Goldcorp profit down on metal prices, costs

Thu May 2, 2013 8:15am EDT
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May 2 (Reuters) - Canadian miner Goldcorp Inc reported a 35 percent drop in first-quarter profit on Thursday, as lower metal prices and higher costs outweighed a boost in gold sales.

Net income was $309 million, or 33 cents a share, in the quarter ended March 31. That compared with $479 million, or 51 cents a share, in the year-ago quarter.

Revenue fell 16 percent to $1 billion.