Goldcorp set to recover from loss
Heafty unusual costs pulled Goldcorp (G-T) deep into the red last year. The losses totalled $19.3 million (or 24 per share) on revenue of $61.3 million, compared with earnings of $10.6 million (14 p…
Goldcorp Inc
Golds enjoy relief from usual slump
The plunging technology stocks led the Toronto Stock Exchange downward over the report period Feb. 21-27, even as most other sectors moved higher. The TSE 300 composite index lost 170.99 points, or 2….
Goldcorp bumps up grade
Goldcorp (G-T) has increased by 43% the number of contained ounces in the High Grade zone of the Red Lake mine in northwestern Ontario.The mine, which re-entered production in August, now has a reserv…
Partners active near Red Lake
Vancouver — Partners Rubicon Minerals (RMX-V) and AngloGold (AU-N) have begun a 450-metre program of diamond drilling at the Norseman geophysical target, 30 km northeast of Red Lake, Ont.Ground magne…
Goldcorp revises Red Lake forecast
Higher head grades have prompted Goldcorp (G-T) to increase its 2001 production forecast for the Red Lake mine in Ontario.The mine, which re-entered commercial production on Jan. 1, is now expected to…
Copper, nickel end year with a whimper
Metals markets suffered a difficult start to 2001. Copper prices shed US$80 per tonne on their first trading day (Jan. 2), eventually bottoming out at a 6-month low, and nickel suffered its largest 1-…
Red Lake reopening nears
Underground sampling at the developing Red Lake gold mine in northwestern Ontario is confirming earlier drill results, reports Goldcorp (G-T).The efforts have been focused in one of several lenses tha…
Goldcorp benefits from Havelock sale
Toronto-based Goldcorp (G-T) pocketed a respectable profit in 1999, thanks largely to the sale of its Havelock Lime division.The company earned US$11 million (or 15 per share) on revenue of US$51.7 m…