This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Goldcorp earns $114.2-million (U.S.) in third quarter 2009-11-05 06:00 ET - News Release Mr. Jeff Wilhoit reports GOLDCORP CASH FLOW INCREASES 35% IN THE THIRD QUARTER; STRONG PRODUCTION INCREASE OF 11% AND CASH COST PERFORMANCE LEAD TO INCREASED 2009 GUIDANCE
Goldcorp Inc. today released gold production of 621,100 ounces for the third quarter at a total cash cost of $295 per ounce. Adjusted net earnings in the third quarter were $140.6-million, or 19 cents per share, while reported net earnings totalled $114.2-million.
Third quarter highlights: - Gold production increased by 11 per cent over the 2008 third quarter, to 621,100 ounces;
- Total cash costs for the quarter were $295 per ounce on a byproduct basis, and $297 per ounce year to date;
- Total cash costs on a co-product basis were $384 per ounce compared with $380 per ounce year to date;
- Operating cash flows before changes in working capital(3) totalled $321.1-million or 44 cents per share, a 35-per-cent increase over the third quarter of 2008;
- Dividends paid amounted to $32.9-million;
- Penasquito concentrate production ramp-up on schedule; concentrate shipments commence;
- Full-year gold production guidance revised upward; cash cost guidance also improves.
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