in exploration activity at HG Young during the third quarter of 2014. Gold production for the third quarter of 2014 was 10,100 ounces, or 11%, higher than the prior quarter due to 11% higher grades and 4% higher mill throughput. Increased grade and tonnes from the High Grade Zone resulted from the completion of the de-stress activities during the third quarter of 2014 which increased stope availability as additional High Grade Zone headings became available. All-in sustaining costs for the third quarter of 2014, including by-product cash costs, were $111 per ounce and $123 per ounce lower than the second quarter of 2014, respectively. The 10% decrease in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to higher gold production ($94 per ounce) and lower operating costs ($64 per ounce), partially offset by higher sustaining capital expenditures ($28 per ounce) and higher exploration expenditures ($19 per ounce). The decrease in operating costs was attributable to a reduction in employee costs ($3 million) and a decrease in consumables, maintenance, and site costs ($3 million). Higher exploration expenditures were attributable to an increase in exploration activity at HG Young during the third quarter of 2014. During the third quarter of 2014, exploration drilling continued from surface on HG Young with up to 5 diamond drills, where high grade results continue to be received. Rehabilitation is focused on the 14 Level at the Campbell Complex which will provide access for exploration diamond drilling from underground. This rehabilitation will also provide access for new exploration planned in 2015 that will provide further drill access to the HG Young area. Exploration continued on the NXT Zone, R Zone, FW Zone, and the PLM Zone during the third quarter of 2014 where numerous economic intersections have been identified. GOLDCORP 17

Porcupine mines, Canada Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore milled 1,123,600 1,081,400 867,700 1,081,800 1,123,600 Hoyle Pond underground (tonnes) 73,300 55,200 71,000 82,200 84,100 Hoyle Pond underground (grams/tonne) 13.84 16.82 16.30 14.80 14.14 Dome underground (tonnes) 111,800 125,500 103,500 91,300 112,000 Dome underground (grams/tonnes) 4.05 4.96 5.44 5.84 5.23 Hollinger Open Pit (tonnes) 93,800 25,700 Hollinger Open Pit (grams/tonnes) 1.26 1.15 Stockpile (tonnes) 844,700 875,000 693,200 908,300 927,500 Stockpile (grams/tonne) 1.07 0.99 0.77 0.89 0.83 Average mill head grade (grams/tonne) 2.22 2.19 2.60 2.37 2.26 Average recovery rate 92% 93% 93% 93% 94% Gold (ounces) Produced 74,300 68,800 66,500 78,900 76,000 Sold 68,400 69,600 65,700 84,300 73,200 Average realized gold price (per ounce) $ 1,272 $ 1,302 $ 1,287 $ 1,265 $ 1,339 Total cash costs by-product (per ounce) $ 663 $ 658 $ 701 $ 671 $ 637 All-in sustaining costs (per ounce) $ 946 $ 895 $ 945 $ 907 $ 921 Mining cost per tonne $ 119.89 $ 121.54 $ 127.65 $ 136.15 $ 115.16 Milling cost per tonne $ 8.72 $ 7.44 $ 8.76 $ 8.17 $ 7.82 Financial Data Revenues $ 87 $ 91 $ 85 $ 107 $ 98 Depreciation and depletion $ 11 $ 12 $ 13 $ 15 $ 13 Earnings from operations (1) $ 31 $ 21 $ 27 $ 60 $ 40 Expenditures on mining interests $ 19 $ 18 $ 19 $ 26 $ 21 (1) Earnings from operations for the three months ended June 30, 2014 and December 31, 2013 were impacted by an increase and a decrease, respectively, in non-cash provisions related to the revision in estimates in the reclamation and closure cost obligations for the Porcupine mines' closed sites of $11 million and $25 million, respectively. Gold production for the third quarter of 2014 of 74,300 ounces was 1,700 ounces, or 2%, lower than the third quarter of 2013. Porcupine consists of four mining operations, Hoyle Pond, Dome, Hollinger, and Stockpile, which feed the Dome processing facility. At Hoyle Pond, tonnes were 13% lower, as planned, due to the lower availability of long-hole stopes and the shutdown of the #1 Winze for repairs that were completed on July 19, 2014,. The Dome underground operation experienced 23% lower grades from bulk mining stopes due to the planned transition to lower grade stopes. Hollinger Open pit pre-stripping provided 93,800 tonnes of incidental ore to the mill. The Surface Stockpile processed tonnage decreased 6% due to the introduction of higher grade Hollinger feed. All-in sustaining costs for the third quarter of 2014 were $946 per ounce and include by-product cash costs of $663 per ounce, which were $25 per ounce and $26 per ounce higher compared to the third quarter of 2013, respectively. The 3% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower gold production ($63 per ounce), higher reclamation accretion expenses ($25 per ounce), and higher operating costs ($20 per ounce), partially offset by a weaker Canadian dollar ($49 per ounce) and lower sustaining capital expenditures ($34 per ounce). The decrease in sustaining capital expenditures was primarily attributable to the timing of underground projects and planned maintenance of component replacements ($2 million). Gold production for the third quarter of 2014 was 5,500 ounces, or 8%, higher than the second quarter of 2014 due to 4% higher tonnage and 1% higher grades. The Hoyle Pond underground operation experienced 33% higher tonnage as a result of the #1 Winze rehabilitation completed on July 19, 2014. With the Hollinger Open Pit generating 93,800 tonnes at a grade of 1.26 grams per tonne during the third quarter of 2014, processing of the lower grade Stockpile was displaced. GOLDCORP 18

All-in sustaining costs for the third quarter of 2014, including by-product cash costs, were $51 per ounce and $5 per ounce higher than the second quarter of 2014, respectively. The 6% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to higher sustaining capital expenditures ($43 per ounce) and lower gold sales ($14 per ounce), partially offset by lower operating costs ($6 per ounce). The increase in sustaining capital expenditures was primarily attributable to an increase in expenditures incurred on the Hoyle Deep project during the third quarter of 2014 ($3 million). Underground exploration at Hoyle Pond during the third quarter of 2014 was focused on confirming the TVZ Zone as well as expanding current ore zones, such as the high grade S veins and UP Splay Zones. During the third quarter of 2014, work at the Hoyle Deep Project continued to focus on sinking the #2 Winze shaft and advancing the lateral development to access the 1600 metre level shaft station, the 1670 metre level loading pocket, and the 1740 metre level shaft bottom. Shaft sinking advanced a total of 172 metres reaching the 1600 metre elevation and lateral development advanced 392 metres. Expenditures relating to the Hoyle Deep Project for the third quarter of 2014 totaled $9 million. At the Hollinger Open Pit Project, over-burden and rock pre-stripping activities continued with 1,164,000 tonnes placed on the Environmental Control Berm. The Environmental Control Berm is targeted for completion in the first quarter of 2015. Once completed, mining operations can commence 24 hours a day. GOLDCORP 19

Musselwhite mine, Canada Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore milled 263,600 313,400 332,200 345,500 364,500 Average mill head grade (grams/tonne) 7.67 7.12 7.30 6.88 5.37 Average recovery rate 96% 96% 96% 96% 96% Gold (ounces) Produced 62,500 67,800 74,900 74,600 59,800 Sold 62,300 67,000 68,800 78,200 56,800 Average realized gold price (per ounce) $ 1,292 $ 1,292 $ 1,281 $ 1,270 $ 1,333 Total cash costs by-product (per ounce) $ 654 $ 605 $ 643 $ 675 $ 768 All-in sustaining costs (per ounce) $ 897 $ 794 $ 787 $ 883 $ 1,114 Mining cost per tonne $ 82.17 $ 71.41 $ 85.34 $ 77.40 $ 76.15 Milling cost per tonne $ 16.01 $ 15.25 $ 15.69 $ 14.66 $ 13.70 Financial Data Revenues $ 81 $ 87 $ 88 $ 99 $ 75 Depreciation and depletion $ 14 $ 15 $ 14 $ 17 $ 12 Earnings from operations $ 23 $ 30 $ 29 $ 29 $ 19 Expenditures on mining interests $ 11 $ 12 $ 9 $ 14 $ 19 Gold production for the third quarter of 2014 of 62,500 ounces was 2,700 ounces, or 5%, higher than the third quarter of 2013 due to 43% higher grades, partially offset by 28% lower mill throughput. Higher grade stopes in the Lynx and PQ Deeps zones as well as improved dilution and ore control have resulted in higher mill head grades. Mill throughput was lower primarily due to a fourteen day planned maintenance shutdown during the third quarter of 2014 to perform plant and conveyor maintenance and to upgrade electrical infrastructure which will improve reliability of power from the grid. All-in sustaining costs for the third quarter of 2014 were $897 per ounce and include by-product cash costs of $654 per ounce, which were $217 per ounce and $114 per ounce lower compared to the third quarter of 2013, respectively. The 19% decrease in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to higher gold production ($99 per ounce), lower sustaining capital expenditures ($69 per ounce), a weaker Canadian dollar ($47 per ounce), and lower operating costs ($9 per ounce), partially offset by higher exploration expenditures ($7 per ounce). The decrease in sustaining capital expenditures was primarily attributable to a decrease in construction projects and capital development, as planned ($5 million). Gold production for the third quarter of 2014 was 5,300 ounces, or 8%, lower than the prior quarter due to 16% lower mill throughput, partially offset by 8% higher grades. The decrease in mill throughput was due to a fourteen day planned maintenance shutdown during the third quarter of 2014. Higher grades resulted from the continued mining in the higher grade areas of the Lynx Zone and PQ Deeps, as planned. All-in sustaining costs for the third quarter of 2014, including by-product cash costs, were $103 per ounce and $49 per ounce higher than the second quarter of 2014, respectively. The 13% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower gold production ($61 per ounce), higher sustaining capital expenditures ($38 per ounce), and an increase in exploration expenditures ($4 per ounce). Sustaining capital expenditures increased in the third quarter of 2014 due to increased mobile equipment and building expenditures ($2 million). Exploration in the third quarter of 2014 focused on the second phase of drilling on the West Limb target and resource extension on the PQ Deeps, with positive results achieved for both programs. The access drift for the West Limb, which will provide closer drilling platforms for the West Limb target, continues with completion expected by the third quarter of 2015. GOLDCORP 20

Peñasquito mines, Mexico Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore mined sulphide 8,437,600 10,280,100 10,025,400 13,971,100 14,723,000 Tonnes of ore mined oxide 272,100 135,700 1,121,200 2,224,600 5,095,000 Tonnes of waste removed 38,173,700 40,595,300 33,628,000 28,376,400 24,968,400 Tonnes of total material moved 46,883,400 51,011,100 44,774,600 44,572,100 44,786,500 Ratio of waste to ore 4.4 3.9 3.0 1.8 1.3 Average head grade Gold (grams/tonne) 0.59 0.78 0.59 0.55 0.50 Silver (grams/tonne) 23.21 30.08 32.92 31.05 24.08 Lead 0.23% 0.24% 0.33% 0.34% 0.27% Zinc 0.52% 0.59% 0.63% 0.58% 0.55% Sulphide Ore Tonnes of ore milled 10,446,900 10,050,000 9,220,400 9,717,100 10,115,100 Average recovery rate Gold 71% 74% 72% 76% 66% Silver 81% 82% 81% 80% 78% Lead 75% 77% 79% 78% 72% Zinc 79% 82% 80% 76% 74% Concentrates Produced Payable Metal Produced Gold (ounces) 124,000 159,400 115,500 119,900 96,000 Silver (ounces) 5,413,300 6,758,700 7,055,100 7,049,200 5,448,600 Lead (thousands of pounds) 37,000 38,600 49,500 53,600 41,000 Zinc (thousands of pounds) 81,000 91,900 87,900 80,900 76,300 Lead Concentrate (DMT) 36,600 41,400 47,100 49,700 38,800 Zinc Concentrate (DMT) 78,200 90,900 85,200 77,700 72,800 Oxide Ore Tonnes of ore processed 563,100 135,700 1,202,900 2,224,600 5,095,000 Produced Gold (ounces) 5,500 8,000 14,300 21,800 17,900 Silver (ounces) 156,000 248,100 341,200 377,800 444,000 Sulphide & Oxide Ores Payable Metal Produced Gold (ounces) 129,500 167,400 129,800 141,700 113,900 Silver (ounces) 5,569,300 7,006,800 7,396,300 7,427,000 5,892,600 Lead (thousands of pounds) 37,000 38,600 49,500 53,600 41,000 Zinc (thousands of pounds) 81,000 91,900 87,900 80,900 76,300 Gold Equivalent Ounces (1) 305,400 376,300 346,000 356,400 291,000 GOLDCORP 21

Sulphide and Oxide Ores Payable Metal Sold September 30 2014 June 30 2014 Three months ended March 31 2014 December 31 2013 September 30 2013 Gold (ounces) 144,000 170,900 120,700 135,700 106,600 Silver (ounces) 6,439,300 7,863,400 7,118,400 6,687,600 6,056,300 Lead (thousands of pounds) 41,400 43,200 45,300 46,100 40,800 Zinc (thousands of pounds) 85,400 77,000 90,100 77,000 66,800 Average realized prices Gold (per ounce) $ 1,236 $ 1,305 $ 1,333 $ 1,222 $ 1,370 Silver (per ounce) (2) $ 14.70 $ 16.28 $ 16.73 $ 16.18 $ 17.84 Lead (per pound) $ 0.98 $ 0.97 $ 0.91 $ 1.00 $ 0.95 Zinc (per pound) $ 1.07 $ 1.00 $ 0.90 $ 0.91 $ 0.85 Total Cash Costs by-product (per ounce) (3)(6) $ 579 $ 124 $ 179 $ 102 $ 403 Total Cash Costs co-product (per ounce) (3)(6) $ 819 $ 610 $ 707 $ 666 $ 843 All-in sustaining costs (per ounce) (6) $ 1,142 $ 362 $ 371 $ 473 $ 830 Mining cost per tonne $ 2.49 $ 2.21 $ 2.22 $ 2.27 $ 2.18 Milling cost per tonne $ 6.22 $ 7.05 $ 7.99 $ 7.25 $ 7.41 General and administrative cost per tonne milled $ 2.64 $ 2.38 $ 2.36 $ 2.19 $ 2.18 Off-site cost per tonne sold (lead) (4) $ 753 $ 842 $ 644 $ 730 $ 725 Off-site cost per tonne sold (zinc) (4) $ 384 $ 372 $ 352 $ 341 $ 347 Financial Data Revenues (2) $ 361 $ 424 $ 362 $ 348 $ 315 Depreciation and depletion (7) $ 78 $ 69 $ 56 $ 42 $ 41 Earnings from operations (2) $ 15 $ 131 $ 80 $ 106 $ 55 Expenditures on mining interests (5) $ 87 $ 56 $ 19 $ 68 $ 56 (1) Gold equivalent ounces are calculated using the following assumptions: $1,300 per ounce of gold; by-product metal prices of $22.00 per ounce of silver; $3.00 per pound copper; $0.90 per pound of zinc; and $0.90 per pound of lead (2013 $1,350; $24.00; $3.00; $0.85; and $0.80 respectively). By-product metals are converted to gold equivalent ounces by multiplying by-product metal production with the associated by-product metal price and dividing it by the gold price. (2) Includes 25% of silver ounces sold to Silver Wheaton at $4.05 per ounce (2013 $4.02 ounce). The remaining 75% of silver ounces are sold at market rates. (3) The calculation of total cash costs per ounce of gold is net of by-product silver, lead and zinc sales revenues. If silver, lead and zinc were treated as co-products, total cash costs for the three months ended, 2014 would be $819 per ounce of gold; $11.99 per ounce of silver; $1.02 per pound of lead; and $0.85 per pound of zinc (2013 $843; $13.64; $0.80; and $0.67, respectively). Production costs are allocated to each co-product based on the ratio of actual sales volumes multiplied by budget metal prices (see page 2). The actual and budget silver price for Peñasquito takes into consideration that 25% of silver ounces are sold to Silver Wheaton at $4.05 per ounce (2013 $4.02 ounce) with the remaining 75% of silver ounces sold at market rates. Using actual realized sales prices, the co-product total cash costs for the three months ended, 2014 would be $822 per ounce of gold; $10.85 per ounce of silver; $0.99 per pound of lead; and $0.94 per pound of zinc (2013 $844; $12.28; $0.91; and $0.72, respectively). (4) Off-site costs consist primarily of transportation, warehousing, and treatment and refining charges. (5) Expenditures on mining interests includes expenditures incurred at the Company's Camino Rojo gold project. (6) Includes a $41 million cash reduction of the carrying value of the low-grade stockpile to net realizable value in the third quarter of 2014. Excluding the impact of the carrying value reduction, total cash costs by-product were $292 per ounce, total cash costs co-product were $694 per ounce, and all-in sustaining costs were $854 per ounce. (7) Depreciation and depletion in the third quarter of 2014 includes a $14 million reduction of the carrying value of the low-grade stockpile inventory to net realizable value. Gold production for the third quarter of 2014 of 129,500 ounces was 15,600 ounces, or 14%, higher than the third quarter of 2013 due to 18% higher gold ore grades, 8% higher metallurgical recoveries, and 3% higher mill throughput for sulphide production, partially offset by 69% lower oxide production. Higher ore grades resulted from continued mining in higher grade ore benches at the bottom of Phase 4 supplemented by ore stockpiles. Higher metallurgical recoveries were the result of operational improvements in the efficiency of the flotation cells operation. Higher mill throughput resulted from better ore fragmentation and the improved operation of the Augmented Feed circuit and High Pressure Grinding Roll. Waste removal was 53% higher in the third quarter of 2014 as stripping activities increased in preparation for mining of Phase 5C and 5D of the Pit. In addition, mining costs per tonne were impacted by lower equipment availability, increased hauling distances, lower mine equipment productivity, and wet weather conditions. GOLDCORP 22

All-in sustaining costs for the third quarter of 2014 were $1,142 per ounce and include by-product cash costs of $579 per ounce, which were $312 per ounce and $176 per ounce higher compared to the third quarter of 2013, respectively. During the third quarter of 2014, the carrying value of the low-grade stockpile was reduced by $41 million to net realizable value due to improvements to the mine plan that defers processing of low-grade stockpiles to the end of the mine life and also recognizing lower anticipated recoveries from those stockpiles. Excluding the impact of the low-grade stockpile carrying value reduction, all-in sustaining costs were $854 per ounce for the third quarter of 2014 and include byproduct cash costs of $292 per ounce, which were $24 per ounce higher and $111 per ounce lower compared to the third quarter of 2013. The 3% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts and excluding the impact of the low-grade stockpile carrying value reduction) was due to lower by-product credit sales ($368 per ounce), higher sustaining capital expenditures ($245 per ounce), higher operating costs ($131 per ounce), and higher reclamation accretion expenses ($6 per ounce), partially offset by higher gold production ($719 per ounce) and a weaker Mexican peso ($7 per ounce). Higher operating costs were primarily attributable to an increase in labour costs resulting from the annual settlement of labour agreements ($6 million) and increased community payments ($6 million). Higher sustaining capital expenditures were primarily attributable to higher capitalized stripping costs in Phase 5 of the Pit in the third quarter of 2014 ($30 million), which is expected to continue for the remainder of 2014, and deposits on the purchase of mining equipment ($11 million). Gold production for the third quarter of 2014 was 37,900 ounces, or 23%, lower than the second quarter of 2014 due to 4% lower metallurgical recoveries, 24% lower grades, and 31% lower oxide gold production, partially offset by 4% higher mill throughput. The decrease in oxide gold production was due to lower oxide tonnes being leached on the pad. Lower ore grades were primarily a result of the supplementing of fresh ore feed with ore rehandled from stockpiles. All-in sustaining costs for the third quarter of 2014, including by-product cash costs, were $780 per ounce and $455 per ounce higher, than the second quarter of 2014, respectively. Excluding the impact of the low-grade stockpile carrying value reduction in the third quarter of 2014, allin sustaining costs, including by-product cash costs, were $492 per ounce and $168 per ounce higher compared to the second quarter of 2014. The 136% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts and excluding the impact of the low-grade stockpile carrying value reduction) was due to lower gold production ($342 per ounce) and higher sustaining capital expenditures ($278 per ounce), partially offset by higher by-product credit sales ($104 per ounce), lower operating costs ($17 per ounce), and a weaker Mexican peso ($7 per ounce). The increase in sustaining capital expenditures was primarily attributable to higher capitalized stripping costs in the third quarter of 2014 ($13 million), deposits on the purchase of mining equipment ($11 million), and mobile equipment purchases ($8 million) during the third quarter of 2014. The provisional pricing impact of realized gold, silver, lead, and zinc prices during the third quarter of 2014 was not significant. Construction activities continued on the Northern Well Field ("NWF") project in the third quarter of 2014 and focused on earthworks. During the third quarter of 2014, the remaining construction contracts were finalized and construction is now ramping up to full activity levels. Completion of the NWF project continues to be anticipated for mid-year 2015. Activities to address the additional regulatory requirements related to the interconnection to the existing wells field continued as planned. Contingency plans remain in place for fresh water supply to Peñasquito until the NWF is operational. Studies for the long-term tailings facility continued during the third quarter of 2014 and three viable options are being evaluated. In addition, studies are underway to evaluate extending the existing tailings facility's life beyond 2018. Engineering redesign and modification of the Waste Rock Overland Conveyor System was completed in the third quarter of 2014 with transfer chutes fabrication and installation currently underway with expected completion in December 2014. The transfer chutes redesign, modifications to the sizer, and improved waste material selection is expected to increase production from the current 3,000 tonnes per hour to approximately 8,000 tonnes per hour. The Concentrate Enrichment Process ("CEP") and Pyrite Leach project pre-feasibility studies continued during the third quarter of 2014 with expected completion in late 2014 and early 2015, respectively. Successful implementation of one or both of these new process improvements has the potential to significantly improve the overall economics and life of the mine of Peñasquito, through addition of another saleable product with the CEP, and increasing gold and silver recoveries from the Pyrite Leach process. The exploration drilling program continued in the third quarter of 2014, completing a total of 6,556 metres drilled. The exploration program continues to define the intersection of the copper-gold sulphide-rich skarn ore body and porphyry deposit located below and adjacent to the diatreme ore body. Current exploration activities continue to focus on the in-fill of the vertical and horizontal size and extension of the skarn deposit where intersections show low gold and copper grades. In 2005, prior to construction of the Peñasquito mine, an agreement was negotiated with the Cerro Gordo Ejido for the use of 600 hectares (approximately 1,483 acres) of surface land within the confines of the proposed mine site. These lands now include 60% of the mine pit area, a portion of the waste rock facilities and explosive magazine storage area. The terms of the agreement were based on comparable surface valuations in the region as well as on similar agreements with the Peñasquito mine and other Mexican mining operations. In 2009, the Cerro Gordo Ejido commenced an action against Minera Peñasquito in Mexico s agrarian courts challenging the land use agreement. Following a GOLDCORP 23

series of legal proceedings, the agrarian courts ruled on June 18, 2013, that the land use agreement was null and ordered the surface land to be returned to the Cerro Gordo Ejido for payment of 2.4 million Mexican pesos. Constitutional claims are currently proceeding in the First District Court of Zacatecas by the Cedros and Mazapil Ejidos and a local transportation union. The State of Zacatecas has filed its own constitutional claim against the agrarian court s ruling and under this claim a suspension of the agrarian court s ruling has been issued. Federal criminal charges were filed against the agrarian judge who presided at the trial of first instance which started in 2009 and several members of a prior Cerro Gordo Ejido leadership committee who originally approved the land use agreement. The Attorney General has issued an assurance measure protecting the status of the disputed lands pending conclusion of the related criminal investigation. With the assurance measure, Minera Peñasquito has sole custody of the disputed lands. Goldcorp has filed with the office of the Secretaría De Desarrollo Agrario Territorial y Urbano ("SEDATU") the required documents to expropriate the disputed lands. In addition, Goldcorp will continue to employ all legal means at its disposal to ensure continuity of operations and to protect Goldcorp s mineral concession rights consistent with Mexican law. Operations at the Peñasquito mine have not been impacted. However, in the event the suspension of the agrarian court ruling is revoked or the constitutional claims by the State of Zacatecas, Ejido Cedros, Ejido Mazapil and transportation union are ultimately rejected, and the assurance measure is removed, Ejido Cerro Gordo would, absent any other intervening event, be entitled to possession of the disputed lands. Should this occur, mine operations would be adversely impacted, and in such circumstances, the ultimate resolution of this matter is not determinable at this time. Settlement discussions facilitated by the Mexican federal government commenced in June 2014. Goldcorp prefers to resolve this dispute through negotiations with the Cerro Gordo Ejido and believes that with continued discussions a mutually beneficial settlement can be reached. GOLDCORP 24

