Goldcorp Earnings Top Estimates as Costs Rise Less Than Expected
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Goldcorp Inc., the largest gold miner by market value, reported third-quarter earnings that beat analysts’ estimates after costs rose less than expected.
Net income fell to $5 million, or break even per share, from $498 million, or 61 cents, a year earlier, the Vancouver-based company said today in a statement. Profit excluding one-time items was 23 cents a share, exceeding the 20-cent average of 19 estimates compiled by Bloomberg. Sales declined to $929 million from $1.28 billion.