CAPITAL MARKETS

Sluggish quarter for Goldcorp

GOLDCORP’s first quarter net profit was almost $US10 million ($A13 million) lower from the previous quarter on the back of reduced gold sales, despite the lofty gold price, with cash costs moving in the wrong direction.

Ben Sharples

Sluggish quarter for Goldcorp

The company’s net profit for the March quarter was $92.4 million, compared with $102 million in the December quarter. Gold output was marginally down at 295,100 ounces at cash costs of minus $88 per ounce,...

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