Years of Operational Struggles Led to Goldcorp's Acquisition by Newmont at a Low Price
In the third quarter, Goldcorp produced 503,000 gold ounces, down 21% from the prior-year quarter. Even more disappointing, this was another step back from the previous sequential quarter, in which the company produced 571,000 ounces. Costs took an unfavorable turn as well, with all-in sustaining costs, or AISC, reaching $999 per ounce compared to $827 per ounce a year ago. Combined with a 6% lower gold price, lower production and higher costs led to a 40% decline in adjusted EBITDA.After its t...
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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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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