Execution will be key for Goldcorp to achieve its guidance for production growth and cost reduction.
During the third quarter, Goldcorp produced 633,000 ounces of gold at all-in sustaining costs, or AISC, of $827 per ounce, compared with 715,000 ounces of gold at AISC of $812 per ounce in the prior-year quarter. Gold production declined at most mines, though the largest reduction came at Red Lake due to lower metric tons of ore processed and lower grade as the mine shifts from the depleted high-grade zone. Goldcorp is focused on rationalizing cost and infrastructure as a result. Weaker performa...
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