Goldcorp

Red Lake troubles cost Goldcorp production but revenues still up 11%

Lower ore grades at its flagship Red Lake Mine in Ontario did not prevent Goldcorp (TSX:G) from achieving a $479 million profit in the first quarter.

Quaterra closes C$2.48 million financing with Goldcorp

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE Amex:QMM) today announced that the NYSE Amex and TSX Venture exchanges have approved the purchase of 4,000,000 common shares of the Company at a price of C$0.62 per share by Goldcorp Inc., raising a total of C$2.48 million.

McEwen blasts gold miners on dividends, investment appeal

Rob McEwen has blasted senior gold miners, saying they should be paying out more in yields and dividends to attract shareholders and broaden the appeal of gold investment.

Goldcorp squashes mega-merger rumours

GoldCorp CEO, Chuck Jeannes says the group is far more interested in early stage gold projects than just "trading dollars for future production".

Barrick, Goldcorp holding breath as Canadian court poised to decide El Morro ownership

The two largest gold companies are bracing for a Canadian court's decision on who owns the massive El Morro copper-gold deposit in Chile.

Gold shares slide as futures flirt with $1,700/oz

Shares of some top gold companies are down at 1 p.m.: Barrick Gold CorpBarrick Gold Corp. fell $.99 or 2.1 percent, to $46.44. Gold Fields fell $.40 or 2.6 percent, to $14.95. GoldCorp. fell $1.30 or 2.6 percent, to $47.83. Newmont Mining CorpNewmont…

Goldgroup responds to Mexican newspaper articles

VANCOUVER, Feb. 28, 2012 /CNW/ – Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSX: GGA) is responding to recent unconfirmed Mexican newspaper articles quoting certain statements by the Governor of the

Goldcorp achieves record revenues and cash flow; gold reserves increase for eighth consecutive year

Goldcorp reported fourth quarter gold production of 687,900 ounces at a total cash cost of $261 per ounce, leading to record revenues of $1.5 billion and operating cash flows before working capital changes of $831 million. 

Goldcorp chairman denies implication in insider trading scheme

Ian Telfer, one of Canada’s most well-known mining executives and chairman of Goldcorp Inc. (TSE:G), denied yesterday’s Ontario Securities Commission (OSC) allegations that connect him with an alleged illegal insider-trading scheme that yielded profits of $962,000 for eight people involved in buying shares.

Goldcorp secures construction permit for Cerro Negro project

Goldcorp Inc on Friday (TSX: G, NYSE: GG) announced the approval of the amended Environmental Impact Assessment (EIA) by provincial authorities in the province of Santa Cruz for the development and construction of the Cerro Negro gold project, a high-grade deposit located on the low-elevation Patagonian plains of southern Argentina.

Goldcorp gets construction approval for Eleonore

Goldcorp said on Monday that the Quebec government has given the green light to its Eleonore project, allowing Canada's second largest gold producer to start full construction at the mine in Northern Quebec. The project, which is located in the James Bay region of Quebec, is expected to boost Goldcorp's output by 600,000 ounces of gold a year, with cash costs under $400 per ounce.

Nice margin if you can get it: Goldcorp keeps costs between $258 – $551 per oz

Vancouver-based Goldcorp on Wednesday reported record third-quarter net income on an adjusted, non-GAAP basis of $459 million or $0.57 per share from $244 million or $0.33 per share in the third quarter last year.

Revenues for the quarter grew 48% to $1.31 billion from $885 million in 2010 on gold sales of 571,500 ounces. Average realized gold price surged 39% over 2010 to $1,719 per ounce. Cash costs at Goldcorp now amount to $258 per ounce on a by-product basis and $551 per ounce on a co-product basis.

Canadian stocks rise; Goldcorp rallies 6 pct

Canada's main stock index gained nearly 1% Tuesday, recovering the prior session's losses, as gold mining stocks rallied alongside a surge in gold futures.

Goldcorp throws cold water on stock touts

Unscrupulous stock tout services have been pumping U.S. junior exploration companies by suggesting that Vancouver-based senior gold producer Goldcorp Inc. is about to buy them out at huge premiums to their prevailing market prices.

The latest tout service to do this is Stock Castle, a wholly owned subsidiary of Fidelity Ltd., which is said to be located in the British Virgin Islands.