Los Filos mine, Mexico Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore mined 5,727,700 3,472,600 6,877,700 7,579,800 6,805,300 Tonnes of waste removed 10,910,200 6,608,800 10,156,600 10,547,800 11,626,000 Ratio of waste to ore 1.9 1.9 1.5 1.4 1.7 Tonnes of ore processed 5,722,600 3,480,200 6,834,300 8,046,500 6,753,400 Average grade processed (grams/tonne) 0.73 0.75 0.72 0.74 0.67 Average recovery rate (1) 49% 49% 49% 49% 49% Gold (ounces) Produced 64,100 48,700 80,000 94,000 73,400 Sold 66,500 45,700 81,900 88,800 73,600 Average realized gold price (per ounce) $ 1,281 $ 1,280 $ 1,289 $ 1,263 $ 1,335 Total cash costs by-product (per ounce) $ 623 $ 778 $ 638 $ 637 $ 640 All-in sustaining costs (per ounce) $ 808 $ 1,077 $ 805 $ 860 $ 891 Open-pit mining cost per tonne $ 1.78 $ 1.65 $ 1.67 $ 1.84 $ 1.77 Processing cost per tonne leached $ 2.51 $ 2.37 $ 2.15 $ 2.12 $ 2.31 Financial Data Revenues $ 86 $ 58 $ 106 $ 113 $ 98 Depreciation and depletion $ 13 $ 12 $ 16 $ 17 $ 13 Earnings from operations $ 30 $ 10 $ 37 $ 40 $ 37 Expenditures for mining interests $ 11 $ 11 $ 16 $ 13 $ 13 (1) Recovery is reported on a cumulative basis to reflect the cumulative recovery of ore on the leach pad, and does not reflect the true recovery expected over time. Gold production for the third quarter of 2014 of 64,100 ounces was 9,300 ounces, or 13%, lower than the third quarter of 2013 as a result of 15% lower ore processed, partially offset by 9% higher grades. The decrease in ore processed was impacted by the higher waste to ore strip ratio resulting in less ore available for placement on the heap leach pad. All-in sustaining costs for the third quarter of 2014 were $808 per ounce and include by-product cash costs of $623 per ounce, which were $83 per ounce and $17 per ounce lower compared to the third quarter of 2013, respectively. The 9% decrease in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower sustaining capital expenditures ($94 per ounce) and lower operating costs ($84 per ounce), partially offset by lower gold production ($95 per ounce). The decrease in operating costs was primarily attributable to a decrease in maintenance costs ($3 million) and labour and contractor costs ($2 million). The decrease in sustaining capital expenditures was primarily attributable to a decrease in expenditures incurred on the heap leach pad construction ($3 million) and site camp construction ($2 million) during the third quarter of 2014. Gold production for the third quarter of 2014 was 15,400 ounces, or 32%, higher than the second quarter of 2014 as a result of the suspension of process operations in the second quarter of 2014. All-in sustaining costs for the third quarter of 2014, including by-product cash costs, were $269 per ounce and $155 per ounce lower than the second quarter of 2014, respectively. The 25% decrease in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to higher gold production ($247 per ounce) and lower sustaining capital expenditures ($22 per ounce). Construction of the next stage of the heap leach pad commenced during the third quarter of 2014 and is expected to be completed mid-2015. The exploration program continues to focus on in-fill drilling and converting inferred mineral resources into reserves at El Bermejal north and the underground mine. GOLDCORP 25

El Sauzal mine, Mexico Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore mined 163,100 476,400 572,900 559,100 587,300 Tonnes of waste removed 2,584,000 3,343,700 3,062,300 3,379,600 3,121,900 Ratio of waste to ore 15.8 7.0 5.3 6.0 5.3 Tonnes of ore milled 169,700 453,700 493,300 461,800 504,500 Average mill head grade (grams/tonne) 1.20 1.21 1.16 1.54 1.40 Average recovery rate 91% 88% 82% 93% 94% Gold (ounces) Produced 6,100 15,600 15,100 21,300 21,400 Sold 9,700 14,500 12,900 21,200 21,800 Average realized gold price (per ounce) $ 1,307 $ 1,291 $ 1,277 $ 1,269 $ 1,334 Total cash costs by-product (per ounce) $ 2,004 $ 1,011 $ 994 $ 850 $ 751 All-in sustaining costs (per ounce) $ 2,198 $ 1,234 $ 1,168 $ 880 $ 831 Mining cost per tonne $ 2.51 $ 1.56 $ 1.81 $ 1.97 $ 1.77 Milling cost per tonne $ 23.31 $ 13.16 $ 10.75 $ 13.79 $ 11.98 Financial Data Revenues $ 12 $ 19 $ 17 $ 27 $ 30 Depreciation and depletion $ 4 $ 4 $ 4 $ 8 $ 9 (Loss) earnings from operations (1) $ (30) $ (1) $ (1) $ (28) $ 2 Expenditures on mining interests $ $ $ $ $ (1) During the third quarter of 2014, the Company recorded impairment charges of $19 million before tax ($13 million after tax) related to El Sauzal as a result of a decrease in recoverable ounces and associated cash flows over the remaining life of mine due to the instability conditions of the Trini Pit. During the fourth quarter of 2013, the Company recorded impairment charges of $29 million before tax ($20 million after tax) related to El Sauzal as a result of changes in metal price assumptions and the increase in estimated reclamation costs as the mine approached the end of its life. During the third quarter of 2014, as a safety precaution to address movement in the highwall slope of the Trini Pit, the only remaining active pit at El Sauzal, mining operations were suspended. A geotechnical team, including third party experts, assessed the potential impact of the instability on the operations of El Sauzal and concluded that the Trini Pit can no longer be safely mined as intended. Mining is now focused in a small area of the Trini Pit during daylight hours in an attempt to facilitate failure of the open pit highwall. Successful stabilization of the pit highwall will enable implementation of a final reclamation plan and possible recovery of a portion of the remaining ounces. The inability to mine the Trini Pit has resulted in a decision to accelerate the closure of El Sauzal beginning in the fourth quarter of 2014. As a result, an impairment of $19 million related to the carrying value of El Sauzal was recognized in the third quarter of 2014. Remediation activities required for the closure of the El Sauzal mine continued during the third quarter of 2014 with a focus on over-burden dumps, re-vegetation, and tailings re-grading. Engineering design continues on water management, diversion channels, and infiltration studies. Gold production for the third quarter of 2014 of 6,100 ounces was 15,300 ounces, or 71%, lower than the third quarter of 2013 due to the suspension of mine operations at the end of August 2014 due to the Trini Pit instability and 14% lower grades resulting from the presence of silica encapsulation of gold in the ore produced. All-in sustaining costs for the third quarter of 2014 were $2,198 per ounce and include by-product cash costs of $2,004 per ounce, which were $1,367 per ounce and $1,253 per ounce higher compared to the third quarter of 2013, respectively. The 165% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower gold production ($1,361 per ounce) and higher reclamation accretion expenses ($36 per ounce), partially offset by lower sustaining capital expenditures ($20 per ounce) and a weaker Mexican peso ($10 per ounce). Reclamation accretion expenses increased during the third quarter of 2014 due to the revision of the reclamation and closure cost obligation in the fourth quarter of 2013. Gold production for the third quarter of 2014 was 9,500 ounces, or 61%, lower than the second quarter of 2014, due to the suspension of mine operations from August 2014. GOLDCORP 26

All-in sustaining costs for the third quarter of 2014, including by-product cash cost, were $964 per ounce and $993 per ounce higher than the second quarter of 2014, respectively. The 78% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower gold production ($1,114 per ounce), partially offset by lower reclamation accretion expenses ($120 per ounce), lower sustaining capital expenditures ($18 per ounce), and a weaker Mexican peso ($12 per ounce). GOLDCORP 27

Marlin mine, Guatemala Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore milled 485,000 485,400 472,700 491,700 497,800 Average mill head grade (grams/tonne) Gold 2.98 2.88 3.15 3.36 3.24 Silver 113 109 132 131 118 Average recovery rate Gold 97% 97% 97% 97% 96% Silver 91% 94% 94% 93% 92% Produced (ounces) Gold 45,400 43,500 45,300 52,800 49,400 Silver 1,658,000 1,584,400 1,836,000 1,969,100 1,715,000 Gold Equivalent Ounces (1) 73,500 70,300 76,400 87,800 79,900 Sold (ounces) Gold 44,500 43,600 41,900 54,700 51,200 Silver 1,626,500 1,579,600 1,699,900 2,011,800 1,779,200 Average realized price (per ounce) Gold $ 1,264 $ 1,291 $ 1,300 $ 1,260 $ 1,344 Silver $ 18.64 $ 19.78 $ 20.62 $ 20.63 $ 21.43 Total cash costs by-product (per ounce) (2) $ 478 $ 525 $ 277 $ 159 $ 259 Total cash costs co-product (per ounce) (2) $ 716 $ 770 $ 658 $ 539 $ 603 All-in sustaining costs (per ounce) $ 985 $ 981 $ 809 $ 515 $ 635 Mining cost per tonne $ 80.60 $ 75.39 $ 70.64 $ 61.61 $ 65.96 Milling cost per tonne $ 26.33 $ 25.24 $ 27.66 $ 24.11 $ 25.47 Financial Data Revenues $ 87 $ 88 $ 89 $ 111 $ 107 Depreciation and depletion $ 38 $ 36 $ 35 $ 39 $ 37 (Loss) earnings from operations $ (3) $ (7) $ 5 $ 18 $ 18 Expenditures on mining interests $ 19 $ 22 $ 16 $ 15 $ 15 (1) Gold equivalent ounces are calculated using the following assumptions: $1,300 per ounce of gold; by-product metal prices of $22.00 per ounce of silver; $3.00 per pound of copper; $0.90 per pound zinc; and $0.90 per pound of lead (2013 $1,350; $24.00; $3.00; $0.85; and $0.80, respectively). By-product metals are converted to gold equivalent ounces by multiplying by-product metal production with the associated by-product metal price and dividing it by the gold price. (2) The calculation of total cash costs per ounce of gold is net of by-product silver sales revenues. If silver were treated as a co-product, average total cash costs at Marlin for the three months ended, 2014 would be $716 per ounce of gold and $12.13 per ounce of silver (2013 $603 and $11.53, respectively). Production costs are allocated to each co-product based on the ratio of actual sales volumes multiplied by budget metal prices (see page 2). Using actual realized sales prices, the co-product total cash costs for the three months ended, 2014 would be $748 per ounce of gold and $11.24 per ounce of silver (2013 $641 and $10.45, respectively). Gold and silver production for the third quarter of 2014 of 45,400 ounces and 1,658,000 ounces was 4,000 ounces, or 8%, and 57,000 ounces, or 3%, lower than the third quarter of 2013, respectively. The decrease in gold production was due to 8% lower ore grades and 3% lower tonnes milled, partially offset by 1% higher recoveries. The decrease in silver production was due to 4% lower ore grades, 3% lower tonnes milled, and 1% lower recoveries. The lower gold and silver ore grades were consistent with the mine plan. Recoveries of gold increased due to ongoing Operating for Excellence ("O4E") initiatives. With underground mining commencing in the Cochis area in December 2013 and continued advancement deeper underground during 2014, mining cost per tonne are increasing. Further, exploration is underway to potentially extend the current life of mine. During the third quarter of 2014, exploration expenditures were $4 million, of which $2 million was expensed and $2 million was capitalized. All-in sustaining costs for the third quarter of 2014 were $985 per ounce and include by-product cash costs of $478 per ounce, which were $350 per ounce and $219 per ounce higher compared to the third quarter of 2013, respectively. The 55% increase in all-in sustaining costs (inclusive GOLDCORP 28

of the by-product cash cost impacts) was due to lower gold production ($207 per ounce), higher sustaining capital expenditures ($79 per ounce), and lower by-product silver sales credits ($64 per ounce). The increase in sustaining capital expenditures was primarily attributable to higher underground equipment purchases in the third quarter of 2014 ($2 million). Gold and silver production in the third quarter of 2014 was 1,900 ounces, or 4%, and 73,600 ounces, or 5%, higher than the second quarter of 2014, respectively. The increase in gold and silver production was primarily attributable to higher ore grades of 3% and 4%, respectively. All-in sustaining costs for the third quarter of 2014, including by-product cash costs, were $4 per ounce higher and $47 per ounce lower compared to the second quarter of 2014, respectively. The increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to higher sustaining capital expenditures ($62 per ounce) and lower by-product silver sales credits ($34 per ounce), partially offset by lower operating costs ($59 per ounce) and higher gold production ($33 per ounce). GOLDCORP 29

Wharf mine, United States Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore mined 1,105,600 1,015,800 751,100 591,800 166,800 Tonnes of ore processed 1,082,900 975,000 751,100 637,100 996,900 Average grade processed (grams/tonne) 0.73 0.72 0.82 0.98 0.63 Average recovery rate 80% 80% 80% 79% 80% Gold (ounces) Produced 16,200 15,000 15,000 10,800 16,700 Sold 14,400 15,500 13,400 10,600 18,200 Average realized gold price (per ounce) $ 1,291 $ 1,298 $ 1,285 $ 1,266 $ 1,310 Total cash costs by-product (per ounce) (1) $ 845 $ 711 $ 751 $ 1,092 $ 980 All-in sustaining costs (per ounce) $ 1,028 $ 804 $ 856 $ 1,411 $ 1,204 Mining cost per tonne $ 2.93 $ 2.97 $ 2.98 $ 3.01 $ 4.08 Processing cost per tonne $ 1.57 $ 1.33 $ 1.76 $ 2.45 $ 1.56 Financial Data Revenues $ 20 $ 22 $ 20 $ 14 $ 24 Depreciation and depletion $ 1 $ 1 $ 1 $ 1 $ 1 Earnings from operations $ 5 $ 9 $ 6 $ 1 $ 5 Expenditures on mining interests $ 1 $ 1 $ 1 $ 1 $ 4 (1) The calculation of total cash costs per ounce of gold is net of by-product silver sales revenues of $1 million for the three months ended, 2014 (nine months ended, 2014 $6 million). If silver were treated as a co-product, average total cash costs at Wharf for the three and nine months ended, 2014 would be $873 per ounce and $815 per ounce of gold, respectively, and $14.47 per ounce and $13.46 per ounce of silver, respectively. Production costs are allocated to each co-product based on the ratio of actual sales volumes multiplied by budget metal prices (see page 2). Using actual realized sales prices, the co-product total cash costs for the three and nine months ended, 2014 would be $877 per ounce and $820 per ounce of gold, respectively, and $13.69 per ounce and $12.62 per ounce of silver, respectively. Gold production for the third quarter of 2014 of 16,200 ounces was 500 ounces, or 3%, lower than the third quarter of 2013 due to timing of metal recovery from the Heap Leach Pads as a result of silver loading in the processing circuit, partially offset by 16% higher grades. Tonnes processed increased 9% during the third quarter of 2014 as efficiencies continued to be realized throughout the crusher plant as part of the ongoing O4E initiatives. Grades and ore tonnes mined were in line with the mine plan as production was sourced from expansion into the Golden Reward Harmony pit and mining of higher grade material from benches at the bottom of the American Eagle pit. All-in sustaining costs for the third quarter of 2014 were $1,028 per ounce and include by-product cash costs of $845 per ounce, which were $176 per ounce and $135 per ounce lower compared to the third quarter of 2013, respectively. The 15% decrease in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower operating costs ($313 per ounce), lower sustaining capital expenditure ($106 per ounce), and higher by-product silver sales credits ($79 per ounce), partially offset by lower gold sales ($322 per ounce). The decrease in operating costs was attributable to lower labour and contractor costs ($4 million) and lower consumables costs ($1 million). The decrease in sustaining capital expenditures was primarily attributable to the construction of the highway relocation project in the prior year. Gold production for the third quarter of 2014 was 1,200 ounces, or 8%, higher than the second quarter of 2014 as a result of 11% higher tonnes processed due to favourable crushing conditions, at similar grades and recovery, as expected in the mine plan. All-in sustaining costs for the third quarter of 2014, including by-product cash costs, were $224 per ounce and $134 per ounce higher than the second quarter of 2014, respectively. The 28% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to higher sustaining capital expenditures ($84 per ounce), lower gold sales ($76 per ounce), higher operating costs ($34 per ounce), and lower by-product silver sales credits ($30 per ounce). The increase in operating costs was primarily attributable to higher labour and contractor costs and higher consumables costs. The increase in sustaining capital expenditures was primarily attributable to the completion of the water treatment plant during the third quarter of 2014 which is used to reduce nitrates in the process cycle. GOLDCORP 30

Alumbrera mine, Argentina (Goldcorp s interest 37.5%) Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore mined 884,500 1,455,100 1,409,200 3,585,800 2,420,700 Tonnes of waste removed 3,466,500 4,568,200 4,504,600 4,098,200 4,847,400 Ratio of waste to ore 3.9 3.1 3.2 1.1 2.0 Tonnes of ore milled 2,964,100 3,492,300 3,324,400 3,634,800 3,304,300 Average mill head grade Gold (grams/tonne) 0.34 0.34 0.42 0.40 0.37 Copper 0.32% 0.33% 0.39% 0.43% 0.37% Average recovery rate Gold 70% 65% 67% 73% 74% Copper 79% 74% 77% 84% 81% Produced Gold (ounces) 22,800 25,300 30,300 34,000 28,900 Copper (thousands of pounds) 16,800 19,300 21,500 28,800 21,400 Gold Equivalent Ounces (1) 61,600 69,700 79,900 98,000 76,500 Sold Gold (ounces) 21,600 17,300 40,500 24,900 32,000 Copper (thousands of pounds) 18,600 13,000 32,100 20,300 21,800 Average realized price Gold (per ounce) $ 1,223 $ 1,287 $ 1,293 $ 1,249 $ 1,379 Copper (per pound) $ 2.98 $ 3.39 $ 3.09 $ 3.21 $ 3.40 Total cash costs by-product (per ounce) (2) $ 819 $ 238 $ 106 $ (558) $ (281) Total cash costs co-product (per ounce) (2) $ 1,006 $ 910 $ 784 $ 692 $ 777 All-in sustaining costs (per gold ounce) $ 1,404 $ 1,050 $ 433 $ 37 $ 307 Mining cost per tonne $ 4.36 $ 3.45 $ 3.53 $ 3.02 $ 3.17 Milling cost per tonne $ 7.28 $ 6.07 $ 5.72 $ 5.80 $ 6.77 Financial Data (3) Revenues $ 79 $ 67 $ 146 $ 95 $ 119 Depreciation and depletion $ 7 $ 7 $ 7 $ 49 $ 28 Earnings (loss) from operations (4) $ 2 $ 10 $ 41 $ (399) $ 25 Expenditures on mining interests $ 20 $ 10 $ 9 $ 10 $ 20 (1) Gold equivalent ounces are calculated using the following assumptions: $1,300 per ounce of gold; by-product metal prices of $22.00 per ounce of silver; $3.00 per pound of copper; $0.90 per pound of zinc; and $0.90 per pound of lead (2013 $1,350; $24.00; $3.00; $0.85; and $0.80, respectively). By-product metals are converted to gold equivalent ounces by multiplying by-product metal production with the associated by-product metal price and dividing it by the gold price. (2) The calculation of total cash costs per ounce of gold is net of by-product copper sales revenue. If copper were treated as a co-product, total cash costs for the three months ended, 2014 would be $1,006 per ounce of gold and $2.78 per pound of copper (2013 $777 and $1.94, respectively). Production costs are allocated to each co-product based on the ratio of actual sales volumes multiplied by budget metal prices (see page 2). Using actual realized sales prices, the co-product total cash costs for the three months ended, 2014 would be $1,033 per ounce of gold and $2.78 per pound of copper (2013 $741 and $2.07, respectively). (3) The Company s 37.5% interest in Alumbrera is classified as an investment in associate and is accounted for using the equity method with the Company s share of net earnings and net assets separately disclosed in the Consolidated Statements of (Loss) Earnings and Consolidated Balance Sheets, respectively. The financial data disclosed in the table represents the financial data of Alumbrera on a proportionate rather than equity basis. (4) During the fourth quarter of 2013, the Company recognized an impairment expense of $276 million before tax ($276 million, after tax) in respect of its investment in Alumbrera. For the three months ended, 2014, the Company's equity loss from Alumbrera was $4 million (nine months ended September 30, 2014 equity earnings of $14 million). The Company received $38 million of dividends from Alumbrera during the third quarter of 2014 (nine months ended, 2014 $105 million). GOLDCORP 31

Goldcorp s share of Alumbrera s gold and copper production in the third quarter of 2014 of 22,800 ounces and 16.8 million pounds was 6,100 ounces, or 21%, and 4.6 million pounds, or 21%, lower, respectively, than the third quarter of 2013. Gold and copper production decreased due to lower head grades, recoveries, and ore tonnes milled. Total material mined was 40% lower than the third quarter of 2013 due to a geotechnical event in mid-august 2014 preventing access to the pit and resulting in the suspension of mining activities for the remainder of the third quarter of 2014. One ramp was restored at the end of September 2014, reestablishing access to higher grade ore at the bottom of the pit. By October 4, 2014, access to the second ramp was also restored and full mine operations recommenced. Gold and copper grades were also lower than the third quarter of 2013 due to processing of lower grade ore from the stockpile to supplement ore feed to mill during the third quarter of 2014. All-in sustaining costs for the third quarter of 2014 were $1,404 per ounce and include by-product cash costs of $819 per ounce, which were $1,097 per ounce and $1,100 per ounce higher compared to the third quarter of 2013, respectively. The 357% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower gold production ($2,003 per ounce), higher reclamation accretion expenses ($155 per ounce), and higher royalties ($64 per ounce), partially offset by a weaker Argentinian Peso as a result of the devaluation in the first quarter of 2014 ($1,125 per ounce). Goldcorp s share of Alumbrera s gold and copper production in the third quarter of 2014 was 2,500 ounces, or 10%, and 2.5 million pounds, or 13%, respectively, lower than the second quarter of 2014. Gold production was lower due to 15% lower tonnes milled, partially offset by 8% higher recoveries. Copper production was lower due to lower tonnes milled and 3% lower grades, partially offset by 7% higher recoveries. Total material mined was 28% lower than the second quarter of 2014 due to a geotechnical event in mid-august 2014 preventing access to the pit and resulting in the suspension of mining activities for the remainder of the third quarter of 2014. Gold and copper recoveries were higher in the third quarter of 2014 due to higher residence time of the pulp in the flotation circuit as a result of lower ore milled. All-in sustaining costs for the third quarter, including by-product cash costs, were $354 per ounce and $581 per ounce higher than the second quarter of 2014, respectively. The 34% increase in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to higher operating costs ($463 per ounce), higher export taxes ($89 per ounce), and lower by-product copper sales credits ($56 per ounce), partially offset by higher gold sales ($119 per ounce), a weaker Argentinian Peso ($69 per ounce), and lower sustaining capital expenditures ($66 per ounce). The increase in operating costs was primarily attributable to an increase in maintenance costs ($6 million) and labour costs as a result of annual labour negotiations ($4 million). The provisional pricing impact of lower realized copper prices during the third quarter of 2014 was a negative $4 million. In July 2014, Alumbrera terminated its option to acquire Yamana Gold Inc.'s 100% interest in the Agua Rica project in Argentina. GOLDCORP 32

