Tuesday, March 8, 2011

Goldcorp profit jumps on higher prices, production

http://www.reuters.com/article/2011/02/24/goldcorp-idUSN2429040320110224
Goldcorp (G.TO) reported better than expected quarterly earnings on Thursday, as profits surged due to higher gold and silver prices and increased bullion production, sending its shares up more than 2 percent in after-hours trade.

Vancouver-based Goldcorp, the world's second largest gold miner by market capitalization, also raised its full year dividend payout by 11 percent to 40 cents a share and outlined plans to develop two major gold projects in Canada.
See disclaimers in the side bar.

Disclosure:  no position in Goldcorp.

No comments:

Post a Comment