Gold companies enjoyed a lift from gold price gains on Wednesday, although some of that was given up Thursday with the release of positive US employment data.
Articles Tagged "NYSE:GG"
Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.
Goldcorp is sticking to its plan of increasing production while gradually bringing costs under control, the world's largest gold miner by current market value said Thursday in response to a negative earnings report.
Candente Gold Corp. (TSX:CDG) announced that Goldcorp Mexico, a subsidiary of Goldcorp Inc. (TSX:G,NYSE:GG), plans to keep its 30 percent stake in the Mexico-based El Oro gold-silver project.
Though Goldcorp reported a quarterly gold production increase, it seems 2012 will not be the year the company expected it to be.
Goldcorp Inc. (TSX:G,NYSE:GG) announced that it produced 578,600 ounces of gold during the second quarter of 2012, a 10 percent increase, and released updated cash cost guidance information.
Globe and Mail reported that a court decided that Goldcorp (NYSE:GG) acted properly in its acquisition of the El Morro gold deposit from Barrick Gold (NYSE:ABX).
Canadian Business reported that Goldcorp (NYSE:GG) stopped work at its Chile-based El Morro mine because its environmental permit was revoked by the government.
With gold prices climbing ever higher and a new regime in place, Haiti may finally be able to realize its gold potential, but risks still remain.
Platts reported that Goldcorp (NYSE:GG) has received approval of the company's plans to develop the El Morro mine in Chile.