October 26, 2016 / 10:07 PM / a year ago

Miner Goldcorp reports third-quarter profit, production falls

(Reuters) - Canadian gold producer Goldcorp Inc (G.TO) reported a quarterly profit on Wednesday compared to a loss a year ago but production fell due to lower gold grades, throughput and recoveries at its flagship Penasquito mine in Mexico.

President and Chief Executive Officer of Goldcorp., Chuck Jeannes' shadow is seen on the wall while he delivers a speech at the annual general meeting held at the Pan Pacific Convention centre in Vancouver, British Columbia May 18, 2011. REUTERS/Ben Nelms/File Photo

Goldcorp, the world’s third-biggest gold producer by market value, reported net earnings of $59 million, or 7 cents a share, in the three months to end-September. That compared with a loss of $192 million, or 23 cents per share, a year earlier.

Reporting by Nicole Mordant in Vancouver; Editing by James Dalgleish

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below