Goldcorp Inc reported a quarterly loss of more than $1 billion on Thursday on the back of impairment and tax charges and other one-time expenses.The Vancouver-based miner said its net loss in the fourth quarter was $1.1 billion, or $1.34 a share. That compared with a year-earlier profit of $504 million, or 47 cents a share.Excluding the one-time tax and impairment charges, along with reclamation and closure costs for Goldcorp's inactive mine sites, the company reported a profit of $74 million, or 9 cents a share, down from $465 million, or 57 cents a share, a year earlier, when precious metal prices were significantly higher.The miner, which early in January made a C$2.6 billion ($2.4 billion) hostile bid for rival Osisko Mining Corp, said its quarterly revenue fell to $1.2 billion from $1.43 billion despite record gold production levels, as its average realized gold price in the quarter fell to $1,254 an ounce from $1,692 an ounce a year earlier.
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of G fell by 2.88% or $-0.85/share to $28.62. In the past year, the shares have traded as low as $21.87 and as high as $35.20. On average, 2988630 shares of G.TO exchange hands on a given day and today's volume is recorded at 3361257.
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of GG remained unchanged at $26.04. In the past year, the shares have traded as low as $20.54 and as high as $35.19. On average, 8230630 shares of GG exchange hands on a given day and today's volume is recorded at 21389.
Osisko Mining Corporation is engaged in the business of acquiring, exploring, developing and operating gold properties, with interests substantially in Canada. Shares of OSK fell by 2.78% or $-0.19/share to $6.64. In the past year, the shares have traded as low as $2.98 and as high as $6.90. On average, 4361510 shares of OSK.TO exchange hands on a given day and today's volume is recorded at 3117064.
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