February 21, 2008 / 1:42 PM / in 10 years

Goldcorp fourth-quarter profit soars higher

(In U.S. dollars)

OTTAWA, Feb 21 (Reuters) - Fourth-quarter profit at Goldcorp Inc G.TO GG.N nearly quadrupled, Canada’s No. 2 gold producer said on Thursday, as higher gold prices and increased production more than offset rising costs.

The company said earnings rose to $256.5 million, or 36 cents per share, from $66 million, or 11 cents per share, in the same period a year earlier.

Adjusted earnings rose to $178.5 million, or 25 cents a share, from $113.5 million, or 19 cents per share.

$1=$1.01 Canadian Reporting by Susan Taylor; Editing by Scott Anderson

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