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Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, [ 4 ] engaged in gold mining and related activities including exploration, extraction, processing and reclamation.
In 2013 the unit price paid for pure silver was up six cents to $4.12 (incl gold $4.65) while the realized price was down 717 cents to $23.86 (incl gold $23.58). In 2011 though the unit price paid per silver equivalent ounce was only five cents higher at $4.09 it sold each ounce for 67.6% more, in 2010 it was 36.6% more.
The lower price of gold in 2013 is expected to impact gold production in the coming years; Barrick Gold is slowing construction at one of its largest gold projects Pascua Lama (18 m ounces of gold, 676 m ounces of silver) while in Australia mines are being shuttered by companies in an attempt to curb costs. [7] [8]
The gold miner disappointed investors.
Goldcorp Inc (TSX:G) is currently trading at a trailing P/E of 18.9x, which is higher than the industry average of 10.3x. Although some investors may jump to the conclusion thatRead More...
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