BUZZ-Goldcorp Inc: Falls on dividend cut, lower production forecast

Fri Feb 26, 2016 7:58am EST
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** Gold miner's U.S.-listed shares down 10.6 pct at $14.15 premarket

** Company cuts annual dividend on Thursday to 8 cents per share and says it will pay dividend on quarterly basis instead of monthly; company paid 45 cents per share dividend in 2015

** Goldcorp forecasts 2016 production of 2.8-3.1 mln ounces, lower than 2015 production of 3.5 mln ounces

** Company reports Q4 adjusted loss of 15 cents per share; analysts on average had expect it to break even

** Up to Thursday's close, stock had risen 37.5 pct this year