NEW YORK (Thomson Financial) - Goldcorp Inc. Monday reported adjusted
first-quarter earnings of $164.7 million, or 23 cents a share, above the mean
estimate of analysts polled by Thomson Reuters of 21 cents a share.
Revenue for the mining company rose 32% to $626.7 million. Three analysts
polled by Thomson Reuters were, on average, looking for revenue of $673.2
million.
Goldcorp sold 517,800 ounces of gold in the quarter at a total cash cost of
$240 an ounce.
In the year-ago period, the company posted adjusted earnings of $82.8
million, or 12 cents a share, on sales of $474.2 million. The company sold
527,000 ounces of gold in the first quarter of 2007, at a total cash cost of
$181 per ounce.
Shares of Goldcorp closed Friday at $35.89. The stock is up about 44% over
the past 52 weeks.
Ryan Vlastelica
rv/vj
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