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Goldcorp hits 2017 production guidance, sees lower costs for 2018

Published 01/16/2018, 10:35 AM
© Reuters.  Goldcorp hits 2017 production guidance, sees lower costs for 2018
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  • Goldcorp (GG +3.7%) jumps in early trading after reporting preliminary gold production for Q4 and FY 2017 of 646K and 2.569M oz., respectively, exceeding the midpoint of gold production guidance of 2.5M oz.
  • GG also says it expects FY 2017 all-in sustaining costs of $825/oz. to fall further to $800/oz. in 2018.
  • President and CEO David Garofalo says GG is "well underway to deliver on our 5-year plan of growing gold production and gold reserves by 20% and reducing AISC by 20% by 2021."
  • Now read: Goldcorp Is A Great Buy In Anticipation Of Gold's Next Run


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