Mining costs, which constituted the industry's biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring gold prices.

Goldcorp CEO Chuck Jeannes, said:

We're locking in the opportunity, all other things being equal, to better that cost guidance for the year.

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