Goldcorp swings back to profit in first-quarter

Wed Apr 27, 2016 5:56pm EDT
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April 27 (Reuters) - Goldcorp Inc returned to a profit in the first-quarter on the back of higher production and lower costs, the Canadian gold producer said on Wednesday.

Goldcorp, the world's third-biggest gold producer by market value, reported net earnings of $80 million, or 10 cents a share, in the three months to end-March. That compared with a net loss of $87 million, or 11 cents per share, a year earlier. (Reporting by Nicole Mordant in Vancouver; Editing by Chris Reese)