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Goldcorp sees gold above $1,000 for some time
Mon Mar 10, 11:30 AM

http://ca.news.finance.yahoo.com/s/10032008/6/finance-goldcorp-sees-gold-above-1-000-time.html

NEW YORK (Reuters) - Goldcorp Inc expects the price of gold to top $1,000 an ounce and remain there for some time, a development that would allow the company to improve its operating margins further, its chief executive said on Monday.

NEW YORK (Reuters) - Goldcorp Inc expects the price of gold to top $1,000 an ounce and remain there for some time, a development that would allow the company to improve its operating margins further, its chief executive said on Monday.

In a wide-ranging interview at the Reuters Mining Summit, Kevin McArthur, who is also president of the Canadian gold producer, said he did not expect the company to make large acquisitions in the near future, but instead focus on its promising brownfield expansions.

For example, McArthur said of Goldcorp's flagship Red Lake mine in the Canadian province of Ontario: "We're finding exciting drill holes there. We expect to operate there for decades to come."

(For summit blog: http://summitnotebook.reuters.com/)

(Reporting by Robert Melnbardis; Editing by Lisa Von Ahn)