Profits Soar!https://www.reuters.com/article/marketsNews/idCAWNAS186620080221?rpc=44
Goldcorp fourth-quarter profit soars higher
Thu Feb 21, 2008 8:40am EST Email | Print | Share| Reprints | 19 Feb 2008
OTTAWA, Feb 21 (Reuters) - Fourth-quarter profit at Goldcorp Inc (G.TO: Quote, Profile, Research) (GG.N: Quote, Profile, Research) nearly quadrupled, Canada's No. 2 gold producer said on Thursday, as higher gold prices and increased production more than offset rising costs.
The company said earnings rose to $256.5 million, or 36 cents per share, from $66 million, or 11 cents per share, in the same period a year earlier.
Adjusted earnings rose to $178.5 million, or 25 cents a share, from $113.5 million, or 19 cents per share.
($1=$1.01 Canadian) (Reporting by Susan Taylor; Editing by Scott Anderson)