Of course .... Of course…Goldcorp is back on track….
After a miserable quarter – and a drop in the share price (while other gold Co’s were rising in value) - just proceeding the take-over offer…
Goldcorp releases good news ….
https://finance.yahoo.com/news/goldcorp-gg-attains-18-production-130601625.html “…achieved its 2018 production and cost guidance. The company reported gold production of 630,000 ounces for the fourth quarter of 2018, which was 25% higher sequentially and also surpassed the company’s previously announced expectations. Gold production for the full year was around 2.29 million ounces, which was higher than previous guidance of 2.28 million ounces. All-in sustaining costs (AISC) for 2018 are projected to be at the revised guidance of $850 per ounce…”
How convenient for the purchasers…
Had this come to light earlier, or the previous Qtr not been so bad, the share price would probably be well into the $ 14’s or so (pre offer).
Newmont likely saved themselves (which correspondingly cost G shareholders) a few billion $. What a lucky break for Newmont ! How could G Mgt have ever foreseen this?