Pueblo Viejo mine, Dominican Republic (Goldcorp s interest 40%) Three months ended September June 30 March 31 December September Operating Data 30 2014 2014 2014 31 2013 30 2013 Tonnes of ore mined 1,599,700 2,008,600 2,541,800 1,720,100 672,200 Tonnes of waste removed 2,002,900 1,492,000 867,000 915,900 186,900 Ratio of waste to ore 1.25 0.74 0.34 0.53 0.28 Tonnes of ore processed 655,600 650,200 653,900 632,400 407,200 Average grade (grams/tonne) Gold 5.72 5.47 5.52 5.68 6.23 Silver 33.9 28.6 29.0 37.7 48.9 Average recovery rate Gold 93% 94% 92% 91% 92% Silver 49% 66% 58% 49% 23% Produced Gold (ounces) 112,200 107,100 106,200 104,700 75,400 Silver (ounces) 354,800 392,800 349,100 372,000 137,000 Sold Gold Equivalent Ounces (1) 118,200 113,700 112,100 111,300 77,800 Gold (ounces) 111,400 105,600 115,100 78,000 82,000 Silver (ounces) 388,600 365,100 379,400 188,800 190,200 Average realized price Gold (per ounce) $ 1,280 $ 1,286 $ 1,287 $ 1,278 $ 1,318 Silver (per ounce) $ 20.12 $ 19.50 $ 20.65 $ 20.68 $ 20.89 Total cash costs by-product (per ounce) (2) $ 438 $ 438 $ 493 $ 592 $ 553 Total cash costs co-product (per ounce) (2) $ 481 $ 478 $ 532 $ 614 $ 576 All-in sustaining costs (per gold ounce) $ 559 $ 618 $ 628 $ 688 $ 690 Mining cost per tonne $ 3.55 $ 2.38 $ 2.64 $ 2.84 $ 7.01 Milling cost per tonne $ 61.68 $ 56.23 $ 55.41 $ 74.30 $ 90.33 Financial Data (3) Revenues $ 150 $ 143 $ 156 $ 103 $ 112 Depreciation and depletion $ 29 $ 28 $ 25 $ 14 $ 16 Earnings from operations $ 60 $ 71 $ 66 $ 43 $ 46 Expenditures on mining interests $ 12 $ 16 $ 12 $ 10 $ 9 (1) Gold equivalent ounces are calculated using the following assumptions: $1,300 per ounce of gold; by-product metal prices of $22.00 per ounce of silver; $3.00 per pound of copper; $0.90 per pound of zinc; and $0.90 per pound of lead (2013 $1,350; $24.00; $3.00; $0.85; and $0.80, respectively). By-product metals are converted to gold equivalent ounces by multiplying by-product metal production with the associated by-product metal price and dividing it by the gold price. (2) The calculation of total cash costs per ounce of gold is net of by-product silver sales revenue. If silver were treated as a co-product, total cash costs for the three months ended, 2014 would be $481 per ounce of gold and $7.98 per ounce of silver (2013 $576 and $10.80, respectively). Production costs are allocated to each co-product based on the ratio of actual sales volumes multiplied by budget metal prices (see page 2). Using actual realized sales prices, the co-product total cash costs for the three months ended, 2014 would be $482 per ounce of gold and $7.55 per ounce of silver (2013 $580 and $9.19, respectively). (3) The Company s 40% interest in Pueblo Viejo is classified as an investment in associate and is accounted for using the equity method with the Company s share of net earnings and net assets separately disclosed in the Consolidated Statements of (Loss) Earnings and Consolidated Balance Sheets, respectively. The financial data disclosed in the table represents the financial data of Pueblo Viejo on a proportionate rather than equity basis. For the three months ended, 2014, the Company's equity earnings from Pueblo Viejo were $10 million (nine months ended, 2014 $86 million). Goldcorp's share of Pueblo Viejo's gold and silver production for the third quarter of 2014 of 112,200 ounces and 354,800 ounces was 36,800 ounces, or 49%, and 217,800 ounces, or 159%, respectively, higher than the third quarter of 2013. Gold production was higher primarily due to GOLDCORP 33

61% higher tonnes processed and 1% higher recovery, partially offset by 8% lower gold head grades. Silver production was higher due to higher tonnes processed and 113% higher silver recovery, partially offset by 31% lower silver head grades. Tonnes processed were higher due to autoclaves reaching name plate capacity during the third quarter of 2014. Head grades for both gold and silver were lower due to depletion of the high grade stockpile and processing of the lower grade sulfur stockpile built up during construction, which is consistent with the mine plan. The higher silver recoveries resulted from modifications to the heat exchangers in autoclaves 150 and 250 that increased lime boil temperatures. All-in sustaining costs for the third quarter of 2014 were $559 per ounce and include by-product cash costs of $438 per ounce, which were $131 per ounce and $115 per ounce lower compared to the third quarter of 2013, respectively. The 19% decrease in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to higher gold production ($196 per ounce), higher by-product silver sales credits ($22 per ounce), and lower sustaining capital expenditures ($5 per ounce), partially offset by higher operating costs ($67 per ounce) and higher reclamation accretion expenses ($25 per ounce). The increase in operating costs was attributable to higher maintenance costs ($3 million), consumable costs ($3 million), labour costs ($2 million), and fuel costs ($2 million), partially offset by lower power costs ($4 million). Goldcorp s share of Pueblo Viejo s gold and silver production in the third quarter of 2014 was 5,100 ounces, or 5%, higher and 38,000 ounces, or 10%, lower, respectively, than the second quarter of 2014. Gold production was higher primarily due to 5% higher gold head grades. Silver production was lower due to 26% lower recovery, partially offset by 19% higher head grades and higher tonnes processed. Silver recovery was lower due to the downtime of two lime boil tanks due to scaling issues during the third quarter of 2014. Stripping activities continued to increase during the third quarter and are expected to continue for the remainder of 2014 and into 2015. All-in sustaining costs for the third quarter of 2014, including by-product cash costs, were $59 per ounce lower and consistent compared to the second quarter of 2014, respectively. The 10% decrease in all-in sustaining costs (inclusive of the by-product cash cost impacts) was due to lower sustaining capital expenditures ($43 per ounce), higher gold production ($36 per ounce), lower reclamation accretion expenses ($7 per ounce), and higher by-product silver sales credits ($3 per ounce), partially offset by higher operating costs ($30 per ounce). The increase in operating costs was primarily attributable to higher fuel and site costs ($2 million) during the third quarter of 2014. In October 2014, Pueblo Viejo Dominicana Corporation ( PVDC ) received a copy of an action filed in an administrative court in the Dominican Republic by Rafael Guillen Beltre (the Petitioner ), who claims to be affiliated with the Dominican Christian Peace Organization. The Government of the Dominican Republic has also been notified of the action. The action alleges that environmental contamination in the vicinity of the Pueblo Viejo mine has caused illness and affected water quality in violation of the Petitioner s fundamental rights under the Dominican Constitution and other laws. The primary relief sought in the action, which is styled as an Amparo remedy, is the suspension of operations at the Pueblo Viejo mine as well as other mining projects in the area until an investigation into the alleged environmental contamination has been completed by the relevant governmental authorities. A hearing has been scheduled for November 21, 2014. PVDC intends to vigorously defend this matter. No amounts have been recorded for any potential liability or asset impairment arising from this matter, as PVDC cannot reasonably predict any potential losses. GOLDCORP 34

PROJECTS REVIEW Cerro Negro Project, Argentina The Cerro Negro project is a high grade vein system located in the Province of Santa Cruz, Argentina. The land position comprises 215 square kilometres with numerous discoveries of high grade gold and silver veins. As of December 31, 2013, Cerro Negro contained 5.74 million ounces of proven and probable gold reserves, with no change from December 31, 2012 due to the suspension of exploration activity in the latter part of 2013. Ore feed was introduced at the process plant on July 15, 2014 and first gold was produced on July 25, 2014. Commercial production continues to be expected in the fourth quarter of 2014. The initial capital cost estimate has been narrowed from between $1.6 billion and $1.7 billion to between $1.65 billion and $1.7 billion. The Company now expects 2014 gold production at the lower end of the previous guidance range of between 130,000 and 180,000 ounces, due primarily to temporary power disruptions that reduced mill availability and impacted the efficiency of ramp-up activities, and construction quality issues related to the automated instrumentation and process control systems. Infrastructure and Construction At the end of the third quarter of 2014, overall EPCM activities, which includes initial capital scope deferred to 2015, reached 90% completion. Progress on activities critical to the production of first gold and production ramp-up continued in the third quarter of 2014, with: Construction of processing facility scope related to the introduction of "first feed" 100% complete; Construction of the high voltage power line and the ET Aike Substation, which connects the Cerro Negro Substation to the national grid, completed, and commissioning by Transpa, the Argentine power transportation authority, substantially complete; Construction of the Cerro Negro Substation approximately 98% complete. Energization of the Cerro Negro and ET Aike Substations and permanent power from the national grid is expected by the end of the fourth quarter of 2014; Completion of commissioning of the tailings line, tailings storage facility, and water recovery system; and First feed and first gold achieved on July 15, 2014 and July 25, 2014, respectively. Construction continues for certain facilities and infrastructure that are not critical to the achievement of commercial production. These facilities are expected to be completed between the end of 2014 and mid-2015. Mine Development Production mining is occurring at Eureka, while production mining at Mariana Central is expected to commence in the first quarter of 2015. Total mined tonnes, grades, and inventory levels of all ore stockpiles were as follows: Cerro Negro Production and Surface Stockpile 2014 June 30 2014 Three Months Ended March 31 2014 December 31 2013 2013 Cumulative Project to date Tonnes of ore milled at September 30, 2014 Surface Stockpile at September 30, 2014 Tonnes 93,100 121,900 125,200 127,500 67,300 625,100 (84,900) 540,200 Average grade (grams/tonne) Gold 9.28 7.39 8.27 8.24 11.86 9.28 12.48 8.78 Silver 168.7 105.1 132.7 146.7 274.7 165.9 272.5 149.2 Total underground development at Eureka and Mariana Central during the third quarter of 2014 was 2,331 metres, 3% lower compared to the second quarter of 2014 of 2,408 metres. At Mariana Norte, development remained suspended at the end of the third quarter of 2014 due to the limited availability of an experienced Argentine workforce. A training program to develop new miners is underway and development is expected to resume in 2015. Development activity during the third quarter of 2014 was as follows: GOLDCORP 35

Development Area (Metres) 2014 Three Months Ended June 30 2014 March 31 2014 December 31 2013 2013 Cumulative Project to date Eureka 1,194 1,355 626 966 1,185 15,292 Mariana Central 1,137 1,053 475 684 630 5,235 Mariana Norte 9 337 1,224 Total 2,331 2,408 1,101 1,659 2,152 21,751 Ore Processing Ore processing commenced on July 15, 2014, with first gold produced on July 25, 2014. Ramp-up activities in the process plant are progressing as planned. Three Months Ended Processing Data 2014 Tonnes of ore milled 84,900 Average mill head grade (grams/tonne) Gold 12.48 Silver 272.5 Average recovery rate Gold 82% Silver 52% Produced (ounces) Gold 19,000 Silver 233,700 Exploration Exploration activities remained suspended during the third quarter of 2014. A resource definition program to follow-up on further development at Bajo Negro and Vein Zone resumed in October 2014. Capital Expenditures At, 2014, total project expenditures and future commitments were $1,654 million, excluding exploration, of which $1,544 million is spent and $110 million is committed. Capital expenditures, including deposits on mining interests and net of capitalized interest, for the three months ended, 2014 were $122 million (nine months ended, 2014 $432 million). Éléonore Project, Canada The Éléonore project is located in the northeast corner of the Opinaca Reservoir in the James Bay region of Quebec, Canada. The Éléonore deposit is a major gold discovery in a relatively unexplored area, located in the core of what Goldcorp believes to be a promising new gold district. Proven and probable gold reserves at Éléonore at December 31, 2013 were 4.03 million ounces. Gold production from Éléonore following ramp up to full production (currently expected to be the first half of 2018) is expected to be between 575,000 and 625,000 ounces per year. Ore feed was introduced at the process plant on September 22, 2014 and first gold was produced from the gravity circuit on October 1, 2014. Commercial production continues to be expected in the first quarter of 2015. The initial project capital estimate at Éléonore remains under $1.9 billion. The Company continues to expect gold production of between 40,000 and 60,000 ounces in 2014. GOLDCORP 36

Engineering and Construction Engineering activities during the third quarter of 2014 were focused primarily on technical support of procurement close-out activities. EPCM surface construction was approximately 99% complete at, 2014. Key activities in the third quarter of 2014 included: Process Plant: Reached 99% completion on construction of the processing plant; Pre-Operational Verification activities were approximately 75% complete; Commissioning of the crushing, grinding, gravity, flotation, thickening, and flotation tails leaching circuit was completed; Crushing and concentrator circuits (except carbon stripping/reactivation) were transferred to Operations; Completed Oxygen plant construction; and Construction commenced on the chemical storage building. Tailings Facility: Construction of the tailings management facility was completed in third quarter of 2014. Exploration Exploration activities during the third quarter of 2014 focused on in-fill drilling in the Lower Mine. A total of 22,812 metres of underground diamond drilling was completed in the third quarter of 2014 from working platforms in the exploration ramp and at the 650m level. Currently, four diamond drills are conducting in-fill and exploration drilling and continues to successfully in-fill the lower parts of the mine. Mine Development Mine development is on track to support commercial production. Key activities in the third quarter of 2014 included: Production shaft reached a depth of 975 metres; Exploration ramp reached a depth of 788 metres; Production of ore from three stopes; Ore stockpile on surface of 244,000 tonnes; and Completed the excavation of the first ore pass and truck chute on level 650m, conveyor, and two bins on level 650m allowing a more efficient movement of material from underground to surface. As of, 2014, total project expenditures since January 1, 2011, net of investment tax credits and capitalized interest, were $1,878 million, $1,833 million of which was spent and $45 million of which was committed. Capital expenditures and capitalized exploration, excluding capitalized interest and investment tax credits, during the three months ended, 2014, amounted to $150 million and $3 million, respectively (nine months ended, 2014 $525 million and $10 million, respectively). Cochenour Project, Canada The Cochenour Project combines the existing workings of the historic Cochenour mine with the Bruce Channel gold discovery. The Cochenour/ Bruce Channel deposit is located down dip from the historic Cochenour mine. The initial capital cost of Cochenour remains unchanged at $496 million. Following ramp-up to full production, forecast annual gold production from Cochenour is expected to be between 225,000 and 250,000 ounces. Inferred resources remained unchanged at 3.25 million ounces at December 31, 2013. Exploration Exploration remains a focus as drilling of the deposit continues with eight drills on site with 28,337 metres drilled in the third quarter 2014, and up to nine drills anticipated by the end of 2014. Preliminary results have been consistent with expectations. Mine Development At the end of the third quarter of 2014, development of the ramp to the 3540-foot level was 100% complete. The decline to the 4000-foot level continues to advance and was 32% complete. The permanent fresh air fan and heater house construction is underway. GOLDCORP 37

Development of the haulage drift, which will connect Red Lake s underground mine with Cochenour, was completed during the third quarter of 2014. Development advanced towards the hanging wall within the bypass drift reaching 38% completion. The main Incline Ramp (5320L Ramp) commenced and is 34% complete to the next sublevel. The Egress Raise development is 58% complete and is expected to connect to Cochenour in the fourth quarter of 2014. The integration team continues to work on several short-term studies including geotechnical assessments, backfill, and material handling studies, focusing on infrastructure rationalization and placement. The project remains on track to produce first ore from production stopes in the third quarter of 2015. At, 2014, total project expenditures since January 1, 2011, excluding investment tax credits, were $389 million, $383 million of which is spent and $6 million of which is committed. Capital expenditures, excluding investment tax credits, during the three months ended, 2014 amounted to $29 million (nine months ended, 2014 $78 million). Total project expenditures have been included in total expenditures on mining interests in Red Lake. El Morro Project, Chile (Goldcorp s interest 70%) El Morro is a gold/copper project in northern Chile. El Morro contained 6.73 million ounces (Goldcorp s share) of proven and probable gold reserves at December 31, 2013. Located in the Atacama region of Chile approximately 80 kilometres east of the city of Vallenar and at an altitude of 4,000 metres, El Morro comprises a large, 36-square kilometre land package with significant potential for organic growth through further exploration. Two principal zones of gold-copper mineralization have been identified to date the El Morro and La Fortuna zones and the Company has identified several additional targets as part of its regional exploration efforts. In October 2013, the environmental authority of the Atacama Region approved the Environmental Impact Study ( EIS ) submitted by Goldcorp- El Morro. The decision resulted in a new Environmental Assessment Resolution issued in October 2013 ( RCA 232 ). RCA 232 was challenged before the Court of Appeals of Copiapo by Comunidad Agrícola Los Huasco Altinos ( CAHA ), other Diaguita indigenous communities, and several farmers from the Huasco valley. On April 28, 2014, the Court of Appeals issued a ruling rejecting all actions. The ruling was appealed by CAHA and the other Diaguita communities to the Supreme Court. On October 7, 2014, the Supreme Court issued a final ruling revoking the decision of the Court of Appeals thereby invaliding RCA 232. As a result, all project activities remain suspended while the Company evaluates the path forward. Notwithstanding this decision, the Company reiterates its commitment to an open and transparent dialogue with the different stakeholders, and to acting with responsibility and in accordance with the highest standards of health, safety, environmental care, and respect for the institutions and laws. At, 2014, total project expenditures were $242 million. Capital expenditures, excluding capitalized interest, during the three months ended, 2014 were $4 million (nine months ended, 2014 $11 million). Camino Rojo Project, Mexico The Camino Rojo project is located approximately 50 kilometres southeast of Goldcorp s Peñasquito mine with a 3,389-square kilometre land position. Successful in-fill and expansion drilling in the West Extension sulphide zone contributed to the addition of approximately 5.0 million ounces to indicated gold mineral resources and the addition of approximately 5.0 million ounces to inferred gold mineral resources at the end of 2013. Gold mineral reserves consist of 1.63 million ounces of oxide material. Drilling continued during the third quarter of 2014 to enhance and expand the resource with approximately 70,000 metres of drilling completed at, 2014. Metallurgical testing of sulphide, transition, and oxide zones continues, and waste rock drainage studies for waste material are in process. The pit stability geotechnical program that commenced in June 2014 and the evaluation of other exploration targets continued during the third quarter of 2014. The Company intends to commence a pre-feasibility study before the end of 2014. The pre-feasibility study is expected to be completed in early 2016. At, 2014, total project expenditures were $113 million. Capital expenditures, excluding capitalized interest, during the three months ended, 2014 amounted to $15 million (nine months ended, 2014 $29 million). GOLDCORP 38

NON-GAAP FINANCIAL PERFORMANCE MEASURES The Company has included certain non-gaap performance measures throughout this document. These performance measures are employed by the Company to measure its operating and economic performance internally and to assist in business decision-making as well as providing key performance information to senior management. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, certain investors and other stakeholders also use this information to evaluate the Company s operating and economic performance; however, these non-gaap performance measures do not have any standardized meaning. Accordingly, these performance measures 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. The Company s primary business is gold production and its future development and current operations focus are on maximizing returns from gold production, with other metal production being incidental to the gold production process. As a result, the Company's non-gaap performance measures are disclosed on a per gold ounce basis. The Company calculates its non-gaap performance measures on an attributable basis. Attributable performance measures include the Company s mining operations and projects, and the Company s share of Alumbrera and Pueblo Viejo. The Company believes that disclosing certain performance measures on an attributable basis is a more relevant measurement of the Company s operating and economic performance, and reflects the Company s view of its core mining operations. TOTAL CASH COSTS (BY-PRODUCT) PER GOLD OUNCE By-product cash costs incorporate Goldcorp s share of all production costs, adjusted for changes in estimates in reclamation and closure costs at the Company s closed mines which are non-cash in nature, and include Goldcorp s share of by-product credits, and treatment and refining charges included within revenue. Additionally, cash costs are adjusted for realized gains and losses arising on the Company s commodity and foreign currency contracts which the Company enters into to mitigate its exposure to fluctuations in by-product metal prices, heating oil prices and foreign exchange rates, which may impact the Company s operating costs. In addition to conventional measures, the Company assesses this per ounce measure in a manner that isolates the impacts of gold production volumes, the by-product credits, and operating costs fluctuations such that the non-controllable and controllable variability is independently addressed. The Company uses total cash costs, by product and co-product, per gold ounce, to monitor its operating performance internally, including operating cash costs, as well as in its assessment of potential development projects and acquisition targets. The Company believes these measures provide investors and analysts with useful information about the Company s underlying cash costs of operations and the impact of by-product credits on the Company s cost structure and is a relevant metric used to understand the Company s operating profitability and ability to generate cash flow. When deriving the production costs associated with an ounce of gold, the Company includes by-product credits as the Company considers that the cost to produce the gold is reduced as a result of the by-product sales incidental to the gold production process, thereby allowing the Company s management and other stakeholders to assess the net costs of gold production. The Company reports total cash costs on a gold ounces sold basis. In the gold mining industry, this is a common performance measure but does not have any standardized meaning. The Company follows the recommendations of the Gold Institute Production Cost Standard. The Gold Institute, which ceased operations in 2002, was a non-regulatory body and represented a global group of suppliers of gold and gold products. The production cost standard developed by the Gold Institute remains the generally accepted standard of reporting cash costs of production by gold mining companies. GOLDCORP 39

