Seeking Alpha

Goldcorp announces first gold production at Cerro Negro

  • Goldcorp (NYSE:GG) says it has achieved first gold production at its Cerro Negro high-grade gold mine in Argentina, which the company says was completed within its capital cost guidance range.
  • GG says its 2014 gold production guidance remains on track at 130K-180K oz., while reducing expected initial capital costs by $100M to $1.6B-$1.7B.
From other sites
Comments (4)
  • FrankTrades
    , contributor
    Comments (103) | Send Message
     
    Potentially affected by incipient Argentina bankruptcy?
    25 Jul 2014, 05:36 PM Reply Like
  • 6151621
    , contributor
    Comments (1182) | Send Message
     
    If anything the bankruptcy will pressure the wage costs lower relative to the USD. (They understand a goose with golden eggs is not to be killed).

     

    If the bankruptcy happens it will be the result of profiteering distressed debt hedge funds using legal team to maximize return.
    26 Jul 2014, 05:32 AM Reply Like
  • thomasrturner
    , contributor
    Comments (6) | Send Message
     
    GG paid too much. They may never recover the purchase and develop costs unless gold goes to the moon.
    25 Jul 2014, 07:13 PM Reply Like
  • billfei
    , contributor
    Comment (1) | Send Message
     
    Why do people express so much gloom about something that is good for GG?
    27 Jul 2014, 09:28 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs