Thursday, July 27, 2017

Goldcorp Inc. - G.t

Goldcorp Inc. - G.t is the world's lowest-cost, million-ounce gold producer. Operating assets include five mines in Canada and the U.S., three mines in Mexico, and two in Central and South America

Red Lake is Goldcorp’s top producer, yielding high grade gold at very low cash costs. The company produced 3.46 million ounces at AISC of $852 per ounce in 2015.

On July 26, 2017 the company released News

"GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") today reported its second quarter 2017 results. Second Quarter Highlights
  • Net earnings for the second quarter of 2017 were $135 million, or $0.16 per share, compared to a net loss of $78 million, or $0.09 per share, for the second quarter of 2016. Operating cash flows for the second quarter of 2017 were $158 million. Adjusted operating cash flows were $320 million(1) for the second quarter of 2017 compared to $204 million for the same period in the prior year.
  • Gold production of 635,000 ounces at all-in sustaining costs ("AISC") of $800 per ounce, compared to 613,000 ounces at AISC of $1,067 for the second quarter of 2016(1). 2017 guidance reconfirmed for gold production of 2.5 million ounces (+/- 5%). 2017 AISC guidance has been improved to $825(2) per ounce (+/- 5%) from $850 per ounce, reflecting the progress the Company has made on its initiative to realize $250 million in sustainable annual efficiencies by the middle of 2018.