The following table provides a reconciliation of total cash costs (by-product) per ounce to the unaudited condensed interim consolidated financial statements: Continuing operations Three Months Ended Nine Months Ended 2014 2013 2014 2013 Production costs per unaudited condensed interim consolidated financial statements (1) $ 530 $ 509 $ 1,536 $ 1,509 Non-cash reclamation and closure cost obligations (16) Treatment and refining charges on concentrate sales 46 38 139 93 Realized (gains) losses on foreign currency, heating oil and commodity contracts (1) (5) 1 (21) Other 2 2 (3) (4) Consolidated total cash costs 577 544 1,657 1,577 Alumbrera and Pueblo Viejo total cash costs 133 121 412 324 Goldcorp s share of total cash costs 710 665 2,069 1,901 Goldcorp's share of by-product silver, copper, lead and zinc sales (327) (329) (1,062) (874) Goldcorp s share of total cash costs (by-product) $ 383 $ 336 $ 1,007 $ 1,027 Divided by ounces of Goldcorp s share of gold sold 641,400 626,700 1,943,000 1,791,700 Goldcorp s share of total cash costs (by-product) per gold ounce (2) $ 597 $ 536 $ 518 $ 573 Including discontinued operation Goldcorp's share of total cash costs (by-product) from continuing operations $ 383 $ 336 $ 1,007 $ 1,027 Total cash costs Marigold 23 24 71 Goldcorp's share of total cash costs (by-product) including discontinued operation $ 383 $ 359 $ 1,031 $ 1,098 Divided by ounces of Goldcorp's share of gold sold 641,400 652,100 1,964,900 1,871,500 Goldcorp s share of total cash costs (by-product) per gold ounce (2) $ 597 $ 551 $ 525 $ 587 (1) $17 million and $50 million in royalties are included in production costs for the three and nine months ended, 2014, respectively (three and nine months ended, 2013 $12 million and $39 million, respectively). (2) If silver, lead and zinc for Peñasquito, silver for Marlin and Pueblo Viejo, and copper for Alumbrera were treated as co-products, Goldcorp's share of total co-product cash costs from continuing operations for the three and nine months ended, 2014, would be $682 and $661 per ounce of gold; $11.86 and $10.78 per ounce of silver; $2.78 and $2.47 per pound of copper; $0.85 and $0.75 per pound of zinc; and $1.02 and $0.92 per pound of lead, respectively (three and nine months ended, 2013 $696 and $701 per ounce of gold; $13.10 and $14.34 per ounce of silver; $1.94 and $2.08 per pound of copper; $0.67 and $0.74 per pound of zinc; and $0.80 and $0.87 per pound of lead, respectively). Goldcorp's share of total co-product cash costs including discontinued operations for the three and nine months ended, 2014, would be $682 and $667 per ounce of gold; $11.86 and $10.78 per ounce of silver; $2.78 and $2.47 per pound of copper; $0.85 and $0.75 per pound of zinc; and $1.02 and $0.92 per pound of lead, respectively (three and nine months ended, 2013 $706 and $709 per ounce of gold; $13.10 and $14.34 per ounce of silver; $1.94 and $2.08 per pound of copper; $0.67 and $0.74 per pound of zinc; and $0.80 and $0.87 per pound of lead, respectively). GOLDCORP 40

NON-GAAP MEASURE ALL-IN SUSTAINING COSTS PER GOLD OUNCE All-in sustaining costs include total production cash costs incurred at the Company s mining operations, which forms the basis of the Company s by-product cash costs. Additionally, the Company includes sustaining capital expenditures, corporate administrative expense, exploration and evaluation costs, and reclamation cost accretion and amortization. The measure seeks to reflect the full cost of gold production from current operations, therefore new project capital is not included. Certain other cash expenditures, including tax payments, dividends and financing costs are also not included. The Company believes that this measure represents the total costs of producing gold from current operations, and provides the Company and other stakeholders of the Company with additional information of the Company s operational performance and ability to generate cash flows. All-in sustaining costs, as a key performance measure, allows the Company to assess its ability to support capital expenditures to sustain future production from the generation of operating cash flows. This information provides management with the ability to more actively manage capital programs and to make more prudent capital investment decisions. The Company reports all-in sustaining costs on a gold ounces sold basis. This performance measure was adopted as a result of an initiative undertaken within the gold mining industry; however, this performance measure has no standardized meaning and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The Company follows the guidance note released by the World Gold Council, which became effective January 1, 2014. The World Gold Council is a non-regulatory market development organization for the gold industry whose members comprise global senior gold mining companies. The following table provides a reconciliation of all-in sustaining costs per ounce to the unaudited condensed interim consolidated financial statements: Continuing operations Three Months Ended Nine Months Ended 2014 2013 2014 2013 Total cash costs (by-product) $ 383 $ 336 $ 1,007 $ 1,027 Corporate administration 63 66 188 189 Exploration and evaluation costs 12 9 29 34 Reclamation cost accretion and amortization 15 5 48 21 Sustaining capital expenditures 211 195 505 688 Other 4 All-in sustaining costs $ 684 $ 611 $ 1,777 $ 1,963 Divided by ounces of Goldcorp's share of gold sold 641,400 626,700 1,943,000 1,791,700 All-in sustaining costs per gold ounce $ 1,066 $ 975 $ 915 $ 1,096 Including discontinued operation All-in sustaining costs from continuing operations $ 684 $ 611 $ 1,777 $ 1,963 All-in sustaining costs Marigold 38 26 128 All-in sustaining costs including discontinued operation $ 684 $ 649 $ 1,803 $ 2,091 Divided by ounces of Goldcorp's share of gold sold 641,400 652,100 1,964,900 1,871,500 All-in sustaining costs per gold ounce including discontinued operation $ 1,066 $ 995 $ 918 $ 1,117 Sustaining capital expenditures are defined as those expenditures which do not increase annual gold ounce production at a mine site and excludes all expenditures at the Company s projects and certain expenditures at the Company s operating sites which are deemed expansionary in nature. This definition includes, but is not limited to, capitalized stripping costs at open pit mines and underground mine development. The following table reconciles sustaining capital expenditures to the Company s total capital expenditures for continuing operations: GOLDCORP 41

Three Months Ended Nine Months Ended 2014 2013 2014 2013 Expenditures on mining interests and deposits per unaudited condensed interim consolidated financial statements $ 500 $ 527 $ 1,518 $ 1,600 Expenditures on mining interests by Alumbrera and Pueblo Viejo (1) 32 29 79 118 Goldcorp s share of expenditures on mining interests and deposits $ 532 $ 556 $ 1,597 $ 1,718 Sustaining capital expenditures $ 211 $ 195 $ 505 $ 688 Project capital expenditures 321 361 1,092 1,030 $ 532 $ 556 $ 1,597 $ 1,718 (1) Expenditures on mining interests by Alumbrera and Pueblo Viejo represent mining interest expenditures, net of additional funding investments, which are included in expenditures on mining interests per the unaudited condensed interim consolidated financial statements. GOLDCORP 42

NON-GAAP MEASURE ADJUSTED NET EARNINGS Adjusted net earnings excludes gains/losses and other costs incurred for acquisitions and disposals of mining interests, impairment charges, unrealized and non-cash realized gains/losses on financial instruments, foreign exchange impacts on deferred income tax and foreign exchange arising on working capital at certain of the Company s capital projects, as well as significant non-cash, non-recurring items. The Company also excludes the net earnings (losses) from the Company s equity investments in Primero and Tahoe. The Company excludes these items from net earnings (loss) to provide a measure which allows the Company and investors to evaluate the operating results of the underlying core operations of the Company and its ability to generate liquidity through operating cash flow to fund working capital requirements, future capital expenditures and service outstanding debt. The Company s adjusted net earnings does include the Company s equity share of net earnings from Alumbrera and Pueblo Viejo as the Company considers these operations to comprise part of the Company s core mining portfolio and to be significant contributors to the Company s financial results. The following table provides a reconciliation of adjusted net earnings to the unaudited condensed interim consolidated financial statements: Continuing operations Three Months Ended Nine Months Ended 2014 2013 2014 2013 Net (loss) earnings from continuing operations attributable to shareholders of Goldcorp Inc. $ (44) $ $ 250 $ (1,640) Revisions in estimates and liabilities incurred on reclamation and closure cost obligations at the Company's inactive and closed sites, net of tax 11 Share of net (earnings) losses of associates, net of tax (1) (3) 3 (20) 11 Pueblo Viejo SLA amendment 161 161 Impairment of mining interests, net of tax 13 13 1,958 (Gains) losses on available-for-sale securities, net of tax (5) 3 (8) 15 Losses (gains) on derivatives, net of tax 14 (3) 7 (60) Gain on disposition of mining interests, net of tax (18) Unrealized losses on foreign exchange translation of deferred income tax assets and liabilities 85 9 167 66 Foreign exchange losses on capital projects 6 12 31 34 Deferred income tax impact on Guatemalan tax election and other 4 4 (5) Total adjusted net earnings $ 70 $ 185 $ 437 $ 540 Weighted average shares outstanding (000 s) 813,572 812,160 813,091 811,967 Adjusted net earnings from continuing operations per share $ 0.09 $ 0.23 $ 0.54 $ 0.67 Including discontinued operation Total adjusted net earnings from continuing operations $ 70 $ 185 $ 437 $ 540 Net earnings (loss) from discontinued operation attributable to shareholders of Goldcorp Inc. 5 (15) 20 Loss on disposition, net of tax Marigold 21 Total adjusted net earnings including discontinued operation $ 70 $ 190 $ 443 $ 560 Weighted average shares outstanding (000 s) 813,572 812,160 813,091 811,967 Adjusted net earnings per share including discontinued operation $ 0.09 $ 0.23 $ 0.54 $ 0.69 (1) The Company's share of net (earnings) losses of associates, net of tax, for the three months ended, 2014 includes a loss on sale of $4 million, net of tax, with respect to certain power assets sold by Pueblo Viejo during the third quarter of 2014. GOLDCORP 43

ADJUSTED OPERATING CASH FLOWS AND FREE CASH FLOWS Adjusted operating cash flows comprises Goldcorp s share of operating cash flows before working capital changes. Free cash flows comprises Goldcorp s share of net cash provided by operating activities and includes the Company s share of expenditures on mining interests and deposits on mining interests expenditures. 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 and ability to operate without reliance on additional external funding or use of available cash. The following table provides a reconciliation of Goldcorp s share of adjusted operating cash flows to net cash provided by operating activities per the unaudited condensed interim consolidated financial statements: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Net cash provided by operating activities of continuing operations $ 192 $ 268 $ 738 $ 611 Change in working capital 189 134 212 442 Dividends from associate (38) (27) (105) (71) Adjusted operating cash flows provided (used) by Alumbrera and Pueblo Viejo 56 (10) 209 138 Goldcorp s share of adjusted operating cash flows $ 399 $ 365 $ 1,054 $ 1,120 Including discontinued operation Adjusted operating cash flows Marigold 10 2 43 Goldcorp s share of adjusted operating cash flows including discontinued operation $ 399 $ 375 $ 1,056 $ 1,163 The following table provides a reconciliation of Goldcorp s share of free cash flows to net cash provided by operating activities per the unaudited condensed interim consolidated financial statements: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Net cash provided by operating activities of continuing operations $ 192 $ 268 $ 738 $ 611 Dividends from associate (38) (27) (105) (71) Expenditures on mining interests (450) (483) (1,413) (1,437) Deposits on mining interests expenditures (50) (44) (105) (163) Interest paid (40) (14) (68) (23) Consolidated free cash flows (386) (300) (953) (1,083) Free cash flows provided by Alumbrera and Pueblo Viejo 31 62 193 80 Goldcorp s share of free cash flows $ (355) $ (238) $ (760) $ (1,003) Including discontinued operation Free cash flows Marigold (8) (19) Goldcorp s share of free cash flows including discontinued operation $ (355) $ (246) $ (760) $ (1,022) GOLDCORP 44

FINANCIAL INSTRUMENTS RISK EXPOSURE The Company manages its exposure to financial risks, including credit risk, liquidity risk, currency risk, interest rate risk and price risk in accordance with its Risk Management Policy. The Company's exposure to financial risks and how the Company manages each of those risks is described in note 23 to the Company's consolidated financial statements for the year ended December 31, 2013. There were no significant changes to those risks or to the Company's management of exposure to those risks during the three and nine months ended, 2014, except as noted below: (i) Credit risk On May 16, 2014, Primero repaid the outstanding balance of $28 million on the $50 million 5-year promissory note receivable prior to its maturity date of August 5, 2015. (ii) Liquidity risk On January 9, 2014, the Company negotiated a commitment to a $1.25 billion non-revolving, unsecured term credit facility to fund the acquisition of Osisko Mining Corporation which was canceled on April 23, 2014. There were no amounts drawn under the facility during the period from January 9, 2014 to April 23, 2014. During the three and nine months ended, 2014, repayments of $49 million and $102 million were made, respectively, (Goldcorp's share $20 million and $41 million, respectively) on the $1.035 billion project financing for Pueblo Viejo (Goldcorp's share $414 million). At, 2014, the outstanding balance of the credit facility was $888 million (Goldcorp's share $355 million). On April 26, 2014, the coupon rates of the $400 million tranche and the $260 million tranche of the $1.035 billion project financing were both increased from LIBOR plus 3.25% to LIBOR plus 4.1% in accordance with the terms of the financing agreement between Barrick, the project operator, Goldcorp and the lending syndicate. On June 9, 2014, the Company issued two tranches of notes totaling $1.0 billion, consisting of $550 million in 7-year notes with a coupon rate of 3.625% and $450 million in 30-year notes with a coupon rate of 5.45%, which mature on June 9, 2021 and June 9, 2044, respectively. The Company received total proceeds of $988 million from the issuance, net of transaction costs. The $1.0 billion Notes are unsecured and interest is payable semi-annually in arrears on June 9 and December 9 of each year, beginning on December 9, 2014. The 2021 Notes and 2044 Notes are callable at any time by the Company prior to maturity, subject to make-whole provisions. On June 13, 2014, the Company extended its 469 million Argentine peso ($100 million) credit facility with a third party in Argentina for a further 182 days to December 12, 2014. At, 2014, the Company had drawn 220 million Argentine pesos ($26 million) under the credit facility (December 31, 2013 220 million Argentine peso ($34 million)) which is included in other current liabilities on the Condensed Interim Consolidated Balance Sheets. During the three and nine months ended, 2014, the Company's Cerro Negro project repaid $50 million and $81 million, respectively, of the amount outstanding under the $131 million credit facility with Alumbrera. At, 2014, the outstanding balance under the facility was $50 million (December 31, 2013 $131 million) which is included in other current liabilities on the Condensed Interim Consolidated Balance Sheets. During the three and nine months ended, 2014, Alumbrera entered into various Argentine peso and US dollar credit facilities with third parties in Argentina totaling 126 million Argentine pesos ($15 million) and $57 million, respectively (Goldcorp s share 47 million Argentine pesos and $21 million, respectively). The facilities, which mature between September 2014 and February 2015, bear interest ranging from 1.4% to 29.5%. On July 18, 2014, the Company extended the maturity date of its $2.0 billion revolving credit facility from March 6, 2018 to July 18, 2019. During the three and nine months ended, 2014, the Company drew down a total of $1 billion and $2.325 billion, respectively, on the credit facility, of which $450 million and $1.775 billion were repaid during the three and nine months ended, 2014. At September 30, 2014, the outstanding balance under the credit facility was $550 million. Upon maturity of the Company's Convertible Notes on August 1, 2014, the Company repaid the outstanding principal of $863 million and accrued interest of $9 million. On October 16, 2014, the Company, through its wholly-owned subsidiary, Oroplata S.A., entered into a 24-month and 27-month loan facility of 425 million Argentine pesos ($50 million) and 1.6 billion Argentine pesos ($189 million), respectively, with third parties in Argentina. The facilities bear interest at Badlar, the average interest rate paid on short term deposits over 1 million Argentine pesos, plus 3.5%. At, 2014, the Company had letters of credit outstanding and secured deposits in the amount of $430 million (December 31, 2013 $430 million). GOLDCORP 45

(iii) Currency risk During the three and nine months ended, 2014, the Company recognized a net foreign exchange gain of $3 million and loss of $22 million, respectively (three and nine months ended, 2013 net loss of $14 million and $37 million, respectively). Based on the Company s net exposures (other than those relating to taxes) at, 2014, a 10% depreciation or appreciation of applicable foreign currencies against the US dollar would have resulted in an approximate $28 million increase or decrease in the Company s after-tax net (loss) earnings, respectively. During the three and nine months ended, 2014, the Company recognized a net foreign exchange loss of $87 million and $170 million, respectively, in income tax expense on income taxes receivable (payable) and deferred taxes (three and nine months ended September 30, 2013 net loss of $11 million and $69 million, respectively). Based on the Company s net exposures relating to taxes at, 2014, a 10% depreciation or appreciation of applicable foreign currencies against the US dollar would have resulted in an approximate $235 million decrease or increase in the Company s after-tax net (loss) earnings, respectively. OTHER RISKS AND UNCERTAINTIES The Company s process to manage its risks and other uncertainties, including the risks related to the Company s foreign operations, government, environmental, and other regulations, and operating costs is continuous and dynamic. Changes to these risks that result from changing internal and external factors are evaluated on a quarterly basis and significant changes in risks and corresponding mitigation activities are reported quarterly to the Company s Board of Directors. Detailed discussion of the Company s risk management process can be found on pages 67 to 69 of our 2013 Annual Report. Changes in mining or investment policies or shifts in political attitude in Canada, Mexico, Guatemala, Argentina, the Dominican Republic, Chile, and the United States continues to be a key business risk which may adversely affect the Company s operations or profitability. Operations may be affected in varying degrees by government regulations with respect to, but not limited to, restrictions on production, price controls, export controls, currency remittance, income taxes, expropriation of property, foreign investment, maintenance of claims, environmental legislation, land use, land claims of local people, water use, and mine safety. Failure to comply strictly with applicable laws, regulations and local practices relating to mineral right applications and tenure, environmental requirements, land and water use, could result in loss, reduction or expropriation of entitlements, or the imposition of additional local or foreign parties as joint venture partners with carried or other interests, fines and penalties. The occurrence of these various factors and uncertainties cannot be accurately predicted and could have a material adverse effect on the Company s operations or profitability. In addition to internal controls, systems and processes, the Company mitigates these risks by building positive, sustainable relationships with local communities, vendors, and local, regional, and federal governments, maintaining ongoing and transparent communication with stakeholders, a commitment to sustainability, and best practices in corporate governance. On September 17, 2014, the Argentine government enacted a law which seeks to protect consumers, stem job losses and ensure a steady supply of goods. The new law gives the government broad discretionary powers to control the economy and business decisions of private enterprise. The scope of the legislation is wide and covers all economic activities involving goods and services which may satisfy the welfare of the Argentines. It is possible that the new law could extend to the mining industry. The Company is closely monitoring its application. OUTSTANDING SHARE DATA As of October 29, 2014, there were 814 million common shares of the Company issued and outstanding and 17 million stock options outstanding which are exchangeable into common shares at exercise prices ranging between C$19.23 per share to C$48.72 per share. BASIS OF PREPARATION The Company's unaudited condensed interim consolidated financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting as issued by the IASB. Accordingly, certain disclosures included in annual financial statements prepared in accordance with IFRS as issued by the IASB have been condensed or omitted. The Company's unaudited condensed interim consolidated financial statements should be read in conjunction with the Company s audited consolidated financial statements for the year ended December 31, 2013. The accounting policies applied in the preparation of the Company's unaudited condensed interim consolidated financial statements are consistent with those applied and disclosed in the Company s consolidated financial statements for the year ended December 31, 2013, with the exception of the application of certain new and revised IFRSs issued by the IASB, which were effective from January 1, 2014. These new and revised IFRSs did not have a significant impact on the Company's unaudited condensed interim consolidated financial statements. GOLDCORP 46

CRITICAL JUDGEMENTS AND ESTIMATES The Company s management makes judgements in its process of applying the Company s accounting policies in the preparation of its unaudited condensed interim consolidated financial statements. In addition, the preparation of the financial data requires that the Company s management make assumptions and estimates of the impacts of uncertain future events on the carrying amounts of the Company s assets and liabilities at the end of the reporting period, and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates as the estimation process is inherently uncertain. Estimates are reviewed on an ongoing basis based on historical experience and other factors that are considered to be relevant under the circumstances. Revisions to estimates and the resulting impacts on the carrying amounts of the Company s assets and liabilities are accounted for prospectively. The critical judgements and estimates applied in the preparation of the Company s unaudited condensed interim consolidated financial statements for the three and nine months ended, 2014 are consistent with those applied and disclosed in notes 5 and 6 to the Company s audited consolidated financial statements for the year ended December 31, 2013. CHANGES IN ACCOUNTING POLICIES Application of new and revised accounting standards The Company has applied the following new interpretation and amendments to existing IFRSs in its unaudited condensed interim consolidated financial statements: Levies imposed by governments IFRIC 21 Levies ( IFRIC 21 ), an interpretation of IAS 37 Provisions, Contingent Liabilities and Contingent Assets ("IAS 37"), clarifies that the obligating event, as defined by IAS 37, that gives rise to a liability to pay a levy is the activity described in the relevant legislation that triggers the payment of the levy. The Company has applied IFRIC 21 on a retrospective basis in compliance with the transitional requirements of IFRIC 21. The application of IFRIC 21 did not result in an adjustment to the Company's unaudited condensed interim consolidated financial statements. Other Amendments Certain amendments to IFRSs as issued by the IASB. These amendments did not have a significant impact on the Company's unaudited condensed interim consolidated financial statements. CHANGES IN ACCOUNTING STANDARDS NOT YET EFFECTIVE Revenue recognition In May 2014, the IASB issued IFRS 15 Revenue from Contracts with Customers ("IFRS 15") which supersedes IAS 11 Construction Contracts; IAS 18 Revenue; IFRIC 13 Customer Loyalty Programmes; IFRIC 15 Agreements for the Construction of Real Estate; IFRIC 18 Transfers of Assets from Customers; and SIC 31 Revenue Barter Transactions involving Advertising Services. IFRS 15 establishes a single five-step model framework for determining the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer. The standard is effective for annual periods beginning on or after January 1, 2017, with early adoption permitted. The Company is currently evaluating the impact the final standard is expected to have on its consolidated financial statements. Financial instruments In July 2014, the IASB issued the final version of IFRS 9 Financial Instruments ( IFRS 9 ) to replace IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 provides a revised model for recognition and measurement of financial instruments and a single, forward-looking 'expected loss' impairment model. IFRS 9 also includes a substantially reformed approach to hedge accounting. The standard is effective for annual periods beginning on or after January 1, 2018, with early adoption permitted. The Company is currently evaluating the impact the final standard is expected to have on its consolidated financial statements. Regulatory deferral accounts In January 2014, the IASB issued a new interim standard, IFRS 14 Regulatory Deferral Accounts ( IFRS 14 ). IFRS 14 is intended to enhance the comparability of financial reporting by entities engaged in rate-regulated activities and is effective for annual periods beginning on or after January 1, 2016. IFRS 14 is not expected to be applicable to the Company. GOLDCORP 47

