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Monday, April 26, 2010

Goldcorp (TSE:G) Earnings Preview

Goldcorp (TSE:G)(NYSE:GG) seems to be poised for another strong quarter of gold production, and earnings per share, while estimated to come in at 27 cents a share - lower than the 40 cents a share in the same quarter last year - still reflects a strong quarter for the company, while also improving significantly over the 9 cents a share in the last quarter.

Estimated gold production for last quarter is about 30,700 ounces at its flagship Penasquito mine alone, with a projected 180,000 for the all of 2010 there.

This year Goldcorp is expected to produce another record in their gold production, which last year came to 2.42 million ounces.

Very few, if any, gold producers can do it as inexpensively as Goldcorp, and they continue to be among the best in that reguard, with cost running at $289 an ounce on a total cash basis, while standing at $422 an ounce on a by-product basis.

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