Musselwhite Mine Evacuation: Goldcorp removes North Ontario miners due to forest fires

Goldcorp Inc. (TSX:G) has removed most of its 380 employees from the Musselwhite mine in northwestern Ontario due to forest fires in the area.

Globe: Barrick, Goldcorp set to square off over Chilean project

Barrick Gold is suing Goldcorp over the El Morro copper mine in Chile, the Globe and Mail reported yesterday.

According to the newspaper:

Toronto-based Barrick Gold Corp., (ABX-T44.24-0.39-0.87%) the world’s largest gold producer, is fighting Goldcorp Inc. (G-T46.82-0.59-1.24%)after the Vancouver company scooped up a majority stake in the El Morro development, one of the largest known copper and gold deposits in South America.

Barrick alleges Goldcorp’s deal to buy Swiss miner Xstrata PLC’s 70-per-cent stake in El Morro was done illegally and is suing both parties, along with New Gold Inc., (NGD-T9.09-0.06-0.66%) which has a 30-per-cent stake in the project.

Goldcorp named to Nasdaq global sustainability index

Canadian mining giant Goldcorp Inc. has been recognized by Nasdaq as one of the Top 100 companies in the world for its sustainability practices.

The Index is an equity-weighed index made up of 100 companies that lead in measuring and reporting their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste generation, workforce initiatives and community investment.

Gold bull run only halfway done: Goldcorp CEO

Goldcorp (G.TO: Quote), Canada's second-largest gold producer, said on Tuesday the gold market bull run was not over XAU.

"I certainly think we're in much more the middle than near the end of this long bull run," Chief Executive Chuck Jeannes said in an interview.

Goldcorp reports 150% jump in adjusted net earnings for Q1

Goldcorp reported Wednesday that adjusted net earnings for the first quarter of this year increased 150% to US$397 million or 50-cents per share, compared to $159 million or 22-cents per share in the first quarter of 2010.

Net earnings for the first quarter of this year were reported to be $651 million or 82-cents per share, compared to $232 million or 32-cents per share reported in the first-quarter 2010.

Goldcorp's Acquisitions Start to Pay Off

Contrary to firms like Minmetals Resources and Equinox Minerals (EQMIF.PK), which are bidding for takeovers in 2011, Goldcorp (GG) was a player in the mergers and acquisitions game last year.

That activity is starting to pay off.Goldcorp has announced that the resource estimate at its newly-acquired Cerro Negro project in Argentina has doubled. Proven and probable reserves jumped from 2.1 million to 4.3 million ounces of gold and 20.5 million to 36.2 million ounces of silver.

That’s more than double the gold and about 75 per cent more silver.

Yamana advances Agua Rica strategy through agreement with Xstrata and Goldcorp

Yamana Gold today announced an arrangement, subject to formal documentation, with Xstrata Queensland Limited and Goldcorp Inc. that would see the ultimate integration of Agua Rica into Minera Alumbrera.

Agua Rica is a 100% Yamana-owned, development-stage project in the province of Catamarca, Argentina and is located approximately 35 kilometres from the currently operating Alumbrera mine

Quebec Cree sign agreement with Goldcorp

The Cree Nation and Goldcorp Inc. have signed a cooperation agreement over the Éléonore gold project in the province of Quebec, Canada. Under the agreement, signed on Monday, Goldcorp recognizes Cree rights in the area surrounding the project, and the Cree support the rights of Goldcorp. to develop the property in traditional Cree territory.

Goldcorp sells Osisko stake for $530 million

Goldcorp announced on Tuesday that it sold its 10.1% equity interest in Osisko Mining Corporation. Expected cash proceeds from the sale will be Can$530 million. According to Goldcorp's news release, the shares were sold on an underwritten block trade basis …

Goldcorp sets record at 2.52M oz

Goldcorp set a gold production record in 2010 at 2.52 million oz, including 686,300 oz in Q4, Canadian Mining Journal reports. Cash costs per ounce were $US285. Total 2011 output is forecast to grow to 2.70 million oz, and over …

Rocmec’s thermal fragmentation technology tested at Goldcorp operation

One of Rocmec Mining's thermal fragmentation units is to be deployed for test work at Goldcorp's Porcupine gold mine in Timmins, Ontario. Thermal fragmentation (IM September 2009, p24) will be compared to the long-hole mining method currently employed at the mine. This offers several advantages such as: less long-hole drilling, reduction in mucking, backfilling, transporting [...]