Annual improvements Third Quarter Report 2014 In September 2014, the IASB issued the Annual Improvements 2012-2014 cycle to make necessary but non-urgent amendments to existing IFRSs. The amendments are effective for annual periods beginning on or after July 1, 2016; however, these amendments are not expected to have a significant impact on the Company's consolidated financial statements. In December 2013, the IASB issued the Annual Improvements 2010-2012 and 2011-2013 cycles to make necessary but non-urgent amendments to existing IFRSs. The amendments are effective for annual periods beginning on or after July 1, 2014; however, these amendments are not expected to have a significant impact on the Company's consolidated financial statements. OUTLOOK UPDATE For 2014, the Company expects to produce between 2.95 and 3.1 million ounces of gold following the divestiture of Marigold and estimates that all-in sustaining costs will be between $950 to $1,000 per ounce. Cash costs are expected to decrease from 2013 levels primarily due to increasing grades and by-product production at Peñasquito, lower costs at Pueblo Viejo, the low cost production from Cerro Negro, and Goldcorp s continued overall focus on cost efficiencies through the O4E program. Assumptions used to forecast total cash costs for 2014 include: $20.00 per ounce of silver; $3.00 per pound of copper; $0.90 per pound of zinc; $1.00 per pound of lead; an oil price of $100.00 per barrel; and the Canadian dollar and Mexican peso at 1.05 and 12.50, respectively, to the US dollar. Capital expenditures for 2014 are forecasted at approximately $2.3 to $2.4 billion of which approximately 60% is allocated to projects and 40% to operations. Major project capital expenditures in 2014 include approximately $550 million at Cerro Negro, $650 million at Éléonore, $125 million at Cochenour, and $50 million at Camino Rojo. Exploration expenditures in 2014 are expected to amount to approximately $190 million, of which approximately one third are expected to be expensed. Goldcorp s primary focus will remain on the replacement of reserves mined and on extending existing gold zones at all of its prospective mines and projects. Corporate administration expense, excluding share-based compensation, is forecast at $185 million for 2014. Depreciation, depletion and amortization expense is expected to be approximately $350 per ounce of gold sold due primarily to the impact of the divestiture of Marigold and impairments taken in the fourth quarter of 2013. The Company expects an annual effective tax rate of 26%, with an overall 36% effective tax rate for the fourth quarter of 2014, based on the Company's estimated adjusted net earnings excluding the impacts of foreign exchange on deferred tax assets and liabilities and significant non-recurring items. CONTROLS AND PROCEDURES Disclosure Controls and Procedures The Company s management, with the participation of its President and Chief Executive Officer and Executive Vice President and Chief Financial Officer, has evaluated the effectiveness of the Company s disclosure controls and procedures. Based upon the results of that evaluation, the Company s President and Chief Executive Officer and Executive Vice President and Chief Financial Officer have concluded that, as of the end of the period covered by this report, the Company s disclosure controls and procedures were effective to provide reasonable assurance that the information required to be disclosed by the Company in reports it files is recorded, processed, summarized and reported, within the appropriate time periods and is accumulated and communicated to management, including the President and Chief Executive Officer and Executive Vice President and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. Internal Control Over Financial Reporting The Company s management, with the participation of its President and Chief Executive Officer and Executive Vice President and Chief Financial Officer, is responsible for establishing and maintaining adequate internal control over financial reporting. Under the supervision of the President and Chief Executive Officer and Executive Vice President and Chief Financial Officer, the Company s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with IFRS. The Company s internal control over financial reporting includes policies and procedures that: pertain to the maintenance of records that accurately and fairly reflect, in reasonable detail, the transactions and dispositions of assets of the Company; provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with IFRS and that the Company s receipts and expenditures are made only in accordance with authorizations of management and the Company s Directors; and provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company s assets that could have a material effect on the Company s consolidated financial statements. GOLDCORP 48

There has been no change in the Company s internal control over financial reporting during the three and nine months ended, 2014 that has materially affected, or is reasonably likely to materially affect, the Company s internal control over financial reporting. Limitations of Controls and Procedures The Company s management, including the President and Chief Executive Officer and Executive Vice President and Chief Financial Officer, believes that any disclosure controls and procedures or internal control over financial reporting, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, they cannot provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been prevented or detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by unauthorized override of the control. The design of any control system also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Accordingly, because of the inherent limitations in a cost effective control system, misstatements due to error or fraud may occur and not be detected. PEÑASQUITO MINERAL RESOURCES The Mineral Resource estimate for the Peñasquito Mine contained in the Technical Report entitled Peñasquito Polymetalic Operation, Zacatecas State Mexico, NI 43-101 Technical Report dated January 8, 2014 (the Peñasquito Technical Report ) was not updated to reflect an increase in Mineral Resources. The following table sets forth the Mineral Resource estimation as at December 31, 2013, and replaces and supersedes all previous disclosure contained in the Peñasquito Technical Report, the Company s Annual Information Form for the year ended December 31, 2013 and other public filings with respect to the Mineral Resources for the Peñasquito Mine. Measured, Indicated and Inferred Mineral Resources (1)(2)(3)(4)(5)(6)(7)(8)(9) (excluding Proven and Probable Mineral Reserves) Grade Contained Metal Category Tonnes (millions) Gold (grams per tonne) Silver (grams per tonne) Lead (%) Zinc (%) Gold (millions of ounces) Silver (millions of ounces) Lead (millions of pounds) Zinc (millions of pounds) Peñasquito Mine Measured 123.10 0.25 25.13 0.27 0.63 0.97 99.46 722 1,704 Mill Indicated 436.81 0.27 21.09 0.20 0.53 3.80 296.19 1,936 5,100 Measured + Indicated 559.91 0.26 21.98 0.22 0.55 4.77 395.64 2,658 6,804 Inferred 100.26 0.27 16.30 0.19 0.42 0.88 52.54 420 928 Peñasquito Mine Measured 15.12 0.24 18.21 0.12 8.85 Heap Leach Indicated 87.08 0.20 17.49 0.56 48.96 Measured + Indicated 102.20 0.21 17.60 0.68 57.82 Inferred 22.82 0.19 10.40 0.14 7.63 (1) The Mineral Resource estimates for the Peñasquito Mine set out in the table above have been reviewed and approved by Gil Lawson, P.Eng., Vice President, Geology and Mine Planning, Goldcorp, who is a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects ( NI 43-101 ). Mineral Resources are classified as measured, indicated and inferred, and are based on the CIM Standards. (2) Mineral Resources are exclusive of Mineral Reserves. (3) Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. (4) Mineral Resources are reported to a gold price of $1,500 per ounce, a silver price of $24 per ounce, a lead price of $1 per pound and a zinc price of $1 per pound. (5) Mineral Resources are defined with Lerchs-Grossmann pit shells that include: variable metallurgical recoveries, based on material types such that recoveries into the lead concentrate for normal ores range from 56-77% for gold, 64-82% for silver, 69-78% for lead, and 61-85% for zinc in normal ores; for the low-lead ores, the recovery ranges are projected to be 35-47% (gold), 55-70% (silver), 35-64% (lead), and 2-5% (zinc); heap leach recoveries of 57% for gold and 24% for silver, variable slope angles that range from 35 to 49 o, ore and waste mining costs of $2.16 per tonne, process costs of $7.91 per tonne, general and administrative costs of $2.33 per tonne. (6) Mineral Resources considered to be amenable to open pit mining methods are reported to a cut-off of $0.05 per tonne profit. (7) Tonnages are rounded to the nearest 10,000 tonnes, grades are rounded to two decimal places. (8) Rounding as required by reporting guidelines may result in apparent summation difference between tonnes, grade and contained metal content. (9) Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy ounces. Contained lead and zinc pounds are Imperial pound units. GOLDCORP 49

The following table reflects the increase in Mineral Resources for the Peñasquito Mine noted above and sets forth the Goldcorp Mineral Resource estimation and replaces and supersedes all previous disclosure contained in the Company s Annual Information Form for the year ended December 31, 2013 and other public filings with respect to the Mineral Resources for the Company. (as at December 31, 2013) GOLDCORP MINERAL RESOURCES MEASURED INDICATED MEASURED & INDICATED INFERRED Tonnage Grade Contained 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 mt g Au/t m oz Alumbrera 37.5% Camino Rojo 100.0% 182.94 0.87 5.12 182.94 0.87 5.12 181.04 0.84 4.90 Cerro Blanco 100.0% 2.52 15.64 1.27 2.52 15.64 1.27 1.35 15.31 0.67 Cerro Negro 100.0% 5.12 3.12 0.51 5.12 3.12 0.51 5.32 4.81 0.82 Cochenour 100.0% 9.05 11.18 3.25 Dee 40.0% 2.82 21.75 1.37 0.96 21.75 1.37 0.96 10.32 0.44 0.15 El Morro 70.0% 3.89 0.48 0.06 19.31 0.39 0.24 23.20 0.40 0.30 472.19 0.25 3.85 El Sauzal 100.0% 1.50 0.94 0.05 0.71 1.52 0.03 2.21 1.13 0.08 0.04 1.41 Eleonore 100.0% 13.25 9.63 4.10 Los Filos 100.0% 9.87 2.89 0.92 71.39 0.82 1.88 81.26 1.07 2.79 191.67 0.82 5.03 Marlin 100.0% 0.26 2.77 0.02 0.32 3.37 0.03 0.58 3.10 0.06 0.23 5.25 0.04 Musselwhite 100.0% 0.11 5.33 0.02 0.69 5.63 0.13 0.80 5.59 0.14 4.73 5.65 0.86 Noche Buena 100.0% 71.75 0.42 0.96 71.75 0.42 0.96 17.67 0.42 0.24 Penasquito Heap Leach 100.0% 15.12 0.24 0.12 87.08 0.2 0.56 102.20 0.21 0.68 22.82 0.19 0.14 Penasquito Mill 100.0% 123.10 0.25 0.97 436.81 0.27 3.80 559.91 0.26 4.77 100.26 0.27 0.88 Porcupine 100.0% 43.59 1.29 1.80 149.53 1.16 5.59 193.12 1.19 7.39 17.03 2.17 1.19 Pueblo Viejo 40.0% 2.04 2.58 0.17 75.03 2.42 5.84 77.07 2.42 6.01 3.31 3.11 0.33 Red Lake 100.0% 1.49 18.64 0.89 3.09 15.23 1.52 4.59 16.34 2.41 3.06 17.64 1.73 San Nicolas 21.0% 19.26 0.46 0.28 19.26 0.46 0.28 2.28 0.26 0.02 Wharf 100.0% 4.35 0.70 0.10 1.49 0.7 0.03 5.84 0.70 0.13 Totals 5.12 28.75 33.86 28.20 SILVER mt g Ag/t m oz mt g A/t m oz mt g Ag/t m oz mt g Ag/t m oz Camino Rojo 100.0% 182.94 9.63 56.62 182.94 9.63 56.62 181.04 7.25 42.20 Cerro Blanco 100.0% 2.52 72.00 5.83 2.52 72.00 5.83 1.35 59.60 2.59 Cerro Negro 100.0% 5.12 22.95 3.78 5.12 22.95 3.78 5.32 34.35 5.87 Dee 40.0% 8.87 21.75 6.30 4.40 21.75 6.30 4.40 10.32 2.17 0.72 Los Filos 100.0% 9.87 11.47 3.64 71.39 7.05 16.19 81.26 7.59 19.82 191.67 5.97 36.79 Marlin 100.0% 0.26 119.54 0.99 0.32 155.03 1.60 0.58 139.25 2.59 0.23 201.32 1.51 Noche Buena 100.0% 71.75 14.06 32.44 71.75 14.06 32.44 17.67 13.92 7.91 Penasquito Heap Leach 100.0% 15.12 18.21 8.85 87.08 17.49 48.96 102.20 17.60 57.82 22.82 10.40 7.63 Penasquito Mill 100.0% 123.10 25.13 99.46 436.81 21.09 296.19 559.91 21.98 395.64 100.26 16.30 52.54 Pueblo Viejo 40.0% 2.04 15.41 1.01 75.03 13.25 31.97 77.07 13.31 32.99 3.31 20.27 2.16 San Nicolas 21.0% 19.26 26.70 16.53 19.26 26.70 16.53 2.28 17.40 1.27 Wharf 100.0% 4.35 3.58 0.50 1.49 3.51 0.17 5.84 3.56 0.67 Totals 114.45 514.68 629.13 161.19 COPPER mt %Cu m lbs Cu mt %Cu m lbs Cu mt %Cu m lbs Cu mt %Cu m lbs Cu Alumbrera 37.5% El Morro 70.0% 3.89 0.57% 49 19.31 0.51% 216 23.2 0.52% 264 472.19 0.35% 3,689 Pueblo Viejo 40.0% 2.04 0.12% 5 75.03 0.09% 153 77.07 0.09% 159 3.31 0.11% 8 San Nicolas 21.0% 19.26 1.24% 527 19.26 1.24% 527 2.28 1.24% 62 Totals 54 896 950 3,759 LEAD mt %Pb m lbs Pb mt %Pb m lbs Pb mt %Pb m lbs Pb mt %Pb m lbs Pb Penasquito Mill 100.0% 123.10 0.27% 722 436.81 0.20% 1,936 559.91 0.22% 2,658 100.26 0.19% 420 Camino Rojo 100.0% 182.94 0.08% 323 182.94 0.08% 323 181.04 0.07% 279 Totals 722 2,259 2,981 699 ZINC mt %Zn m lbs Zn mt %Zn m lbs Zn mt %Zn m lbs Zn mt %Zn m lbs Zn Penasquito Mill 100.0% 123.10 0.63% 1,704 436.81 0.53% 5,100 559.91 0.55% 6,804 100.26 0.42% 928 Camino Rojo 100.0% 0.37% 182.94 0.26% 1,049 182.94 0.26% 1,049 181.04 0.26% 1,038 San Nicolas 21.0% 0 19.26 1.68% 713 19.26 1.68% 713 2.28 0.97% 49 Totals 1,704 6,862 8,566 2,015 * Numbers may not add up due to rounding GOLDCORP 50

(1) All Mineral Resources have been reported as of December 31, 2013. All Mineral Resources set out in the table above, have been reviewed and approved by Gil Lawson, P.Eng., Vice President, Geology and Mine Planning, Goldcorp, who is a qualified person under NI 43-101. CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES This table uses the terms 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 ( SEC ) 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 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. CAUTIONARY NOTE REGARDING RESERVES AND RESOURCES Mineral reserves and mineral resources contained in this MD&A were reviewed and approved by Gil Lawson, P.Eng., Vice President, Geology and Mine Planning for Goldcorp, and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ( NI 43-101 ). All mineral reserves and mineral resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101, or the AusIMM JORC equivalent. All mineral resources are reported exclusive of mineral reserves and mineral resources which are not mineral reserves do not have demonstrated economic viability. Information on data verification performed on the mineral properties mentioned in this MD&A that are considered to be material mineral properties to the Company are contained in Goldcorp s Annual Information Form for the year ended December 31, 2013 and the current technical report for those properties, all available at www.sedar.com. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This report 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. Forwardlooking 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, is expected, budget, scheduled, estimates, forecasts, intends, anticipates, 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 or the negative connotation thereof. Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Goldcorp to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Goldcorp will operate in the future, including the price of gold, anticipated costs and ability to achieve goals. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, among others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks, litigation risks, regulatory restrictions (including environmental regulatory restrictions and liability), activities by governmental authorities (including changes in taxation), currency fluctuations, the speculative nature of gold exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees, additional funding requirements and defective title to mineral claims or property. Although Goldcorp has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Forward-looking statements are subject to known and unknown risks, uncertainties and other important 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, including economical and political instability in foreign jurisdictions in which Goldcorp operates; risks related to current global financial conditions; risks related to joint venture operations; actual results of current exploration activities; environmental risks; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; mine development and operating risks; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; risks related to indebtedness and the service of such indebtedness, 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, 2013 available at www.sedar.com. Although GOLDCORP 51

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. Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Except as otherwise indicated by Goldcorp, these statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management s current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Goldcorp does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws. GOLDCORP 52

Exhibit 99.2 Third Quarter Report 2014 CONDENSED INTERIM CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS (In millions of United States dollars, except for per share amounts Unaudited) Three Months Ended Nine Months Ended Note 2014 2013 2014 2013 Revenues 10(c) $ 859 $ 895 $ 2,663 $ 2,717 Mine operating costs Production costs 5 & 6 (530) (509) (1,536) (1,509) Depreciation and depletion 6(b), 7(f) & 10 (192) (158) (541) (463) (722) (667) (2,077) (1,972) Earnings from mine operations 137 228 586 745 Exploration and evaluation costs 7(c) (12) (9) (29) (34) Share of net earnings (loss) of associates 9 15 (155) 131 (101) Impairment of mining interests and goodwill 7(a) & 8 (19) (19) (2,558) Corporate administration (63) (66) (188) (189) Earnings (loss) from operations and associates 10 58 (2) 481 (2,137) Gains (losses) on securities, net 13(b) 5 (3) 9 (15) (Losses) gains on derivatives, net 13(a) (14) 8 (6) 79 Gain on disposition of mining interest, net 7(d) 18 Finance costs (15) (12) (42) (40) Other income (expenses) 5 (2) (21) Earnings (loss) from continuing operations before taxes 39 (11) 439 (2,113) Income tax (expense) recovery 12 (83) 11 (187) 473 Net (loss) earnings from continuing operations (44) 252 (1,640) Net earnings (loss) from discontinued operation 4 5 (15) 20 Net (loss) earnings $ (44) $ 5 $ 237 $ (1,620) Net (loss) earnings from continuing operations attributable to: Shareholders of Goldcorp Inc. $ (44) $ $ 250 $ (1,640) Non-controlling interest 2 Net (loss) earnings attributable to: $ (44) $ $ 252 $ (1,640) Shareholders of Goldcorp Inc. $ (44) $ 5 $ 235 $ (1,620) Non-controlling interest 2 Net (loss) earnings per share from continuing operations $ (44) $ 5 $ 237 $ (1,620) Basic 15 $ (0.05) $ $ 0.31 $ (2.02) Diluted 15 (0.05) (0.01) 0.30 (2.03) Net (loss) earnings per share Basic 15 $ (0.05) $ 0.01 $ 0.29 $ (2.00) Diluted 15 (0.05) 0.28 (2.01) The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements. GOLDCORP 1

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (In millions of United States dollars Unaudited) Three Months Ended Nine Months Ended Note 2014 2013 2014 2013 Net (loss) earnings $ (44) $ 5 $ 237 $ (1,620) Other comprehensive (loss) income, net of tax Items that may be reclassified subsequently to net (loss) earnings: Mark-to-market (losses) gains on available-for-sale securities (10) 14 12 (52) Reclassification adjustment for impairment losses included in net (loss) earnings 1 2 2 15 Reclassification adjustment for realized gains on disposition of available-for-sale securities recognized in net (loss) earnings (5) (10) (1) Item that will not be reclassified to net (loss) earnings: 13(b) (14) 16 4 (38) Remeasurements on defined benefit pension plans 3 (4) (1) (4) Total other comprehensive (loss) income, net of tax (11) 12 3 (42) Total comprehensive (loss) income $ (55) $ 17 $ 240 $ (1,662) Total comprehensive (loss) income attributable to: Shareholders of Goldcorp Inc. $ (55) $ 17 $ 238 $ (1,662) Non-controlling interest 2 $ (55) $ 17 $ 240 $ (1,662) The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements. GOLDCORP 2

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions of United States dollars Unaudited) Three Months Ended Nine Months Ended Note 2014 2013 2014 2013 Operating activities Net (loss) earnings from continuing operations $ (44) $ $ 252 $ (1,640) Adjustments for: Dividends from associate 9 38 27 105 71 Reclamation expenditures (11) (4) (22) (12) Items not affecting cash: Impairment of stockpiled ore 6(b) 41 41 Depreciation and depletion 6(b), 7(f) & 10 192 158 541 463 Share of net (earnings) loss of associates 9 (15) 155 (131) 101 Impairment of mining interests and goodwill 7(a) & 8 19 19 2,558 Share-based compensation expense 14(a) & (b) 19 24 59 64 (Gains) losses on securities, net 13(b) (5) 3 (9) 15 Unrealized losses (gains) on derivatives, net 13(a) 14 (4) 2 (66) Gain on disposition of mining interest, net 7(d) (18) Revision of estimates and accretion of reclamation and closure cost obligations 6 5 35 15 Deferred income tax expense (recovery) 12 117 28 55 (549) Other 10 10 21 33 Change in working capital 16 (189) (134) (212) (442) Net cash provided by operating activities of continuing operations 192 268 738 611 Net cash provided by operating activities of discontinued operation 6 2 37 Investing activities Expenditures on mining interests 10(h) (450) (483) (1,413) (1,437) Deposits on mining interest expenditures (50) (44) (105) (163) Proceeds from disposition of mining interest, net 7(d) 193 Interest paid 10(h) (40) (14) (68) (23) Purchases of money market investments and available-for-sale securities (71) (17) (120) (615) Proceeds from maturities and sales of money market investments and available-for-sale securities, net 59 490 84 603 Other 1 Net cash used in investing activities of continuing operations (552) (67) (1,429) (1,635) Net cash (used in) provided by investing activities of discontinued operation 16 (14) 208 (48) Financing activities Debt borrowings, net of transaction costs 11 & 13(d)(ii) 1,000 3,313 1,481 Debt repayments 11 & 13(d)(ii) (1,313) (2,638) Dividends paid to shareholders 15(b) (122) (122) (366) (365) Common shares issued, net of issuance costs 1 3 4 3 Other 13(d)(ii) (50) (81) 131 Net cash (used in) provided by financing activities of continuing operations (484) (119) 232 1,250 Effect of exchange rate changes on cash and cash equivalents (1) (Decrease) increase in cash and cash equivalents (844) 73 (249) 215 Cash and cash equivalents, beginning of the period 1,220 899 625 757 Cash and cash equivalents, end of the period 16 $ 376 $ 972 $ 376 $ 972 Supplemental cash flow information (note 16) The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements. GOLDCORP 3

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (In millions of United States dollars Unaudited) Note At 2014 At December 31 2013 Assets Current assets Cash and cash equivalents 16 $ 376 $ 625 Money market investments 52 Accounts receivable 13(a) 449 469 Inventories and stockpiled ore 6 857 727 Note receivable 13(d)(i) 5 Income taxes receivable 152 182 Assets held for sale 4 227 Other 182 139 2,068 2,374 Mining interests Owned by subsidiaries 7 & 8 24,014 22,928 Investments in associates 7 & 9 2,064 2,210 7 & 8 26,078 25,138 Goodwill 1,454 1,454 Investments in securities 65 77 Note receivable 13(d)(i) 23 Deposits on mining interest expenditures 29 71 Deferred income taxes 23 19 Heap leach and stockpiled ore 6 185 141 Other 316 267 Total assets 10 $ 30,218 $ 29,564 Liabilities Current liabilities Accounts payable and accrued liabilities $ 878 $ 856 Income taxes payable 28 6 Debt 11 & 13(d)(ii) 550 832 Derivative liabilities 13(a) 46 57 Liabilities relating to assets held for sale 4 44 Other 162 238 1,664 2,033 Deferred income taxes 5,624 5,594 Debt 11 2,472 1,482 Provisions 602 517 Income taxes payable 71 55 Other 99 125 Total liabilities 10 10,532 9,806 Equity Shareholders equity Common shares, stock options and restricted share units 17,245 17,191 Accumulated other comprehensive income 4 1 Retained earnings 2,222 2,353 19,471 19,545 Non-controlling interest 215 213 Total equity 19,686 19,758 Total liabilities and equity $ 30,218 $ 29,564 Commitments and contingencies (notes 13(d)(ii) and 17); Subsequent event (note 18) The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements. GOLDCORP 4

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (In millions of United States dollars, shares in thousands Unaudited) Common Shares Shares issued, fully paid with no par value Amount Stock options and restricted share units Accumulated Other Comprehensive Income (Loss) Investment revaluation reserve Other Retained earnings Attributable to shareholders of Goldcorp Inc. Noncontrolling interest At January 1, 2014 812,257 $ 16,895 $ 296 $ 3 $ (2) $ 2,353 $ 19,545 $ 213 $ 19,758 Total comprehensive income Net earnings 235 235 2 237 Other comprehensive income (loss) 4 (1) 3 3 4 (1) 235 238 2 240 Stock options exercised and restricted share units issued and vested (note 14(a)) 1,275 45 (42) 3 3 Share-based compensation (note 14(a)) 51 51 51 Dividends (note 15(b)) (366) (366) (366) At, 2014 813,532 $ 16,940 $ 305 $ 7 $ (3) $ 2,222 $ 19,471 $ 215 $ 19,686 Total Shares issued, fully paid with no par value Common Shares Amount Stock options and restricted share units Accumulated Other Comprehensive Income (Loss) Investment revaluation reserve Other Retained earnings Attributable to shareholders of Goldcorp Inc. Noncontrolling interest At January 1, 2013 811,519 $ 16,865 $ 252 $ 51 $ $ 5,548 $ 22,716 $ 213 $ 22,929 Total comprehensive loss Net loss (1,620) (1,620) (1,620) Other comprehensive loss (38) (4) (42) (42) (38) (4) (1,620) (1,662) (1,662) Stock options exercised and restricted share units issued and vested (note 14(a)) 713 30 (27) 3 3 Share-based compensation (note 14(a)) 54 54 54 Dividends (note 15(b)) (365) (365) (365) At, 2013 812,232 $ 16,895 $ 279 $ 13 $ (4) $ 3,563 $ 20,746 $ 213 $ 20,959 Total The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements. GOLDCORP 5

