I agree with your utter bige statement. Goldcorp is down $2.51 today.
Goldcorp Revenues Increase 62%
Canada Newswire
Toronto Stock Exchange: G New York Stock Exchange: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, July 27, 2011 /CNW/ - Goldcorp Inc. (TSX: G) (NYSE: GG) today reported operating cash flows before working capital changes1 of $717 million for the second quarter of 2011 based on gold production of 597,100 ounces at a total cash cost2 of $185 per ounce. Adjusted net earnings from continuing operations3 in the quarter increased to $420 million, or $0.52 per share, compared to $199 million, or $0.27 per share, in the second quarter of 2010. Reported net earnings from continuing operations were $489 million compared to $524 million in the second quarter of 2010.
Second Quarter 2011 Highlights
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Revenues increased 62% over the 2010 second quarter, to $1.3 billion, on gold sales of 606,400 ounces.
- Operating cash flow before working capital changes increased 84% over the 2010 second quarter, to $717 million or $0.90 per share.
- Adjusted net earnings increased 111% over the 2010 second quarter, to $420 million or 0.52 per share.
- Average realized gold price increased 25% over the 2010 second quarter, to $1,516 per ounce.
- Cash costs totaled $185 per ounce on a by-product basis and $553 per ounce on a co-product basis.
- Dividends paid amounted to $82 million.
- Quarter end cash balance of $1.4 billion; net cash position of $516 million.
