TICKER: G:TSX; GG:NYSE
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.
Alec Kodatsky, CIBC World Markets
"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."
Barry Allan, Mackie Research Capital
"Goldcorp remains our Top Senior Pick with an attractive growth profile. Compared to the peer group, the company has low operating costs and a growth profile."
The Gold Report Interview with Merrill McHenry
"Goldcorp is the first go-to company because it has a fair amount of mill operations [in Mexico]. . . at Goldcorp's Los Filos, there are four, going on five, mines on that project. They are all clustered together."
"Canaccord Genuity Precious Metals Analyst Steven Butler reiterated his bullish rating on Goldcorp Inc. . .he highlights that company shares continue to offer growth at a reasonable price. Goldcorp remains Butler's preferred senior producer, based on its superior high-grade, low-cost growth profile, supported by the ramp-up of Pueblo Viejo and new production from Cerro Negro, Eleonore and Cochenour. . .Goldcorp remains focused on quality growth, low political risk and maintaining a strong balance sheet."
George Albino, GMP Securities
"We have returned from our site visit last week to Barrick Gold Corp. and Goldcorp Inc.'s Pueblo Viejo mine in the Dominican Republic. . .our visit was positive. We were pleased to see both the gold and sulphur block models reconciling well with the mining environment, the effective solutions to the autoclave throughput issues experienced last year and the recent bump in recoveries of silver in the lime boil process; we are reiterating our Buy rating and CA$61.00/share target for Goldcorp."
Goldcorp Inc. Content
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