(In millions of United States dollars, except where noted) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2014 1. DESCRIPTION OF BUSINESS AND NATURE OF OPERATIONS Goldcorp Inc. is the ultimate parent company of its consolidated group ( Goldcorp or the Company ). The Company is incorporated and domiciled in Canada, and its registered office is at Suite 3400 666 Burrard Street, Vancouver, British Columbia, V6C 2X8. The Company is a gold producer engaged in the operation, exploration, development, and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company s current sources of operating cash flows are primarily from the sale of gold, silver, copper, lead, and zinc. At, 2014, the Company s principal producing mining properties were comprised of the Red Lake, Porcupine and Musselwhite gold mines in Canada; the Peñasquito gold/silver/lead/zinc mine and the Los Filos and El Sauzal gold mines in Mexico; the Marlin gold/ silver mine in Guatemala; the Wharf gold mine in the United States; the Alumbrera gold/copper mine (37.5% interest) in Argentina; and the Pueblo Viejo gold/silver/copper mine (40.0% interest) in the Dominican Republic. The Company also has a 39.3% equity interest in Tahoe Resources Inc. ( Tahoe ), which owns and operates the Escobal silver mine in Guatemala. The Escobal mine achieved commercial production effective January 1, 2014. The Company's 66.7% interest in the Marigold mine in the United States, the sale of which completed on April 4, 2014, has been classified as a discontinued operation for the nine months ended, 2014 (note 4). The Company s significant development projects at, 2014 were comprised of the Cerro Negro gold project in Argentina; the Éléonore and Cochenour gold projects in Canada; the El Morro gold/copper project (70.0% interest) in Chile; and the Camino Rojo gold/ silver project in Mexico. On March 26, 2014, the Company disposed of its 19.5% equity interest in Primero Mining Corp. ( Primero ) which was previously recognized as an investment in associate (notes 7(d) and 9(d)). 2. BASIS OF PREPARATION These unaudited condensed interim consolidated financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting ( IAS 34 ) as issued by the International Accounting Standards Board ( IASB ). Accordingly, certain disclosures included in annual financial statements prepared in accordance with International Financial Reporting Standards ( IFRSs ) as issued by the IASB have been condensed or omitted. These unaudited condensed interim consolidated financial statements should be read in conjunction with the Company s audited consolidated financial statements for the year ended December 31, 2013. The accounting policies applied in the preparation of these unaudited condensed interim consolidated financial statements are consistent with those applied and disclosed in the Company s audited consolidated financial statements for the year ended December 31, 2013, except for the application of the following new interpretation and amendments to existing IFRSs, which were effective January 1, 2014: IFRIC 21 Levies ( IFRIC 21 ), an interpretation of IAS 37 Provisions, Contingent Liabilities and Contingent Assets ("IAS 37"), clarifies that the obligating event, as defined by IAS 37, that gives rise to a liability to pay a levy is the activity described in the relevant legislation that triggers the payment of the levy. The Company has applied IFRIC 21 on a retrospective basis in compliance with the transitional requirements of IFRIC 21. The application of IFRIC 21 did not result in an adjustment to the Company's unaudited condensed interim consolidated financial statements. Certain amendments to IFRSs as issued by the IASB. These amendments did not have a significant impact on the Company's unaudited condensed interim consolidated financial statements. The Company has not early adopted any other amendment, standard or interpretation that has been issued by the IASB but is not yet effective. The Company s interim results are not necessarily indicative of its results for a full year. Significant judgements and estimates The Company s management makes judgements in its process of applying the Company s accounting policies in the preparation of its unaudited condensed interim consolidated financial statements. In addition, the preparation of the financial data requires that the Company s management make assumptions and estimates of the impacts of uncertain future events on the carrying amounts of the Company s assets and liabilities at the end of the reporting period, and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates as the estimation process is inherently uncertain. Estimates are reviewed on an ongoing basis based on historical experience and other factors that are considered to be relevant under the circumstances. Revisions to estimates and the resulting impacts on the carrying amounts of the Company s assets and liabilities are accounted for prospectively. The critical judgements GOLDCORP 6

(In millions of United States dollars, except where noted) and estimates applied in the preparation of the Company s unaudited condensed interim consolidated financial statements for the three and nine months ended, 2014 are consistent with those applied and disclosed in notes 5 and 6 to the Company s audited consolidated financial statements for the year ended December 31, 2013. Basis of consolidation These unaudited condensed interim consolidated financial statements include the accounts of the Company and its subsidiaries. The Company's presentation currency is the United States ("US") dollar. All amounts are expressed in millions of US dollars, unless otherwise stated. References to C$ are to Canadian dollars. The principal subsidiaries (mine sites and operating segments) of Goldcorp and their geographic locations at, 2014 were as follows: Direct parent company (mine sites and operating segments) (note 10) Location Ownership interest Mining properties and development projects owned (note 7) Red Lake Gold Mines Ontario Partnership ( Red Lake ) Canada 100% Red Lake and Campbell Complexes, and Cochenour project Goldcorp Canada Ltd./Goldcorp Inc. ( Porcupine ) Canada 100% Porcupine mines Goldcorp Canada Ltd./Goldcorp Inc. ( Musselwhite ) Canada 100% Musselwhite mine Les Mines Opinaca Ltée ( Éléonore ) Canada 100% Éléonore project Minera Peñasquito S.A. de C.V. and Camino Rojo S.A. de C.V. ( Peñasquito ) Mexico 100% Peñasquito mine, and Camino Rojo project Desarrollos Mineros San Luis S.A. de C.V. ( Los Filos ) Mexico 100% Los Filos mine Minas de la Alta Pimeria S.A. de C.V. ( El Sauzal ) Mexico 100% El Sauzal mine Montana Exploradora de Guatemala S.A. ( Marlin ) Guatemala 100% Marlin mine Wharf Resources (USA) Inc. ( Wharf ) United States 100% Wharf mine Oroplata S.A. ( Cerro Negro ) Argentina 100% Cerro Negro project Sociedad Contractual Minera El Morro ( El Morro ) Chile 70.0% El Morro project Intercompany assets and liabilities, equity, income, expenses and cash flows between the Company and its subsidiaries are eliminated. These unaudited condensed interim consolidated financial statements also include the following significant investments in associates that are accounted for using the equity method: Associates (mine sites and operating segments) (notes 9 and 10) Location Ownership interest Mining properties owned (note 7) Minera Alumbrera Limited ( Alumbrera ) Argentina 37.5% Alumbrera mine Pueblo Viejo Dominicana Corporation ( Pueblo Viejo ) Dominican 40.0% Pueblo Viejo mine Republic Tahoe Resources Inc. Guatemala 39.3% Escobal mine 3. CHANGES IN ACCOUNTING STANDARDS NOT YET EFFECTIVE Revenue recognition In May 2014, the IASB issued IFRS 15 Revenue from Contracts with Customers ("IFRS 15") which supersedes IAS 11 Construction Contracts; IAS 18 Revenue; IFRIC 13 Customer Loyalty Programmes; IFRIC 15 Agreements for the Construction of Real Estate; IFRIC 18 Transfers of Assets from Customers; and SIC 31 Revenue Barter Transactions involving Advertising Services. IFRS 15 establishes a single five-step model framework for determining the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer. The standard is effective for annual periods beginning on or after January 1, 2017, with early adoption permitted. The Company is currently evaluating the impact the final standard is expected to have on its consolidated financial statements. GOLDCORP 7

(In millions of United States dollars, except where noted) Financial instruments In July 2014, the IASB issued the final version of IFRS 9 Financial Instruments ( IFRS 9 ) to replace IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 provides a revised model for recognition and measurement of financial instruments and a single, forward-looking 'expected loss' impairment model. IFRS 9 also includes a substantially reformed approach to hedge accounting. The standard is effective for annual periods beginning on or after January 1, 2018, with early adoption permitted. The Company is currently evaluating the impact the final standard is expected to have on its consolidated financial statements. Regulatory deferral accounts In January 2014, the IASB issued a new interim standard, IFRS 14 Regulatory Deferral Accounts ( IFRS 14 ). IFRS 14 is intended to enhance the comparability of financial reporting by entities engaged in rate-regulated activities and is effective for annual periods beginning on or after January 1, 2016. IFRS 14 is not expected to be applicable to the Company. Annual improvements In September 2014, the IASB issued the Annual Improvements 2012-2014 cycle to make necessary but non-urgent amendments to existing IFRSs. The amendments are effective for annual periods beginning on or after July 1, 2016; however, these amendments are not expected to have a significant impact on the Company's consolidated financial statements. In December 2013, the IASB issued the Annual Improvements 2010-2012 and 2011-2013 cycles to make necessary but non-urgent amendments to existing IFRSs. The amendments are effective for annual periods beginning on or after July 1, 2014; however, these amendments are not expected to have a significant impact on the Company's consolidated financial statements. 4. DISCONTINUED OPERATION On April 4, 2014, the Company, in conjunction with its joint venture partner, Barrick Gold Corporation ("Barrick"), completed the sale of their respective interests in the Marigold mine ("Marigold") to Silver Standard Resources Inc. for total consideration of $267 million in cash, after closing adjustments (Goldcorp's share $184 million). The disposal of the Company's 66.7% interest in Marigold reflects the Company's ongoing strategy to focus on a portfolio of core assets. The Company recognized a loss on disposition of $4 million ($21 million after tax), calculated as follows: Cash proceeds, net of transaction costs $ 182 Net assets sold and derecognized: Inventories and stockpiled ore 69 Other current assets 6 Mining interest 153 Accounts payable and accrued liabilities Deferred income taxes Provisions Loss on disposition Income tax expense on disposition, net Net loss on disposition $ (21) (15) (9) (18) 186 (4) (17) The results of the Company's 66.7% share of Marigold have been presented as net loss and cash flows from discontinued operation for the nine months ended, 2014. The comparative net earnings and cash flows for the three and nine months ended September 30, 2013 have been re-presented to include those operations classified as discontinued in the current period. The components of net earnings (loss) from discontinued operation for the three and nine months ended are as follows: GOLDCORP 8

(In millions of United States dollars, except where noted) Three Months Ended Nine Months Ended 2014 2013 2014 2013 Revenues $ $ 34 $ 28 $ 116 Mine operating costs (28) (26) (86) Earnings from mine operation 6 2 30 Corporate administration Earnings from discontinued operation before taxes 6 2 30 Income tax (expense) recovery (1) 4 (10) Earnings from discontinued operation 5 6 20 Loss on disposition (4) Income tax expense on disposition, net (17) Net loss on disposition of discontinued operation (21) Net earnings (loss) from discontinued operation attributable to shareholders of Goldcorp Inc. $ $ 5 $ (15) $ 20 Net earnings (loss) per share from discontinued operation Basic $ $ 0.01 $ (0.02) $ 0.02 Diluted 0.01 (0.02) 0.02 5. PRODUCTION COSTS Three Months Ended Nine Months Ended 2014 2013 2014 2013 Raw materials and consumables $ 225 $ 271 $ 725 $ 826 Salaries and employee benefits (a) 113 112 334 358 Contractors 107 97 298 293 Royalties 17 12 50 39 Revision in estimates and liabilities incurred on reclamation and closure cost obligations 16 Change in inventories (note 6) 29 (16) (25) (106) Other 39 33 138 99 $ 530 $ 509 $ 1,536 $ 1,509 (a) Salaries and employee benefits excludes $23 million and $68 million of salaries and employee benefits included in corporate administration expense for the three and nine months ended, 2014, respectively (three and nine months ended, 2013 $22 million and $60 million, respectively). GOLDCORP 9

(In millions of United States dollars, except where noted) 6. INVENTORIES AND STOCKPILED ORE At 2014 At December 31 2013 Supplies $ 247 $ 225 Finished goods 139 87 Work-in-process 46 27 Heap leach ore 410 349 Stockpiled ore (b) 200 180 1,042 868 Less: non-current heap leach and stockpiled ore (185) (141) $ 857 $ 727 (a) The costs of inventories recognized as expenses for the three and nine months ended, 2014 amounted to $676 million and $1,914 million, respectively and are included in total mine operating costs (three and nine months ended, 2013 $634 million and $1,877 million, respectively). (b) The Company recognized an impairment expense of $55 million during the three and nine months ended, 2014 on its non-current stockpiled ore. Of the total impairment expense, $41 million and $14 million was recognized as production costs and depreciation and depletion expense on the Condensed Interim Consolidated Statements of (Loss) Earnings, respectively. 7. MINING INTERESTS Cost Mining properties Depletable Non-depletable Reserves and resources Reserves and resources Exploration potential Plant and equipment (g)(h) Investments in associates (note 9) At January 1, 2014 $ 7,690 $ 7,582 $ 8,170 $ 5,138 $ 2,210 $ 30,790 Expenditures on mining interests (b)(c) 359 505 2 643 1,509 Share of net earnings of associates 131 131 Disposition of investment in associate (d) (175) (175) Dividends from associate (105) (105) Transfers and other movements (e) (43) 199 (209) 264 3 214 At, 2014 8,006 8,286 7,963 6,045 2,064 32,364 Accumulated depreciation and depletion and impairment At January 1, 2014 (2,929) (234) (1,188) (1,301) (5,652) Depreciation and depletion (f) (376) (257) (633) Impairment charges (a) (note 8) (17) (2) (19) Transfers and other movements (e) 18 18 At, 2014 (3,322) (234) (1,188) (1,542) (6,286) Carrying amount, 2014 $ 4,684 $ 8,052 $ 6,775 $ 4,503 $ 2,064 $ 26,078 Total GOLDCORP 10

(In millions of United States dollars, except where noted) Cost Mining properties Depletable Non-depletable Reserves and resources Reserves and resources Exploration potential Plant and equipment (g)(h) Investments in associates (note 9) At January 1, 2013 $ 7,395 $ 6,528 $ 8,506 $ 4,278 $ 2,663 $ 29,370 Expenditures on mining interests 530 652 3 880 49 2,114 Expenditures on mining interests classified as held for sale (note 4) 11 51 62 Reclassifications to mining interests classified as held for sale (note 4) (273) (18) (195) (486) Share of net loss and impairment of associates (395) (395) Dividends from associate (108) (108) Transfers and other movements (e) 27 420 (339) 124 1 233 At December 31, 2013 7,690 7,582 8,170 5,138 2,210 30,790 Accumulated depreciation and depletion and impairment At January 1, 2013 (1,942) (863) (2,805) Depreciation and depletion (409) (300) (709) Depreciation and depletion relating to mining interests classified as held for sale (note 4) (13) (12) (25) Reclassifications to mining interests classified as held for sale (note 4) 187 8 139 334 Impairment charges (747) (242) (1,188) (318) (2,495) Transfers and other movements (e) (5) 53 48 At December 31, 2013 (2,929) (234) (1,188) (1,301) (5,652) Carrying amount December 31, 2013 $ 4,761 $ 7,348 $ 6,982 $ 3,837 $ 2,210 $ 25,138 Total GOLDCORP 11

(In millions of United States dollars, except where noted) A summary by property of the carrying amount of mining interests is as follows: Mining properties Depletable Non-depletable Reserves and resources Reserves and resources Exploration potential Plant and At equipment (g)(h) 2014 At December 31 2013 Red Lake (i) $ 735 $ 1,065 $ 723 $ 484 $ 3,007 $ 2,906 Porcupine 396 64 137 597 573 Musselwhite 184 4 111 227 526 537 Éléonore (b) 1,858 1,079 2,937 2,358 Peñasquito (b)(i) 2,403 943 4,267 959 8,572 8,624 Los Filos 562 36 174 772 786 El Sauzal (a) 1 1 31 Marlin 372 71 32 132 607 654 Cerro Blanco 47 1 48 49 Wharf 31 16 47 45 Cerro Negro (b) 2,632 1,520 1,173 5,325 4,825 El Morro (b) 1,332 112 18 1,462 1,439 Corporate and Other 10 103 113 101 Investments in associates (note 9) $ 4,684 $ 8,052 $ 6,775 $ 4,503 $ 24,014 $ 22,928 Alumbrera 81 172 Pueblo Viejo 1,617 1,528 Other (d) 366 510 2,064 2,210 $ 26,078 $ 25,138 (a) During the three and nine months ended, 2014, the Company recognized an impairment charge of $19 million, before tax ($13 million, net of tax) (note 8), against the carrying amount of El Sauzal's mining interest. (b) Includes capitalized borrowing costs incurred during the three and nine months ended as follows: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Éléonore $ 12 $ 7 $ 34 $ 17 Camino Rojo (i) 1 2 5 5 Cerro Negro 15 11 44 30 El Morro 3 4 11 11 $ 31 $ 24 $ 94 $ 63 The Company's borrowings eligible for capitalization include the Company s $1.0 billion notes (the "$1.0 billion Notes"), $1.5 billion notes (the "$1.5 billion Notes"), $863 million convertible senior notes (the "Convertible Notes"), the $2.0 billion revolving credit facility (collectively, "general borrowings"), and certain financing arrangements held by Cerro Negro (note 13(c)(iii)). The amount of general borrowing costs capitalized were determined by applying the weighted average cost of borrowings during the three and nine months ended, 2014 of 4.29% and 4.69%, respectively (three and nine months ended, 2013 5.03% and 5.44%, respectively), proportionately to the accumulated qualifying expenditures on mining interests. Of the $32 million and $95 million of interest incurred including accretion on the Company's general borrowings during the three and nine months ended, 2014, respectively (three and nine months ended, 2013 $30 million and $76 million, respectively), $28 million and $85 million, respectively (three and nine months ended, 2013 $22 million and $56 million, respectively), GOLDCORP 12

(In millions of United States dollars, except where noted) was capitalized, with the remainder recognized as finance costs in the Condensed Interim Consolidated Statements of (Loss) Earnings. For the three and nine months ended, 2014, all of the borrowing costs incurred by the Company on the financing arrangements held by Cerro Negro of $3 million and $9 million, respectively (three and nine months ended, 2013 $2 million and $7 million, respectively), were capitalized. (c) During the three and nine months ended, 2014, the Company incurred $47 million and $108 million, respectively (three and nine months ended, 2013 $40 million and $116 million, respectively), in exploration and evaluation expenditures, of which $35 million and $79 million, respectively (three and nine months ended, 2013 $31 million and $82 million, respectively), has been capitalized and included in expenditures on mining interests. The remaining $12 million and $29 million, respectively (three and nine months ended, 2013 $9 million and $34 million, respectively), were expensed. (d) On March 26, 2014, the Company disposed of its interest in Primero to a syndicate of underwriters for gross proceeds of $201 million (C$224 million) and recognized a gain of $18 million, net of tax and selling costs of $8 million (note 9(d)). (e) Transfers and other movements primarily represent the conversion of reserves, resources and exploration potential within mining interests, deposits on mining interest expenditures, capitalized reclamation and closure costs, capitalized depreciation, and dispositions of mining properties during the period. (f) Depreciation and depletion expensed for the three and nine months ended, 2014 was $192 million and $541 million, respectively (three and nine months ended, 2013 $158 million and $463 million, respectively), as compared to total depreciation and depletion of $231 million and $633 million, respectively (three and nine months ended, 2013 $165 million and $503 million, respectively), due to the capitalization of depreciation of $12 million and $38 million, respectively (three and nine months ended, 2013 $11 million and $34 million, respectively), relating to development projects and movements in amounts allocated to work-in-progress inventories and stockpiled ore of $27 million and $54 million, respectively (three and nine months ended, 2013 $(4) million and $6 million, respectively). (g) At, 2014, assets under construction, and therefore not yet being depreciated, included in the carrying amount of plant and equipment amounted to $1,973 million (December 31, 2013 $1,488 million). (h) At, 2014, finance leases included in the carrying amount of plant and equipment amounted to $70 million (December 31, 2013 $75 million). (i) The Company s 100% interests in the Cochenour gold project in Canada and the Camino Rojo gold project in Mexico are included in the carrying amounts of the Red Lake and Peñasquito mining properties, respectively. 8. IMPAIRMENT The recoverable amounts of the Company's cash generating units ("CGUs"), which include mining properties, plant and equipment (note 7), and allocated goodwill, are determined on an annual basis, or where facts and circumstances provide impairment indicators. The recoverable amounts are based on each CGU's future after-tax cash flows expected to be derived from the Company's mining properties and represent each CGU's fair value less costs to sell ("FVLCTS"), which is estimated using assumptions classified as Level 3 in the fair value hierarchy. These assumptions include future metal prices; production based on current estimates of recoverable reserves and resources and exploration potential; future operating costs and non-expansionary capital expenditures; inflation; and long-term foreign exchange rates. Metal pricing assumptions included in the cash flow projections are based on historical volatility and consensus analyst pricing which remain unchanged from the December 31, 2013 year end. The projected cash flows are discounted using the Company's after-tax discount rate of 5%. GOLDCORP 13

(In millions of United States dollars, except where noted) The impairment expense recognized in respect of the Company's CGUs for the three and nine months ended are: Mining Interests Three Months Ended Nine Months Ended 2014 2013 2014 2013 El Sauzal (a) $ 19 $ $ 19 $ Peñasquito 2,144 Cerro Blanco 131 Goodwill 19 19 2,275 Peñasquito 283 $ 19 $ $ 19 $ 2,558 a) During the three months ended, 2014, the Company suspended mining operations at El Sauzal after experiencing instability of the pit wall and crest of the Trini pit. The impact of the pit wall instability on El Sauzal's operations was evaluated during the quarter and it was deemed unsafe and uneconomical to continue mining the remainder of the high grade ore at the bottom of the Trini Pit, which resulted in the acceleration of the mine closure plan and a decrease in the recoverable ounces and associated future after-tax cash flows to be generated over the remaining life of mine. Consequently, the Company recorded an impairment against mining interests of $19 million ($13 million, net of tax) at, 2014. Of the total impairment, $17 million and $2 million were applied to depletable reserves and resources and property, plant and equipment, respectively. 9. INVESTMENTS IN ASSOCIATES At, 2014, the Company had a 37.5% interest in Alumbrera, a 40.0% interest in Pueblo Viejo, and a 39.3% interest in Tahoe. These investments are accounted for using the equity method and included in mining interests (note 7). The Company adjusts each associate s financial results, where appropriate, to give effect to uniform accounting policies. Alumbrera Pueblo Viejo (e)(f) Other (a)(b)(d) Total Carrying amount at January 1, 2014 $ 172 $ 1,528 $ 510 $ 2,210 Dividends from associate (105) (105) Company s share of net earnings of associates (c)(e) 14 86 31 131 Disposition of investment in associate (d) (175) (175) Other 3 3 Carrying amount at, 2014 $ 81 $ 1,617 $ 366 $ 2,064 Carrying amount at January 1, 2013 $ 575 $ 1,546 $ 542 $ 2,663 Expenditures and investments 49 49 Dividends from associate (108) (108) Impairment of investments in associates (276) (19) (295) Company s share of net loss of associates (19) (66) (15) (100) Other (1) 2 1 Carrying amount at December 31, 2013 $ 172 $ 1,528 $ 510 $ 2,210 Summarized financial information for the Company's investments in Alumbrera and Pueblo Viejo, on a 100% basis and reflecting adjustments made by the Company, including fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies, is as follows: GOLDCORP 14

