Cutting Goldcorp’s Fair Value Estimate as Costs Rising Faster Than Expected
Excluding associated investments, year-to-date all-in sustaining costs rose nearly $100 per ounce from the prior year to $980. This is largely due to Penasquito’s planned lower grades and the exhaustion of stock piles at newest mines Cerro Negro and Eleonore. While Cerro Negro and Eleonore continue to proceed with ramp-ups and costs are falling, Goldcorp doesn’t expect them to hit full designed capacity until 2018. In other words, it will be at least a couple years until we see if these mines ca...Goldcorp 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. Co.'s metal properties consist of gold, silver, copper, lead and zinc.
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