11:45:42 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Goldcorp Inc (2)
Symbol G
Shares Issued 829,401,804
Close 2015-04-20 C$ 23.94
Market Cap C$ 19,855,879,188
Recent Sedar Documents

FP says the year is starting slow for Goldcorp, rivals

2015-04-21 08:56 ET - In the News

Also In the News (C-ABX) Barrick Gold Corp
Also In the News (C-AEM) Agnico Eagle Mines Ltd

The Financial Post reports in its Tuesday, April 21, edition that the first quarter earnings season is traditionally the gold sector's weakest quarter of the year, and 2015 should be no different. The Post's Peter Koven writes in the Trading Desk column that TD Securities analyst Greg Barnes expects the seniors to report an overall 10-per-cent drop in gold production compared with the fourth quarter. That will lead to a small increase in cash costs, which will offset the benefit from a slightly higher gold price. Margins are expected to be flat. Goldcorp has already posted a 19-per-cent drop in production, possibly the biggest decline in the sector. Agnico Eagle Mines is expected to have flat production, which is the strongest forecast among the seniors. Gold miners believe the rest of the year will be much stronger than Q1, with cumulative production from the seniors rising 1.7 per cent in 2015. In the case of Barrick Gold, Mr. Barnes cut his earnings per share forecast from 25 U.S. cents to eight U.S. cents. That reflects weaker-than-expected gold prices as well as lower production (and higher operating costs) at three of the miner's key operations: Pueblo Viejo, Cortez and Goldstrike.

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