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.

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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 (1172) | 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 (8) | 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
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