Goldcorp’s Q4 earnings surprise as decentralised business reap rewards

February 15, 2017

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Major miner Goldcorp has reported a better-than-expected fourth-quarter profit, as substantially lower costs at its gold mines in the Americas and a higher gold price offset lower output, the company said Wednesday.
The Vancouver-based company reported net earnings of $101-million, or $0.12 a share, in the quarter ended December, compared with a net loss of $4.3-billion, or $5.14 a share, in the comparable period a year earlier, when it booked a massive $3.9-billion impairment charge.

Category: General