Goldcorp earnings beat analyst estimates; CFO to leave [Toronto Globe and Mail (Ontario, Canada)]
GOLDCORP (GG)
Last goldcorp earnings: 2/13 05:51 pm
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Source: Toronto Globe and Mail
Canadian gold producer Goldcorp Inc. reported better-than-expected earnings on Wednesday and lowered its forecast for costs this year, while also announcing that its chief financial officer, Russell Ball, would leave the company. Vancouver-based Goldcorp said Jason Attew, who is Goldcorp’s senior vice president of corporate development and strategy, would replace Ball, who was leaving as “part of a planned succession.” Goldcorp, which is the world’s fourth-biggest gold producer by market value, reported net earnings of $135-million, or 16 cents per share, in the second quarter ended June 30. That compared with a loss of $78-million, or 9 cents per share, a year earlier when production slumped due to a maintenance shutdown and slow restart at its biggest mine, Penasquito, in Mexico. Adjusted for one-off items, earnings were 12 cents a share, ahead of analyst estimates of 8 cents a share, on average, according to Thomson Reuters I/B/E/S. Goldcorp left unchanged its 2017 gold
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