Goldcorp CEO says cost of gold production rising

By Emerging Money>,

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Goldcorp ( GG , quote ) CEO Chuck Jeannes did a great job on Fast Money last night talking to us about production costs and some of the transition in the industry.

Image courtesy Bullion Vault: Clearly, a view that miners were supposed to be defensive in a risk off environment while gold was defensive,was flawed. There was an attempt to paint him into that corner, but Chuck did a good job highlighting that gold ( IAU , quote ) itself is different from the miners. I asked him about new projects versus buying his own stock and he stated clearly that his stock was cheap.

The Goldcorp CEO also indicated that he saw the cost of production rise to between $1000-$1100 per ounce of gold.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
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