Newmont Goldcorp Corp (NGT)

[NYBob]

Goldcorp profit rises
Friday, November 09, 2007
VANCOUVER — —

Goldcorp Inc.
reported Friday a third-quarter profit of $75.8-million
(U.S.), up from a year-ago $59.5-million, as sales
rose 29 per cent and production 28 per cent.
The Vancouver-based miner said its profit amounted
to 11 cents per share diluted and compared with earnings
of 14 cents per share, affected by the rise in number of
Goldcorp's issued shares to 709 million from 422 million.
“During the third quarter, Goldcorp grew gold production
at much lower cash costs than industry averages,”
president and CEO Kevin McArthur said in a statement.
“We enjoy the best gross margin in the senior space,
enabling shareholders to participate fully in
the continued strong market for gold.”
Gold sales were 537,200 ounces at a cash cost of
$140 per ounce, compared with 421,400 ounces at a
cash cost of $84 per ounce in 2006.
Revenue during the quarter was $524-million versus
$404.3-million in the comparable period of 2006.
Goldcorp said it remains on track to produce 2.2 million
to 2.3 million ounces of gold at a total cash cost of
$150 per ounce in 2007.
Canadian Press

http://www.goldcorp.com