Goldcorp is now the world's lowest-cost, million-ounce gold producer. The acquisition of Wheaton River Minerals Ltd. has increased gold production, gold reserves and resources and given the company one of the fastest growth curves in the industry. It has strengthened Goldcorp's already solid balance sheet and lowered production costs per ounce even further. Goldcorp is in excellent financial condition. It has no debt, a large treasury, strong cash flow and earnings and pays a dividend 12 times per year. Goldcorp is completely unhedged.
The Gold Report Interview with Chris Mancini (8/19/13) "Goldcorp Inc. is in the Good category. It is building the Cerro Negro project in southern Argentina, the Éléonore project in northern Quebec (adjacent to Eastmain's Eau Claire deposit) and an expansion to its Red Lake mine in Ontario. So Goldcorp is spending a lot right now, but it has a net-neutral balance sheet. Once these projects are completed by the middle of next year, they should generate a lot of cash. Goldcorp owns 10% of Eastmain, and if it were to finance Eastmain at reasonable valuations, I think that would be accretive for it."
Barry Allan, Mackie Research Capital (7/26/13) "Goldcorp Inc. remains our top senior pick with an attractive growth profile. Compared to the peer group, the company has low operating costs and is expected to grow production from 2.4 Moz gold in 2012 to 3.85 Moz in 2016. . . we reiterate our Buy recommendation."
The Gold Report Interview with David H. Smith (6/19/13) "Companies like Goldcorp Inc. know how to solve problems. . . [they] are realizing that they have a responsibility to help good exploration companies keep the doors open. If all these companies blow away, the feeder stream that nourishes the large mining companies is going to dry up. It's like the food chain."
The Gold Report Interview with Tobias Tretter (5/29/13) "The Guerrero region of Mexico hosts a very famous and very prospective gold belt. We will hear about a lot of new companies in the future from this belt. Goldcorp Inc. is already producing from the Los Filos mine in the Guerrero Gold Belt. Goldcorp has about 13 Moz gold there and is producing 330 Koz/year right now."
Alec Kodatsky, CIBC World Markets (5/3/13) "Goldcorp Inc. delivered Q1/13 operational results that were in line with our expectations in terms of both production and costs; we think this sets a good tone to the year and leaves the company on track to hit our 2013 production forecast of 2.6 Moz. . .the march towards 70% production growth by 2017 carries on. Goldcorp remains the only senior name in North America that expects production growth in 2013, has a comfortable degree of leverage and low political risk."
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