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Company News

Goldcorp 3rd-qtr profit soars 88 pct

Oct 25 (Reuters) - Canadian gold producer Goldcorp Inc reported an 88 percent surge in quarterly profit on Wednesday.

The company’s net earnings rose to $111 million, or 13 cents per share, in the third quarter ended Sept. 30, from $59 million, or 7 cents per share, a year earlier.

The company produced 633,000 ounces of gold in the reported quarter at $827 an ounce. That compared with 715,000 ounces at a cost of $812 per ounce in the third quarter last year. (Reporting by Taenaz Shakir in Bengaluru; Editing by Shounak Dasgupta)

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