(In millions of United States dollars, except where noted) Three months ended, 2014 Alumbrera Pueblo Viejo (c) Revenues $ 212 $ 376 Production costs (190) (141) Depreciation and depletion (18) (72) Earnings from mine operations (g) 4 163 Net (loss) earnings of associates (g) (12) 26 The Company's equity share of net (loss) earnings of associates $ (4) $ 10 Three months ended, 2013 Revenues $ 317 $ 280 Production costs (178) (123) Depreciation and depletion (73) (40) Earnings from mine operations (g) 66 117 Net earnings (loss) of associates (g) 32 (419) The Company s equity share of net earnings (loss) of associates $ 12 $ (168) Nine months ended, 2014 Alumbrera Pueblo Viejo (c) Revenues $ 780 $ 1,123 Production costs (581) (436) Depreciation and depletion (56) (206) Earnings from mine operations (g) 143 481 Net earnings of associates (g) 37 215 The Company's equity share of net earnings of associates $ 14 $ 86 Nine months ended, 2013 Revenues $ 782 $ 819 Production costs (494) (313) Depreciation and depletion (157) (93) Earnings from mine operations (g) 131 413 Net earnings (loss) of associates (g) 37 (282) The Company s equity share of net earnings (loss) of associates $ 14 $ (113) GOLDCORP 15

(In millions of United States dollars, except where noted) At, 2014 Alumbrera Pueblo Viejo Current assets $ 383 $ 819 Non-current assets 327 6,740 710 7,559 Current liabilities 214 841 Non-current liabilities 281 2,676 495 3,517 Net assets 215 4,042 The Company's equity share of net assets of associates $ 81 $ 1,617 At December 31, 2013 Current assets $ 688 $ 556 Non-current assets 1,318 6,975 2,006 7,531 Current liabilities 262 664 Non-current liabilities 550 3,047 812 3,711 Net assets 1,194 3,820 The Company s share of net assets of associates 448 1,528 Impairment of investment in associate (276) The Company s equity share of net assets of associates $ 172 $ 1,528 The Company s equity share of cash flows of Alumbrera and Pueblo Viejo are as follows: Three months ended, 2014 Alumbrera Pueblo Viejo Net cash provided by operating activities $ 12 $ 51 Net cash provided by (used in) investing activities 3 (3) Net cash used in financing activities (14) (20) Three months ended, 2013 Net cash provided by operating activities $ 51 $ 39 Net cash used in investing activities (20) (7) Net cash (used in) provided by financing activities (27) 17 Nine months ended, 2014 Alumbrera Pueblo Viejo Net cash provided by operating activities $ 97 $ 175 Net cash provided by (used in) investing activities 10 (31) Net cash used in financing activities (99) (41) Nine months ended, 2013 Net cash provided by operating activities $ 91 $ 108 Net cash used in investing activities (160) (86) Net cash (used in) provided by financing activities (71) 46 (a) The quoted market value of the Company s investment in Tahoe at, 2014 was $1.2 billion, based on the closing share price of Tahoe. (b) On January 14, 2014, Tahoe announced that the Escobal mine in Guatemala achieved commercial production effective January 1, 2014. (c) During the three months ended June 30, 2014, as a result of an agreement reached to sell a power-related asset for proceeds that exceeded its carrying value, Pueblo Viejo recognized a reversal of $16 million after tax (Goldcorp's share $6 million) of impairment expense previously recognized on the asset during the year ended December 31, 2012. The sale of the power asset was finalized GOLDCORP 16

(In millions of United States dollars, except where noted) during the three months ended, 2014 resulting in a $9 million after tax (Goldcorp's share $4 million) loss on sale during the three months ended, 2014. (d) On March 26, 2014, the Company disposed of its interest in Primero to a syndicate of underwriters for gross proceeds of $201 million (C$224 million) and recognized a gain of $18 million, net of tax and selling costs of $8 million (note 7(d)). The Company's share of Primero's net earnings for the period January 1, 2014 to the date of disposition, were included in the Company's consolidated results for the nine months ended, 2014. (e) During the three months ended, 2013, Pueblo Viejo reached an agreement with the Government of the Dominican Republic concerning amendments to the Special Lease Agreement ("SLA") for the Pueblo Viejo mine. The amendments to the SLA were substantively enacted and set out revised fiscal terms and clarified various administrative and operational matters. These amendments included the following items: elimination of a 10% return embedded in the initial capital investment for purposes of the net profits tax ("NPI"); an extension of the period over which Pueblo Viejo will recover its capital investment; a delay of application of NPI deductions; a reduction of depreciation rates; and the establishment of a graduated minimum tax. The graduated tax will be adjusted up or down based on metal prices. The agreement also included the following broad parameters consistent with the SLA: corporate income tax rate of 25%; net smelter royalty of 3.2%; and a NPI of 28.8%. Management's best estimate of the tax impact of the amendments was a $187 million charge, which was recognized in the Company's share of net loss of associates during the three months ended, 2013, comprised of current and deferred taxes. The estimate was finalized in the fourth quarter of 2013. (f) In June 2009, the Company entered into a $400 million shareholder loan agreement with Pueblo Viejo with a term of fifteen years. In April 2012, additional funding of $300 million was issued to Pueblo Viejo with a term of twelve years. Both loans bear interest at 95% of LIBOR plus 2.95% payable semi-annually in arrears on February 28 and August 31 of each year. With the consent of the Company, repayments of interest and principal may be deferred for a period of up to three years. The carrying amount of the loans are included as part of the carrying amount of the Company's investment in Pueblo Viejo. At, 2014, the carrying amount of the loans was $700 million and included in other assets was $43 million of interest receivable. (g) The net expense, which reconciles earnings from mine operations to net (loss) earnings of Alumbrera and Pueblo Viejo, for the three and nine months ended, 2014 and 2013 is comprised primarily of finance costs and income taxes. GOLDCORP 17

(In millions of United States dollars, except where noted) 10. SEGMENTED INFORMATION Operating results of operating segments are reviewed by the Company's chief operating decision maker to make decisions about resources to be allocated to the segments and assess their performance. Significant information relating to the Company s reportable operating segments is summarized in the table below: Revenues (c)(d) Depreciation and depletion Earnings (loss) from operations and associates (d)(e) Three Months Ended Expenditures on mining interests (h) 2014 2013 2014 2013 2014 2013 2014 2013 Red Lake (a) $ 125 $ 148 $ 28 $ 26 $ 41 $ 49 $ 65 $ 55 Porcupine 87 98 11 13 31 40 19 21 Musselwhite 81 75 14 12 23 19 11 19 Éléonore 158 161 Peñasquito (a) 361 315 78 41 15 55 87 56 Los Filos 86 98 13 13 30 37 11 13 El Sauzal (note 8) 12 30 4 9 (30) 2 Marlin 87 107 38 37 (3) 18 19 15 Cerro Blanco Wharf 20 24 1 1 5 5 1 4 Alumbrera (f)(g)(i) 79 119 7 28 2 25 20 20 Cerro Negro 97 136 El Morro 7 13 Pueblo Viejo (f)(g) 150 112 29 16 60 46 12 9 Other (b) 5 6 (60) (71) 13 10 Attributable segment total for continuing operations (f)(g) 1,088 1,126 228 202 114 225 520 532 Alumbrera (f)(g)(i) (79) (119) (7) (28) (6) (13) (20) (20) Pueblo Viejo (f)(g) (150) (112) (29) (16) (50) (214) (12) (9) Consolidated segment total for continuing operations 859 895 192 158 58 (2) 488 503 Consolidated segment total for discontinued operation (note 4) 34 5 6 13 Consolidated segment total $ 859 $ 929 $ 192 $ 163 $ 58 $ 4 $ 488 $ 516 GOLDCORP 18

(In millions of United States dollars, except where noted) Revenues (c)(d) Depreciation and depletion Earnings (loss) from operations and associates (d)(e) Nine Months Ended Expenditures on mining interests (h) 2014 2013 2014 2013 2014 2013 2014 2013 Red Lake (a) $ 373 $ 533 $ 81 $ 78 $ 112 $ 249 $ 175 $ 177 Porcupine 263 300 36 41 79 103 56 70 Musselwhite 256 254 43 36 82 72 32 61 Éléonore 535 420 Peñasquito (a) (note 8) 1,147 800 203 121 226 (2,376) 162 165 Los Filos 250 344 41 45 77 149 38 99 El Sauzal (note 8) 48 86 12 24 (32) 6 1 Marlin 264 336 109 103 (5) 76 57 50 Cerro Blanco (note 8) (131) 6 Wharf 62 64 3 3 20 21 3 10 Alumbrera (f)(g)(i) 292 293 21 59 53 49 39 61 Cerro Negro 401 380 El Morro 24 41 Pueblo Viejo (f)(g) 449 328 82 37 197 162 40 88 Other (b) 13 12 (178) (207) 26 23 Attributable segment total for continuing operations (f)(g) 3,404 3,338 644 559 631 (1,827) 1,588 1,652 Alumbrera (f)(g)(i) (292) (293) (21) (59) (39) (35) (39) (61) Pueblo Viejo (f)(g) (449) (328) (82) (37) (111) (275) (40) (59) Consolidated segment total for continuing operations 2,663 2,717 541 463 481 (2,137) 1,509 1,532 Consolidated segment total for discontinued operation (note 4) 28 116 15 2 30 1 55 Consolidated segment total $ 2,691 $ 2,833 $ 541 $ 478 $ 483 $ (2,107) $ 1,510 $ 1,587 GOLDCORP 19

(In millions of United States dollars, except where noted) At 2014 Total Assets At December 31 2013 Red Lake (a) $ 3,659 $ 3,736 Porcupine 658 679 Musselwhite 584 635 Éléonore 3,076 2,491 Peñasquito (a) 9,369 9,414 Los Filos 1,474 1,456 El Sauzal 28 60 Marlin 716 850 Cerro Blanco 48 50 Wharf 82 77 Alumbrera 81 172 Cerro Negro 6,663 6,119 El Morro 1,504 1,484 Pueblo Viejo 1,617 1,528 Marigold (note 4) 227 Other (b) 659 586 Total $ 30,218 $ 29,564 At 2014 Total Liabilities At December 31 2013 Red Lake (a) $ 96 $ 97 Porcupine 259 241 Musselwhite 80 77 Éléonore 552 541 Peñasquito (a) 3,087 3,031 Los Filos 262 258 El Sauzal 54 78 Marlin 183 183 Cerro Blanco 9 9 Wharf 46 38 Alumbrera Cerro Negro 1,593 1,618 El Morro 461 467 Pueblo Viejo Marigold (note 4) 44 Other (b) 3,850 3,124 Total $ 10,532 $ 9,806 (a) The Company s 100% interests in the Cochenour gold project in Canada and the Camino Rojo gold project in Mexico are included in the Red Lake and Peñasquito reportable operating segments, respectively. (b) Other includes corporate activities and the Company s share of net earnings (loss) of Tahoe and the Company's share of net earnings (loss) of Primero from January 1, 2014 to March 26, 2014 (note 7(d)), certain exploration properties in Mexico and corporate assets which have not been allocated to the above segments. Total corporate assets and liabilities at, 2014 were $283 million GOLDCORP 20

(In millions of United States dollars, except where noted) and $3,850 million, respectively (December 31, 2013 $68 million and $3,124 million, respectively). At, 2014, the Company's Mexican exploration properties had a carrying amount of $10 million (December 31, 2013 $8 million). (c) The Company s principal product is gold doré with the refined gold bullion sold primarily in the London spot market. Concentrate produced at Peñasquito and Alumbrera, containing both gold and by-product metals, is sold to third party refineries. The Company s consolidated revenues from continuing operations (excluding attributable share of revenues from associates) for the three and nine months ended are as follows: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Gold $ 641 $ 685 $ 1,966 $ 2,142 Silver 120 139 420 388 Zinc 70 43 190 116 Lead 27 26 79 64 Copper 1 2 8 7 $ 859 $ 895 $ 2,663 $ 2,717 The Company's reportable operating segments (including attributable share of revenues from associates) principally derived their revenue from gold sales other than segments identified in the following table: Three Months Ended Peñasquito Marlin Alumbrera Pueblo Viejo Gold 2014 $ 176 $ 56 $ 27 $ 142 2013 $ 145 $ 69 $ 44 $ 108 Silver 2014 87 31 1 8 2013 99 38 2 4 Zinc 2014 70 2013 43 Lead 2014 27 2013 26 Copper 2014 1 49 2013 2 69 Molybdenum 2014 2 2013 4 Total 2014 $ 361 $ 87 $ 79 $ 150 2013 $ 315 $ 107 $ 119 $ 112 GOLDCORP 21

(In millions of United States dollars, except where noted) Nine Months Ended Peñasquito Marlin Alumbrera Pueblo Viejo Gold 2014 $ 556 $ 167 $ 101 $ 426 2013 $ 352 $ 216 $ 110 $ 315 Silver 2014 314 97 5 23 2013 261 120 8 13 Zinc 2014 190 2013 116 Lead 2014 79 2013 64 Copper 2014 8 179 2013 7 167 Molybdenum 2014 7 2013 8 Total 2014 $ 1,147 $ 264 $ 292 $ 449 2013 $ 800 $ 336 $ 293 $ 328 (d) Intersegment sales and transfers are eliminated in the above information reported to the Company s chief operating decision maker. (e) The net expenses of $19 million and $42 million for the three and nine months ended, 2014, respectively (three and nine months ended, 2013 net expenses of $9 million and net earnings of $24 million, respectively), which reconciles the Company s earnings of $58 million and $481 million from operations and associates, respectively (three and nine months ended, 2013 loss of $2 million and $2,137 million, respectively), to the Company s earnings from continuing operations before taxes of $39 million and $439 million, respectively (three and nine months ended, 2013 loss of $11 million and $2,113 million, respectively), mainly arose from corporate activities that would be primarily allocated to the Other reportable operating segment, except for the net foreign exchange gain of $3 million and loss of $22 million, respectively (three and nine months ended, 2013 net loss of $14 million and $37 million, respectively), which is included in other expenses, that would be primarily allocated to the Cerro Negro, Éléonore, Los Filos, Red Lake and Other segments. (f) The attributable segment total of earnings (loss) from operations and associates eliminates certain non-operating expenses (income), including finance costs and income taxes that are included in Alumbrera and Pueblo Viejo s net equity earnings on a consolidated basis. (g) The Company includes certain Alumbrera and Pueblo Viejo operating results and expenditures on mining interests on a proportionate basis instead of on an equity basis in its attributable segment totals for segmented information disclosure purposes, consistent with how the operating results are reported to the Company's chief operating decision maker. (h) Segmented expenditures on mining interests include capitalized borrowing costs, are net of investment tax credits, exclude additions to reclamation assets arising from changes in estimates, and are presented on an accrual basis. Expenditures on mining interests and interest paid in the Condensed Interim Consolidated Statements of Cash Flows are presented on a cash basis. For the three and nine months ended, 2014, the change in accrued expenditures and investment tax credits was a decrease of $2 million and an increase of $28 million, respectively (three and nine months ended, 2013 an increase of $6 million and $72 million, respectively). (i) On September 17, 2014, the Argentine government enacted a law which seeks to protect consumers, stem job losses and ensure a steady supply of goods. The new law gives the government broad discretionary powers to control the economy and business decisions of private enterprise. The scope of the legislation is wide and covers all economic activities involving goods and services which may satisfy the welfare of the Argentines. It is possible that the new law could extend to the mining industry. GOLDCORP 22

(In millions of United States dollars, except where noted) 11. DEBT FINANCING $1.0 billion notes (a) At 2014 At December 31 2013 $550 million 7-year notes $ 545 $ $450 million 30-year notes 443 $1.5 billion notes 988 $500 million 5-year notes 496 495 $1.0 billion 10-year notes 988 987 1,484 1,482 $863 million convertible senior notes (b) 832 2,472 2,314 Less: current portion of debt financing (832) $ 2,472 $ 1,482 (a) On June 9, 2014, the Company issued the $1.0 billion Notes, consisting of $550 million in 7-year notes with a coupon rate of 3.625% (the "2021 Notes") and $450 million in 30-year notes with a coupon rate of 5.45% (the "2044 Notes"), which mature on June 9, 2021 and June 9, 2044, respectively. The Company received total proceeds of $988 million from the issuance, net of transaction costs. The $1.0 billion Notes are unsecured and interest is payable semi-annually in arrears on June 9 and December 9 of each year, beginning on December 9, 2014. The 2021 Notes and 2044 Notes are callable at anytime by the Company prior to maturity, subject to makewhole provisions. The carrying amounts of the 2021 Notes and the 2044 Notes will be accreted to the face value over their respective terms using annual effective interest rates of 3.75% and 5.49%, respectively. (b) Upon maturity on August 1, 2014, the Company repaid the $863 million of outstanding principal on the Convertible Notes. GOLDCORP 23

(In millions of United States dollars, except where noted) 12. INCOME TAXES Three Months Ended Nine Months Ended 2014 2013 2014 2013 Current income tax (recovery) expense $ (34) $ (39) $ 132 $ 76 Deferred income tax expense (recovery) 117 28 55 (549) Income tax expense (recovery) $ 83 $ (11) $ 187 $ (473) Income tax expense (recovery) differs from the amount that would result from applying the Canadian federal and provincial income tax rates to earnings (loss) from continuing operations before taxes. These differences result from the following items: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Earnings (loss) from continuing operations before taxes $ 39 $ (11) $ 439 $ (2,113) Canadian federal and provincial income tax rates 25% 25% 25% 25% Income tax expense (recovery) based on Canadian federal and provincial income tax rates 10 (2) 110 (528) Increase (decrease) attributable to: Impact of foreign exchange on deferred income tax assets and liabilities 85 9 167 66 Other impacts of foreign exchange (11) (7) (66) (12) Mexican mining royalty tax 3 14 Non-deductible expenditures 10 5 27 15 Effects of different foreign statutory tax rates on earnings of subsidiaries (17) (19) (36) (27) Non-taxable mark-to-market gains on the Convertible Notes (2) (13) Non-deductible (taxable) portion of net loss (earnings) from associates (3) 39 (33) 25 Impact of Mexican inflation on tax values (7) (5) (10) (12) Impact of impairment on mining interests (32) Non-deductible impairment charges to goodwill 71 Other 13 (29) 14 (26) $ 83 $ (11) $ 187 $ (473) In December 2013, the Mexican President passed a bill that increases the effective tax rate applicable to the Company s Mexican operations. The law is effective January 1, 2014 and increases the future corporate income tax rate to 30%, creates a 10% withholding tax on dividends paid to non-resident shareholders (subject to any reduction by an Income Tax Treaty) and creates a new Extraordinary Mining Duty equal to 0.5% of gross revenues from the sale of gold, silver, and platinum. In addition, the law requires taxpayers with mining concessions to pay a new 7.5% Special Mining Duty. The Extraordinary Mining Duty and Special Mining Duty will be tax deductible for income tax purposes. The Special Mining Duty will generally be applicable to earnings before income tax, depreciation, depletion, amortization, and interest. In calculating the Special Mining Duty there will be no deductions related to development type costs but exploration and prospecting costs are deductible when incurred. GOLDCORP 24

(In millions of United States dollars, except where noted) 13. FINANCIAL INSTRUMENTS (a) Financial assets and liabilities classified as at fair value through profit or loss ( FVTPL ) The Company s financial assets and liabilities classified as at FVTPL are as follows: At 2014 At December 31 2013 Current derivative assets (1) Foreign currency, heating oil, copper, lead, and zinc contracts $ 41 $ 41 Non-current derivative assets (1) Foreign currency contracts $ 3 $ 1 Current derivative liabilities Foreign currency, heating oil, copper, lead, and zinc contracts $ (46) $ (43) Non-financial contract to sell silver to Silver Wheaton (i) (13) Conversion feature of the Convertible Notes (1) $ (46) $ (57) Non-current derivative liabilities (2) Foreign currency contracts $ (4) $ (1) Included in other current and non-current assets on the Condensed Interim Consolidated Balance Sheets. (2) Included in other non-current liabilities on the Condensed Interim Consolidated Balance Sheets. In addition, accounts receivable arising from sales of metal concentrates have been designated and classified as at FVTPL by the Company as follows: At 2014 At December 31 2013 Arising from sales of metal concentrates classified as at FVTPL $ 248 $ 254 Not arising from sales of metal concentrates classified as loans and receivables 201 215 Accounts receivable $ 449 $ 469 The net (losses) gains on derivatives for the three and nine months ended were comprised of the following: Realized gains (losses) Three Months Ended Nine Months Ended 2014 2013 2014 2013 Foreign currency, heating oil, copper, lead, and zinc contracts $ 1 $ 5 $ (1) $ 21 Non-financial contract to sell silver to Silver Wheaton (i) (1) (1) (3) (8) Unrealized (losses) gains 4 (4) 13 Foreign currency, heating oil, copper, lead, and zinc contracts (15) 2 (5) (8) Non-financial contract to sell silver to Silver Wheaton (i) (3) 2 23 Conversion feature of the Convertible Notes 1 5 1 51 (14) 4 (2) 66 $ (14) $ 8 $ (6) $ 79 (i) Non-financial contract to sell silver to Silver Wheaton During the three months ended, 2014, the Company completed the delivery of the remaining ounces under its commitment to deliver 1.5 million ounces of silver to Silver Wheaton at a fixed price per ounce during each of the four contract years ending on August 5, 2014. At December 31, 2013, management estimated that the fair value of the Company s commitment to deliver GOLDCORP 25

(In millions of United States dollars, except where noted) the remaining 0.9 million ounces was $13 million. The fair value was estimated as the difference between the silver forward market price ranging from $19.38 to $19.44 per ounce for the remainder of the contract period, and the fixed price of $4.04 per ounce, receivable from Silver Wheaton, subject to an annual adjustment for inflation, multiplied by the remaining ounces to be delivered. (b) Financial assets designated as available-for-sale The Company s investments in marketable securities (included in other current assets) and investments in securities are designated as available-for-sale. The unrealized (losses) gains on available-for-sale investments recognized in other comprehensive (loss) income ( OCI ) for the three and nine months ended are as follows: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Mark-to-market (losses) gains on available-for-sale securities $ (11) $ 16 $ 14 $ (59) Deferred income tax recovery (expense) in OCI 1 (2) (2) 7 Unrealized (losses) gains on securities, net of tax (10) 14 12 (52) Reclassification adjustment for impairment losses included in net (loss) earnings, net of tax of $nil for the three and nine months ended, 2014, respectively (three and nine months ended September 30, 2013 $1 million and $2 million, respectively) 1 2 2 15 Reclassification adjustment for realized gains on disposition of available-for-sale securities recognized in net (loss) earnings, net of tax of $1 million for the three and nine months ended, 2014, respectively (three and nine months ended September 30, 2013 $nil and $1 million, respectively) (5) (10) (1) $ (14) $ 16 $ 4 $ (38) (c) Fair value information (i) Fair value measurements of financial assets and liabilities recognized on the Condensed Interim Consolidated Balance Sheets The categories of the fair value hierarchy that reflect the significance of inputs used in making fair value measurements are as follows: Level 1 quoted prices in active markets for identical assets or liabilities; Level 2 inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and Level 3 inputs for the asset or liability that are not based on observable market data. The levels in the fair value hierarchy into which the Company s financial assets and liabilities that are measured and recognized on the Condensed Interim Consolidated Balance Sheets at fair value on a recurring basis are categorized as follows: GOLDCORP 26

