BUZZ-Goldcorp Inc: Stock biggest drag on Toronto exchange

Thu Oct 30, 2014 12:11pm EDT
 
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** Gold producer's shares fall as much as 11 pct, the biggest drag on Canada's main stock index

** Stock falls to a six-year low of C$21.47, putting it on track for its worst day since December 2008

** Thursday's drop wipes out stock's 4.3 pct gain so far this year

** Q3 adjusted earnings falls well short of analysts' average estimate as production lags expectations

** Expects 2014 production to be at low end of its forecast due to lower-than-expected production at its El Sauzal mine and a work stoppage at its Los Filos underground mine in Q2

** Q3 average realized gold price fell to $1,266 an ounce from $1,339 an ounce