TICKER: NYSE:GG; TSX:G
DESCRIPTION: 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 information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"In 2006, we were. . .recommending stock call options on. . .Goldcorp Inc. . .We had a good run. We were buying them and making anywhere between 100% and 300%, usually in 90–180 days. I was a happy camper. . .Of course, the Lehman thing came and, when they crunched the gold market, it was the end of that opportunity for a while.
I believe you're going to see [that opportunity] again. We're starting to trend that way. It's going to be easier, I think, to trade options in some of these senior companies because they have a lot of cash. We see them making a lot more money with rising metal prices this year and next."
View Entire Article: Roger Wiegand: Opportunity in Crisis
The Gold Report Interview with Joe Foster (08/20/10)
"Among the majors, though, Goldcorp [is one of the] majors that we have the most exposure to. . . We like Goldcorp; they have a growth profile. The startup at Peñasquito is going extremely well. Following that, they'll start up the Pueblo Viejo property—their joint venture (JV) with Barrick Gold in the Dominican Republic. They've got a string of other properties that they plan on developing beyond that. So, they have a decent growth profile."
View Entire Article: Joe Foster: Catalysts Pushing Gold
Adrian Day, Adrian Day's Global Analyst
(08/19/10)
"Best of the major producers, with low costs and risk, growth potential Goldcorp is our only traditional gold miner—the best of the senior producers with strong operations, a solid pipeline, low political risk and low costs. Its latest mine, Peñasquito in Mexico, is ramping up with operations going very well. Goldcorp has several major mines in the development stage, including its JV with Barrick in the Dominican Republic, Pueblo Viejo; and Eleonore, the Quebec property it acquired from Virginia, which continues to grow."
Chip Brian, SmarTrend (08/16/10)
"When Goldcorp reported earnings 16 days ago on July 28, 2010, analysts, on average, expected the company to report earnings of $0.29 on sales of $916M. The company actually reported EPS of $0.25 on sales of $844M, missing EPS estimates by $0.04 and missing revenues estimates by $72M. Since the company's report, shares of Goldcorp have risen from $38.91–$39.68, representing a gain of 1.98% in the past 16 days."
Canaccord Capital, Morning Coffee
(07/30/10)
"Goldcorp dipped after reporting Q210 adjusted-diluted EPS that fell slightly short of analysts' expectations. Q2 EPS came in at US$0.26 compared to Canaccord Genuity's US$0.29 estimate and US$0.28 consensus. The shortfall. . .was due to a lower realized copper price (negative settlement adjustments from provisionally priced Alumbrera concentrate from Q1) and higher depreciation expense. While operating cash flow of US$387.9M was better than [our] US$360M estimate due to lower cash taxes. Commercial production was 570,400 oz. (excluding 39,100 oz. pre-commercial production at Peñasquito) with sales of 598,000 oz. at cash costs of US$363/oz. vs. estimate of 606,000 oz. at US$339/oz. The production miss was driven by lower-than-expected production at Red Lake and San Dimas due to lower grades and throughput. However, gold sales exceeded production at Red Lake and Alumbrera by 12,000 oz. and 13,000 oz., respectively, reversing the trend that negatively impacted Q1 results."
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