TORONTO, Sept 15 (Reuters) - Goldcorp has suspended mining at its Pamour
open pit in Ontario due to falling gold prices, a company spokesman said on
Monday. 
       Production statistics were not immediately available for Pamour, but
spokesman Jeff Wilhoit said the mine was "not material" to Goldcorp's overall
results. 
       Pamour is one of three mines that make up the company's Porcupine
operation at Timmins, Ontario. Porcupine produced about 300,000 ounces in 2007. 
       "It's not much in the grand scheme of things, but it's kind of consistent
with a flexible approach that we use in being able to skinny up operations to
reflect prevailing market conditions," Wilhoit said. 
       Gold has tumbled 20 percent in the past month. The spot price was around
$778 an ounce on Monday. 
       Pamour has also struggled with soaring costs over the past few years and
ore grades that have fallen short of projections. 
       Wilhoit said Goldcorp would revisit the possibility of reopening the mine
at a future date, adding he did not anticipate other closures. 
       "I wouldn't expect any further kind of slowdown anywhere else, but that's
at today's prices," he said. 
       Goldcorp shares were down 62 Canadian cents, or 2 percent, at C$30.74 on
the Toronto Stock Exchange. 
        ($1=$1.07 Canadian) 
    (Reporting by Cameron French; editing by Rob Wilson) Keywords: GOLDCORP/      
Please write your own byline and save in your preferences
vj

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.