FYI...GG, Goldcorp Reports Record Net Earnings in Fourth Qtr
VANCOUVER, BRITISH COLUMBIA, February 21, 2008 – GOLDCORP INC. (TSX: G, NYSE: GG) today reported record net earnings of $256.5 million, or $0.36 per share, for the quarter ended December 31, 2007 and $460.1 million or $0.65 per share, for the year. Production in 2007 increased 35% to 2,292,600 gold ounces at a total cash cost of $163 per ounce.
Fourth Quarter 2007 Highlights:
Revenues increased 42% to $679.8 million.
Gold production increased 9% to 638,900 ounces2.
Total cash costs of $195 per gold ounce2,3, net of by-product copper and silver credits.
Operating cash flow of $327.1 million, before changes in working capital4.
Reaffirms 2008 guidance of approximately 2.6 million gold ounces at a total cash cost of $250 per ounce.
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