Goldcorp's ‘Miserable Quarter’ Sends Shares to 16-Year Low
- Miner plunges on results that were ‘clear disappointment’: BMO
- Slump makes it worst performer among big gold miners Thursday
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Goldcorp Inc. tumbled to the lowest since 2002, the steepest decline among senior gold producers, a day after reporting a worse-than-expected third-quarter loss.
The Vancouver-based miner posted a net loss of 12 cents a share, wider than the average analyst estimate for a loss of 10 cents. Operating results were hurt by lower output of all metals from the company’s Peñasquito mine, while costs climbed.