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Canadian News
Goldcorp Q3 Profit Declines - Quick Facts
11/4/2009 6:50 PM ET
(RTTNews) -
Goldcorp Inc. (GG: News ,G.TO: News ) reported third-quarter net earnings of US$114.2 million or US$0.16 per share, compared to net earnings of US$297.2 million or US$0.42 per share in the third quarter of 2008.
Adjusted net earnings for the quarter totaled US$140.6 million, or US$0.19 per share, compared to US$64.7 million or US$0.09 per share, in the third quarter of 2008. Analysts polled by Thomson Reuters expected the company to report earnings of US$0.16 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter were US$691.9 million, compared to US$552.2 million in the prior year quarter. Three analysts had consensus revenue estimate of US$614.34 million for the quarter.
The Company today revised operating guidance for the 2009 year. Gold production guidance has been increased from 2.3 million ounces to about 2.4 million ounces. Total cash costs for 2009 are now expected to be approximately US$300 per ounce of gold on a by-product basis compared to previous guidance of US$365 per ounce. On a co-product basis, total cash costs are now expected to be less than US$400 per ounce compared to previous guidance of US$400 per ounce.
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by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
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