Lowering Goldcorp’s FVE Amid Production and Cost Challenges in 1Q
Goldcorp production fell 16% from the prior year to 655,000 gold ounces due to planned mine changes and unplanned maintenance at its flagship mine Red Lake. Companywide co-product cash costs rose nearly $100, to $701 per ounce. However, higher by-product metals prices offset the rise, as by-product cash costs fell to $540 per ounce from $557 a year ago.2017 will be a transitional year for Goldcorp, as newer mines continue to ramp up and development projects progress. Despite the unexpected shor...
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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