Goldcorp Inc. (GG,G.TO) 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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.