(In millions of United States dollars, except where noted) At, 2014 At December 31, 2013 Level 1 Level 2 Level 1 Level 2 Cash and cash equivalents (note 16) $ 376 $ $ 625 $ Marketable securities (1) 5 10 5 Accounts receivable arising from sales of metal concentrates (note 13(a)) 248 254 Investments in securities 65 77 Current derivative assets (note 13(a)) 41 41 Non-current derivative assets (note 13(a)) 3 1 Current derivative liabilities (note 13(a)) (46) (57) Non-current derivative liabilities (note 13(a)) (4) (1) Included in other current assets on the Condensed Interim Consolidated Balance Sheets. At, 2014 and December 31, 2013, there were no financial assets and liabilities measured and recognized at fair value on a non-recurring basis. The Company s policy for determining when a transfer occurs between levels in the fair value hierarchy is to assess the impact at the date of the event or the change in circumstances that could result in a transfer. There were no transfers between Level 1 and Level 2 during the three and nine months ended, 2014. At, 2014 and December 31, 2013, there were no financial assets or liabilities measured and recognized on the Condensed Interim Consolidated Balance Sheets at fair value that would be categorized as Level 3 in the fair value hierarchy. During the three months ended, 2014 and the year ended December 31, 2013, certain mining interests and goodwill related to certain CGUs were assessed as impaired and written down to their recoverable amounts, being their FVLCTS, including Marigold which was classified as an asset held for sale at December 31, 2013 and measured at the lower of its carrying amount and FVLCTS, being FVLCTS. Valuation techniques and inputs used in the calculation of these fair value based amounts are categorized as Level 3 in the fair value hierarchy (note 8). (ii) Valuation methodologies for Level 2 financial assets and liabilities Accounts receivable arising from sales of metal concentrates: The Company s metal concentrate sales contracts are subject to provisional pricing with the selling price adjusted at the end of the quotational period. At each reporting date, the Company s accounts receivable on these contracts are marked-to-market based on a quoted forward price for which there exists an active commodity market (note 13(a)). Current and non-current derivative assets and liabilities: At, 2014, the Company s current and non-current derivative assets and liabilities are comprised of commodity and currency forward and option contracts (note 13(a)). The fair values of the forward contracts are calculated using discounted contractual cash flows based on quoted forward curves and discount rates incorporating LIBOR and the applicable yield curve. The fair values of the option contracts are calculated using an option pricing model which utilizes a combination of quoted prices and market-derived inputs, including volatility estimates and option-adjusted credit spreads. (iii) Fair values of financial assets and liabilities not already measured and recognized at fair value on the Condensed Interim Consolidated Balance Sheets At, 2014, the carrying amounts of money market investments, accounts receivable not arising from sales of metal concentrates, accounts payable, accrued liabilities, and certain short-term financing arrangements included in other current liabilities are considered to be reasonable approximations of their fair values due to the short-term nature of these instruments. $1.0 billion Notes: The initial recognition amount of the $1.0 billion Notes has been accreted from June 9, 2014 to, 2014 based on annual effective interest rates of 3.75% and 5.49% for the 2021 Notes and the 2044 Notes, respectively (note 11(a)). At, 2014, the fair value of the $1.0 billion Notes calculated using the closing price of the notes (Level 1 input) was $1.029 billion compared to a carrying amount of $1.002 billion, which includes $988 million of accreted principal and $14 million of accrued interest payable included in accounts payable and accrued liabilities. GOLDCORP 27

(In millions of United States dollars, except where noted) $1.5 billion Notes: The initial recognition amount of the $1.5 billion Notes has been accreted from March 20, 2013 to, 2014 based on annual effective interest rates of 2.37% and 3.84% for the $500 million 5-year notes tranche and $1.0 billion 10-year notes tranche, respectively. At, 2014, the fair value of the $1.5 billion Notes calculated using the closing price of the notes (Level 1 input) was $1.484 billion compared to a carrying amount of $1.486 billion, which includes $1.484 billion of accreted principal and $2 million of accrued interest payable included in accounts payable and accrued liabilities. 3-year Argentine peso loans: At, 2014, management estimates the market interest rate on similar borrowings by the Company in Argentina to be approximately 29.40% per annum. Based on the estimated market interest rate on similar borrowings by the Company in Argentina (Level 2 input), the fair value of the 3-year Argentine pesos loans, included in other current and non-current liabilities at, 2014 was $19 million compared to a carrying amount of $21 million, which includes a nominal amount of accrued interest payable included in accounts payable and accrued liabilities. (d) Financial instruments and related risks The Company manages its exposure to financial risks, including credit risk, liquidity risk, currency risk, interest rate risk and price risk in accordance with its Risk Management Policy. The Company's exposure to financial risks and how the Company manages each of those risks are described in note 23(d) to the Company's consolidated financial statements for the year ended December 31, 2013. There were no significant changes to those risks or to the Company's management of exposure to those risks during the three and nine months ended, 2014, except as noted below: (i) Credit risk On May 16, 2014, Primero repaid the outstanding balance of $28 million on the $50 million 5-year promissory note receivable prior to its maturity date of August 5, 2015. (ii) Liquidity risk On January 9, 2014, the Company negotiated a commitment to a $1.25 billion non-revolving, unsecured term credit facility to fund the acquisition of Osisko Mining Corporation which was canceled on April 23, 2014. There were no amounts drawn under the facility during the period from January 9, 2014 to April 23, 2014. During the three and nine months ended, 2014, repayments of $49 million and $102 million were made, respectively, (Goldcorp's share $20 million and $41 million, respectively) on the $1.035 billion project financing for Pueblo Viejo (Goldcorp's share $414 million). At, 2014, the outstanding balance of the credit facility was $888 million (Goldcorp's share $355 million). On April 26, 2014, the coupon rates of the $400 million tranche and the $260 million tranche of the $1.035 billion project financing were both increased from LIBOR plus 3.25% to LIBOR plus 4.1% in accordance with the terms of the financing agreement between Barrick, the project operator, Goldcorp, and the lending syndicate. On June 9, 2014, the Company issued two tranches of notes totaling $1.0 billion, consisting of $550 million in 7-year notes with a coupon rate of 3.625% and $450 million in 30-year notes with a coupon rate of 5.45%, which mature on June 9, 2021 and June 9, 2044, respectively (note 11(a)). The Company received total proceeds of $988 million from the issuance, net of transaction costs. The $1.0 billion Notes are unsecured and interest is payable semi-annually in arrears on June 9 and December 9 of each year, beginning on December 9, 2014. The 2021 Notes and 2044 Notes are callable at anytime by the Company prior to maturity, subject to makewhole provisions. On June 13, 2014, the Company extended its 469 million Argentine peso ($100 million) credit facility with a third party in Argentina for a further 182 days to December 12, 2014. At, 2014, the Company had drawn 220 million Argentine pesos ($26 million) under the credit facility (December 31, 2013 220 million Argentine peso ($34 million)) which is included in other current liabilities on the Condensed Interim Consolidated Balance Sheets. During the three and nine months ended, 2014, the Company's Cerro Negro project repaid $50 million and $81 million, respectively, of the amount outstanding under the $131 million credit facility with Alumbrera. At, 2014, the outstanding balance under the facility was $50 million (December 31, 2013 $131 million) which is included in other current liabilities on the Condensed Interim Consolidated Balance Sheets. During the three and nine months ended, 2014, Alumbrera entered into various Argentine peso and US dollar credit facilities with third parties in Argentina totaling 126 million Argentine pesos ($15 million) and $57 million, respectively (Goldcorp s share GOLDCORP 28

(In millions of United States dollars, except where noted) 47 million Argentine pesos and $21 million, respectively). The facilities, which mature between September 2014 and February 2015, bear interest ranging from 1.4% to 29.5%. On July 18, 2014, the Company extended the maturity date of its $2.0 billion revolving credit facility from March 6, 2018 to July 18, 2019. During the three and nine months ended, 2014, the Company drew down a total of $1 billion and $2.325 billion, respectively, on the credit facility, of which $450 million and $1.775 billion were repaid during the three and nine months ended, 2014. At, 2014, the outstanding balance under the credit facility was $550 million. Upon maturity of the Company's Convertible Notes on August 1, 2014, the Company repaid the outstanding principal of $863 million and accrued interest of $9 million. On October 16, 2014, the Company, through its wholly-owned subsidiary, Oroplata S.A., entered into a 24-month and 27-month loan facility of 425 million Argentine pesos ($50 million) and 1.6 billion Argentine pesos ($189 million), respectively, with third parties in Argentina. The facilities bear interest at Badlar, the average interest rate paid on short-term deposits over 1 million Argentine pesos, plus 3.5%. At, 2014, the Company had letters of credit outstanding and secured deposits in the amount of $430 million (December 31, 2013 $430 million). (iii) Currency risk During the three and nine months ended, 2014, the Company recognized a net foreign exchange gain of $3 million and loss of $22 million, respectively (three and nine months ended, 2013 net loss of $14 million and $37 million, respectively). Based on the Company s net exposures (other than those relating to taxes) at, 2014, a 10% depreciation or appreciation of applicable foreign currencies against the US dollar would have resulted in an approximate $28 million increase or decrease in the Company s after-tax net (loss) earnings, respectively. During the three and nine months ended, 2014, the Company recognized a net foreign exchange loss of $87 million and $170 million, respectively, in income tax expense on income taxes receivable (payable) and deferred taxes (three and nine months ended, 2013 net loss of $11 million and $69 million, respectively). Based on the Company s net exposures relating to taxes at, 2014, a 10% depreciation or appreciation of applicable foreign currencies against the US dollar would have resulted in an approximate $235 million decrease or increase in the Company s after-tax net (loss) earnings, respectively. 14. SHARE-BASED COMPENSATION AND OTHER RELATED INFORMATION (a) Stock options and restricted share units ("RSUs") For the three and nine months ended, 2014, total share-based compensation relating to stock options and RSUs was $16 million and $51 million, respectively (three and nine months ended, 2013 $19 million and $54 million, respectively), of which $15 million and $47 million, respectively (three and nine months ended, 2013 $19 million and $54 million, respectively), was included in corporate administration in the Condensed Interim Consolidated Statements of (Loss) Earnings and $1 million and $4 million, respectively (three and nine months ended, 2013 $nil and $nil, respectively), was capitalized to development projects with a corresponding credit to shareholders equity. GOLDCORP 29

(In millions of United States dollars, except where noted) Stock options The following table summarizes the changes in stock options during the nine months ended : Options Outstanding (000 s) Weighted Average Exercise Price (C$/option) At January 1, 2014 17,137 $ 40.49 Granted 3,577 30.39 Exercised (217) 20.32 Forfeited/expired (3,477) 38.28 At, 2014 outstanding 17,020 $ 39.07 At, 2014 exercisable 11,366 $ 42.44 At January 1, 2013 16,345 $ 42.01 Granted 3,308 32.60 Exercised (143) 17.97 Forfeited/expired (1,963) 40.61 At, 2013 outstanding 17,547 $ 40.59 At, 2013 exercisable 11,827 $ 41.15 The Company granted a nominal number of stock options and 3.6 million stock options during the three and nine months ended, 2014, respectively (three and nine months ended, 2013 26,858 and 3.3 million, respectively). The fair value of the options granted during the three months ended, 2014, which vest over 3 years and are exercisable at C$31.03 (three months ended, 2013 C$28.40) per option, was $6.95 (three months ended, 2013 $4.87) per option. The fair value of stock options granted during the three months ended June 30, 2014, which vest over 3 years and are exercisable at C$27.20 (three months ended June 30, 2013 C$27.53 to C$29.63) per option, was $5.60 (three months ended June 30, 2013 $5.76) per option. The fair value of stock options granted during the three months ended March 31, 2014, which vest over 3 years and are exercisable at C$30.41 (three months ended March 31, 2013 C$33.48) per option, was $6.17 (three months ended March 31, 2013 $7.50) per option. The fair value of stock options granted during the three months ended is calculated as of the date of grant using the Black-Scholes option pricing model and the following weighted average assumptions and inputs: 2014 2013 Expected life 3.1 years 3.1 years Expected volatility 37.1% 36.8% Expected dividend yield 2.1% 2.4% Estimated forfeiture rate 9.3% 9.3% Risk-free interest rate 1.2% 1.3% Weighted average share price $ 29.22 $ 25.13 Restricted share units ( RSUs ) The Company issued 40,280 RSUs during the three months ended, 2014, (three months ended, 2013 8,025 RSUs) with a fair value of $29.22 per RSU (three months ended, 2013 $25.13), which vest over 3 years. The Company issued 60,585 RSUs during the three months ended June 30, 2014 (three months ended June 30, 2013 121,187 RSUs), with a fair value of $24.93 per RSU (three months ended June 30, 2013 weighted average of $28.59), of which 53,379 (three months ended June 30, 2013 31,500) vested immediately, with the remainder vesting over 3 years. The Company issued 2.0 million RSUs during the three months ended March 31, 2014 (three months ended March 31, 2013 1.6 million RSUs), with a fair value of $27.12 per RSU (three months ended March 21, 2013 $33.07), which vest over 3 years. At, 2014, there were 3.1 million RSUs outstanding (December 31, 2013 2.4 million). GOLDCORP 30

(In millions of United States dollars, except where noted) (b) Other share-based compensation plans The Company has other share-based compensation plans in place which include a Performance Share Unit ("PSU") Plan, Phantom Restricted Unit ("PRU") Plan and Employee Share Purchase Plan. Total share-based compensation expense relating to the PSU and PRU Plans for the three and nine months ended, 2014 was $4 million and $14 million, respectively (three and nine months ended, 2013 $5 million and $10 million, respectively), of which $4 million and $12 million, respectively (three and nine months ended, 2013 $5 million and $10 million, respectively), was included in corporate administration in the Condensed Interim Consolidated Statements of (Loss) Earnings and $nil and $2 million, respectively (three and nine months ended, 2013 $nil and $nil, respectively), was capitalized to development projects. During the three and nine months ended, 2014, the Company also recorded compensation expense of $1 million and $3 million, respectively (three and nine months ended, 2013 $2 million and $4 million, respectively), relating to its Employee Share Purchase Plan which was included in corporate administration in the Condensed Interim Consolidated Statements of (Loss) Earnings. 15. PER SHARE INFORMATION (a) Net (loss) earnings per share Net (loss) earnings per share from continuing operations for the three and nine months ended was calculated based on the following: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Basic net (loss) earnings from continuing operations $ (44) $ $ 250 $ (1,640) Effect of dilutive securities: Conversion feature of the Convertible Notes change in fair value recognized in net (loss) earnings (note 13(a)) (1) (5) (1) (51) Diluted net (loss) earnings from continuing operations $ (45) $ (5) $ 249 $ (1,691) Net (loss) earnings per share for the three and nine months ended was calculated based on the following: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Basic net (loss) earnings $ (44) $ 5 $ 235 $ (1,620) Effect of dilutive securities: Conversion feature of the Convertible Notes change in fair value recognized in net (loss) earnings (note 13(a)) (1) (5) (1) (51) Diluted net (loss) earnings $ (45) $ $ 234 $ (1,671) Net (loss) earnings per share from continuing operations and net (loss) earnings per share for the three and nine months ended were calculated based on the following: GOLDCORP 31

(In millions of United States dollars, except where noted) Three Months Ended Nine Months Ended (in thousands) 2014 2013 2014 2013 Basic weighted average number of shares outstanding 813,572 812,160 813,091 811,967 Effect of dilutive securities: Stock options 173 RSUs 3,094 Convertible Notes 6,298 18,358 14,395 18,235 Diluted weighted average number of shares outstanding 819,870 830,518 830,753 830,202 As a result of the net losses incurred during the three months ended, 2014 and the three and nine months ended, 2013, the effect of the following securities was anti-dilutive, and therefore excluded from the computation of diluted net (loss) earnings per share from continuing operations and diluted net (loss) earnings per share. Had the securities been dilutive, the diluted weighted average number of shares outstanding included in the computation of diluted net (loss) earnings from continuing operations and diluted net (loss) earnings would have comprised of the following:, 2014 Effect on diluted weighted average number of shares outstanding (in thousands): Three Months Ended Stock options 212 RSUs 3,094 Convertible Notes Total 3,306, 2013 Effect on diluted weighted average number of shares outstanding (in thousands): Three Months Ended Nine Months Ended Stock options 261 334 RSUs 2,445 2,445 Convertible Notes Total 2,706 2,779 The weighted average number of stock options outstanding during the three and nine months ended, 2014 was 17.0 million and 16.3 million, respectively (three and nine months ended, 2013 17.5 million and 16.7 million, respectively), of which 0.2 million were dilutive and included in the above table for the nine months ended, 2014. If the Company did not incur net losses for the three months ended, 2014, 0.2 million of the weighted average number of stock options outstanding during the three months ended, 2014 (three and nine months ended, 2013 0.3 million and 0.3 million, respectively), would have been dilutive and included in the above table. Anti-dilutive stock options are excluded from the calculation of diluted earnings per share because their underlying exercise prices exceeded the average market price of the underlying common shares of C$29.22 and C$28.11, respectively (three and nine months ended, 2013 C$28.67 and C$30.78, respectively). (b) Dividends declared During the three and nine months ended, 2014, the Company declared and paid to its shareholders dividends of $0.15 and $0.45 per share, respectively, for total dividends of $122 million and $366 million, respectively (three and nine months ended, 2013 $0.15 and $0.45 per share, respectively, for total dividends of $122 million and $365 million, respectively). For the period October 1, 2014 to October 30, 2014, the Company declared dividends payable of $0.05 per share for total dividends of $41 million. GOLDCORP 32

(In millions of United States dollars, except where noted) 16. SUPPLEMENTAL CASH FLOW INFORMATION Change in operating working capital Three Months Ended Nine Months Ended 2014 2013 2014 2013 Accounts receivable $ (10) $ 4 $ (59) $ 72 Inventories and stockpiled ore (90) (29) (162) (150) Accounts payable and accrued liabilities 2 (13) (2) (55) Income taxes (121) (84) 33 (247) Other 30 (12) (22) (62) $ (189) $ (134) $ (212) $ (442) Operating activities include the following cash received (paid): Three Months Ended Nine Months Ended 2014 2013 2014 2013 Interest received $ $ 1 $ 3 $ 4 Interest paid (1) (19) (16) (24) Income taxes received 6 97 6 Income taxes paid (86) (61) (197) (335) Investing activities of discontinued operation include the following cash (paid) received: Three Months Ended Nine Months Ended 2014 2013 2014 2013 Proceeds on disposition of Marigold, net (note 4) $ $ $ 182 $ Principal repayment on promissory note receivable from Primero (note 13(d)(i)) 28 8 Expenditures on mining interests (14) (2) (56) $ $ (14) $ 208 $ (48) Cash and cash equivalents are comprised of: At 2014 At December 31 2013 Cash $ 259 $ 505 Short-term money market investments 117 120 $ 376 $ 625 GOLDCORP 33

(In millions of United States dollars, except where noted) 17. CONTINGENCIES Due to the size, complexity and nature of the Company s operations, various legal, tax, environmental and regulatory matters are outstanding from time to time. In the event that management s estimate of the future resolution of these matters changes, the Company will recognize the effects of the changes in its consolidated financial statements on the date such changes occur. In October 2014, Pueblo Viejo received a copy of an action filed in an administrative court in the Dominican Republic by Rafael Guillen Beltre (the Petitioner ), who claims to be affiliated with the Dominican Christian Peace Organization. The Government of the Dominican Republic has also been notified of the action. The action alleges that environmental contamination in the vicinity of the Pueblo Viejo mine has caused illness and affected water quality in violation of the Petitioner s fundamental rights under the Dominican Constitution and other laws. The primary relief sought in the action, which is styled as an Amparo remedy, is the suspension of operations at the Pueblo Viejo mine as well as other mining projects in the area until an investigation into the alleged environmental contamination has been completed by the relevant governmental authorities. A hearing has been scheduled for November 21, 2014. Pueblo Viejo intends to vigorously defend this matter. No amounts have been recorded for any potential liability or asset impairment arising from this matter, as Pueblo Viejo cannot reasonably predict any potential losses. 18. SUBSEQUENT EVENT In October 2013, the environmental authority of the Atacama Region approved the Environmental Impact Study ( EIS ) submitted by the Company's El Morro development project. The decision resulted in a new Environmental Assessment Resolution issued in October 2013 ( RCA 232 ). RCA 232 was challenged before the Court of Appeals of Copiapo by Comunidad Agrícola Los Huasco Altinos ( CAHA ), other Diaguita indigenous communities, and several farmers from the Huasco valley. On April 28, 2014, the Court of Appeals issued a ruling rejecting all actions. The ruling was appealed by CAHA and the other Diaguita communities to the Supreme Court. On October 7, 2014, the Supreme Court issued a final ruling revoking the decision of the Court of Appeals thereby invaliding RCA 232. As a result, all project activities remain suspended while the Company evaluates the path forward to either continue to pursue the reinstatement of RCA 232 or resubmit a new EIS. The final ruling by the Supreme Court on October 7, 2014 did not have an impact on the Company's unaudited condensed interim consolidated financial statements. GOLDCORP 34

CORPORATE OFFICE STOCK EXCHANGE LISTING Park Place Toronto Stock Exchange: G Suite 3400 666 Burrard Street New York Stock Exchange: GG Vancouver, BC V6C 2X8 Canada Tel: (604) 696-3000 TRANSFER AGENT Fax: (604) 696-3001 CST Trust Company www.goldcorp.com 1066 West Hastings Street Vancouver, BC V6E 3X1 Canada TORONTO OFFICE Toll free in Canada and the US: (800) 387-0825 Suite 3201 130 Adelaide Street West Outside of Canada and the US: Toronto, ON M5H 3P5 Canada (416) 682-3860 Tel: (416) 865-0326 Fax: (416) 359-9787 inquiries@canstockta.com www.canstockta.com RENO OFFICE AUDITORS Suite 310 5190 Neil Road Reno, NV 89502 United States Deloitte LLP Tel: (775) 827-4600 Vancouver, BC Fax: (775) 827-5044 INVESTOR RELATIONS MEXICO OFFICE Jeff Wilhoit Paseo de las Palmas 425-15 Vice President, Investor Relations Lomas de Chapultepec Toll free: (800) 567-6223 11000 Mexico, D.F. Email: info@goldcorp.com Tel: 52 (55) 5201-9600 REGULATORY FILINGS GUATEMALA OFFICE The Company s filings with the Ontario Securities Commission 5ta avenida 5-55 zona 14 Europlaza can be accessed on SEDAR at www.sedar.com. Torre 1 Nivel 6 oficina 601 Guatemala City The Company s filings with the US Securities and Guatemala, 01014 Exchange Commission can be accessed on EDGAR Tel: 502 2329 2600 at www.sec.gov. ARGENTINA OFFICE Maipu 255, Piso 12 C1084ABE Capital Federal Buenos Aires, Argentina Tel: 54 114 323 7000 CHILE OFFICE Avda. Apoquindo 4501, oficina 703 Las Condes Santiago 7580125, Chile Tel: 562 898 9300 GOLDCORP 35