July 28, 2010 / 9:30 PM / 7 years ago

UPDATE 1-Goldcorp profit jumps on strong bullion price

* Q2 EPS $1.11 vs year-ago loss of $0.32/shr

* Revenue up 34 pct at $844.3 mln (In U.S. dollars unless noted)

TORONTO, July 28 (Reuters) - Goldcorp (G.TO) reported a a second-quarter profit on Wednesday, as increased gold production and record bullion prices helped it overturn a year-ago loss.

Net income in the quarter was $826.7 million, or $1.11 a share, compared with a year-ago loss of $232.4 million, or 32 cents a share, when results were hurt by a non-cash foreign exchange translation loss.

Excluding items, the company reported earnings of $198.8 million, or 27 cents a share, up from $99.2 million, or 14 cents a share.

Revenue rose 34 percent to $844.3 million on increased gold sales and a significantly higher gold price.

$1=$1.04 Canadian Reporting by Euan Rocha; editing by Rob Wilson

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