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Goldcorp reports net loss of $131 million in Q2

Goldcorp reported a net loss of $131 million or 15 cents per share in its second quarter.

Goldcorp attributed the loss to non-cash foreign exchange losses primarily arising on deferred tax balances.

The company reconfirmed 2018 guidance for gold production of 2.5 million ounces, plus or minus 5 per cent, and a all-in-sustaining-cost of $800 per ounce, plus or minus 5 per cent.

Gold production was at 571,000 ounces with all-in sustaining costs of $850 per ounce. The same quarter a year ago Goldcorp produced 635,000 ounces at AISC of $800 per ounce.

Written with material from Golcorp news release.