OREANDA-NEWS. GOLDCORP INC. (TSX: G, NYSE: GG) today announced that it has withdrawn its Environmental Impact Study ("EIS") for the El Morro copper-gold project in Chile. In October, 2013, the Atacama Region environmental authority issued a new Environmental Assessment Resolution ("RCA 232") approving the EIS. On October 7, 2014, the Chilean Supreme Court issued a final ruling that served to invalidate RCA 232. In withdrawing its EIS, Goldcorp respects the final decision of the Chilean Supreme Court and reiterates its commitment to open and transparent dialogue with all stakeholders and to upholding the highest standards of health, safety, and environmental stewardship everywhere Goldcorp operates. The El Morro project team has commenced new studies to determine the optimal new development plan for the El Morro project that meets Goldcorp's investment return criteria.

"El Morro is one of the highest-grade undeveloped copper-gold porphyry systems in the world, and the project continues to demonstrate the potential to deliver strong value," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. "While we were disappointed with the final Chilean court ruling, it has afforded us a unique opportunity to challenge our previous assumptions within the context of evolving industry dynamics. The goal of this effort is to deliver an even stronger project that provides significant mutual benefits to the surrounding community, our employees and our shareholders."

At December 31, 2013, the El Morro project on a 70% basis contains proven and probable gold reserves of 6.73 million ounces (449.51Mt @ 0.47g/t Au) and proven and probable copper reserves of 4.89 billion pounds (449.51MT @ 0.49% Cu). The project comprises a large, 36 square-kilometer land package with significant exploration potential.