Goldcorp $GG Gets Hammered after lowering its 2012 gold production guidance to 2.35M-2.45M oz., below prior guidance of 2.6M. The lower production will lead to an average cash cost of $310-340/oz. on a by-product basis and $625-$650/oz. on a co-product basis, below prior guidance of $250-$275 and $550-$600. Goldcorp blames de-stressing activities at its Red Lake mine, and water shortages at its Peñasquito mine.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.