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Goldcorp reports loss, lower gold production

Canada-based gold miner Goldcorp (TSX: G) reported a net loss and lower gold production at higher cost for the June quarter but has maintained its 2018 guidance as it said two operations were set to ramp up in the second half.

Goldcorp reports loss, lower gold production Goldcorp reports loss, lower gold production Goldcorp reports loss, lower gold production Goldcorp reports loss, lower gold production Goldcorp reports loss, lower gold production

Goldcorp anticipates higher production in second half

The company said it was impacted by non-cash foreign exchange losses of US$178 million mainly from deferred tax balances, resulting in a net loss of $131 million compared with net earnings of $135