Goldcorp Set for Production Growth and Cost Improvement, Albeit a Few Years Down the Road
Although production fell as expected for Goldcorp in 2016, the remaining gold ounces were mined more profitably. Full-year gold production declined to 2.9 million ounces compared with 3.5 million ounces in 2015. However, all-in sustaining costs (AISC) fell from $894 per ounce to $856 per ounce. Both figures reflected transitions at some of Goldcorp’s older mines, while newest mines Cerro Negro and Eleonore continue to ramp up.For 2017, the company expects gold production to decline further to 2...
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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