Goldcorp earns $460.1-million (U.S.) in 2007Goldcorp earns $460.1-million (U.S.) in 2007
Goldcorp Inc (2) (C:G)
Shares Issued 708,351,128
Last Close 2/20/2008 $39.52
Thursday February 21 2008 - News Release
Mr. Jeff Wilhoit reports
GOLDCORP REPORTS RECORD NET EARNINGS IN FOURTH QUARTER
Goldcorp Inc. has posted record net earnings of $256.5-million, or 36 cents per share, for the quarter ended Dec. 31, 2007, and $460.1-million or 65 cents per share, for the year. Production in 2007 increased 35 per cent to 2,292,600 gold ounces at a total cash cost of $163 per ounce. All amounts are in U.S. dollars, unless stated otherwise.
Fourth quarter 2007 highlights:
* Revenues increased 42 per cent to $679.8-million.
* Gold production increased 9 per cent to 638,900 ounces(2).
* Total cash costs of $195 per gold ounce(2)(3), net of byproduct copper and silver credits.
* Operating cash flow of $327.1-million, before changes in working capital(4).
* Reaffirms 2008 guidance of approximately 2.6 million gold ounces at a total cash cost of $250 per ounce.