Goldcorp Reports 2013 First Quarter Miss; Annual Guidance Reconfirmed

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GOLDCORP INC. (G, GG), which fell 2.5% Wednesday, today reported quarterly revenues of $1.0 billion, generating adjusted net earnings of $253 million, or $0.31 per share, compared to $404 million, or $0.50 per share, in the first quarter of 2012. The $0.31 missed forecasts for $0.39 per sahre.

Reported net earnings were $309 million compared to $479 million in the first quarter of 2012. Adjusted operating cash flow was $400 million.

First Quarter 2013 Highlights:


- Revenues totaled $1.0 billion.

- Gold sales totaled 595,100 ounces.

- All-in sustaining costs totaled $1,1351 per ounce, $565 per ounce on a by-product basis and $710 per ounce on a co-product basis.

- Adjusted operating cash flow totaled $400 million or $0.49 per share.

- Adjusted net earnings were $253 million, or $0.31 per share.

- Dividends paid amounted to $122 million.

- Issued $1.5 billion in senior unsecured notes.

- Commercial production declared at Pueblo Viejo.



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

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This article appears in: Investing , Commodities

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