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Market: TSX, NYSE
Sector: Gold Mining
Epic: TSX:G
News: Latest news
Web Site: Goldcorp
Other Articles: 18-02-201010-02-201021-01-2010

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Wednesday March 17, 09:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 12:26Healthcare & Biotech companies to present at "Ultimate Healthcare & Biotechnology Event 2010”

We have a cracking line-up for March 24, as we return to Healthcare & Biotech sector at our One2One Investor Forum. Seats are limited, to avoid disappointment, register now.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Goldcorp

Goldcorp

Goldcorp is one of the world's largest gold mining companies employing more than 9,000 people worldwide. Goldcorp has 16 operations and development projects focused throughout the Americas with over 70% of reserves in NAFTA countries.  

Thursday, February 19, 2009

Goldcorp reports good Q4 and FY results, reserves up 7 percent

Goldcorp Inc reported a fourth quarter production of 691,800 ounces, an increase of 11 percent from the fourth quarter of 2007. Fourth quarter net earnings rose to US$958.1  from US$256.5 million in the fourth quarter of 2007. Revenues in the quarter fell to US$609 million from US$679.8 million a year earlier, due primarily to lower realized silver and copper prices.

For the twelve months ended December 31 2008, revenues increased 10 percent to US$2.42 billion, and gold production totalled 2.32 million ounces, up from 2.29 million ounces previously. Net earnings rose to US$1.48 billion from US$460.1 million in 2007.

"Goldcorp ended 2008 with strong performance at every mine in our portfolio," said Chuck Jeannes, President and CEO "Decreasing cash costs enabled the company to capture greater margins in a rising gold price environment. Our performance in the fourth quarter underscores the substantial operational improvements underway throughout the company, and our priority in 2009 and beyond is on building on this improved performance while delivering on our goals and objectives."

At Penasquito, every significant construction milestone has been achieved, and the project remains on track for the first production of concentrates later this year and commercial production by the start of 2010. In addition, the pace of construction at the Pueblo Viejo project in the Dominican Republic is expected to accelerate in 2009, Goldcorp added.

The company also announced that total proven and probable reserves increased 7 percent to 46.3 million ounces as of December 31 2008.

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