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Goldcorp Inc.

TICKER: G:TSX; GG:NYSE

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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 from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

Canaccord Genuity's Morning Coffee (11/3/14) "Goldcorp Inc.'s Q3/14 gold sales were 508 Koz. . .both Penasquito and Red Lake are expected to rebound strongly in Q4/14, and management indicated all the company's mines should have a strong finish in 2014."

Tony Lesiak, Canaccord Genuity (10/31/14) "Goldcorp Inc. expects very strong operating performance in Q4/14. Management reaffirmed the near-term growth pipeline. . .we reiterate our Buy rating, and continue to believe that the company should trade at a strong premium to the group given its sector-leading growth, high-quality assets with exceptional exploration upside, strong balance sheet and management team. . . .gold production could increase by over 50% in Q4/14 including new output from Eleonore and Cerro Negro. . .the company confirmed its ability and desire to maintain the dividend, which is current yielding a sector-leading 3.2%."

Phil Russo, Raymond James (10/2/14) "Goldcorp Inc. announced that first gold production at Éléonore occurred on October 1, 2014. . .combined with Cerro Negro's recent declaration of first gold in Q3/14, this reinforces our view that the company's suite of growth projects are set to deliver per expectations in 2014 and drive growth of 25% for the company in 2015. The two projects are slated to contribute 18% of the firm's production in 2015. . .the firm reaffirmed commercial production at Éléonore by Q1/15; we estimate Éléonore production for 2015 will be 280 Koz at total cash costs of $565/oz."

Josh Wolfson, Dundee Capital Markets (9/16/14) "Goldcorp Inc.'s development projects. . .all remain on track. At Cerro Negro in Argentina, the company is on schedule to achieve 2014 guidance for 130–180 Koz, while a rapid ramp-up to more than 500 Koz is expected in 2015. At Eleonore, first gold is expected in Q4/14, but a longer ramp-up period will target average annual production achievement of 575–650 Koz in 2018. At Cochenour, development is on track, and the company has almost completed the 5.5km tram drift to the Red Lake mining facilities. At Penasquito, both the mine and mill are operating well."

The Gold Report Interview with Keith Phillips (8/27/14) "Goldcorp Inc. is a strong company in every way. It has abundant capacity to continue to look to acquire assets." More >

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(9/11/12)
Goldcorp CEO Positive on Gold Price


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