Goldcorp Reports Steady 1Q as It Keeps Its Eye on Long-Term 20/20/20 Growth Plan
In the first quarter, Goldcorp produced 590,000 gold ounces, down 10% from the prior-year quarter. Yet despite the production decline, costs remained in check, with all-in sustaining costs, or AISC, roughly flat at $810 per ounce compared with $800 per ounce a year ago. Combined with an 8% higher gold price, adjusted EBITDA was up roughly 1.5% over the prior-year quarter.With a decent start to 2018, Goldcorp maintained its full-year guidance for 2.5 million gold ounces at AISC of $800 per ounce...
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