Correction in gold has had a significant negative impact on stocks from the sector. Goldcorp has just made its 52 week low, which is close to the lows made in June. The chances of a rebound are good because gold had shown some strength last time it hit $1200. In case $1200 holds, these stocks can be good for the long term. Even if gold can consolidate in $1200-$1450 range in the medium term, companies like Goldcorp can report better numbers going forward. Goldcorp has taken the impairment hit, and is making conscious efforts to lower the cost. However, there has been yoy increase in all-in sustaining costs in Q3'13. The all-in costs in Q3 came in at $992 /oz. compared to $801 /Oz. for Q3'12. This compares well will many peers, though there are even development stage companies with lower expected cost of production like Pershing Gold (PGLC). Goldcorp reported much lower sales in Q3, but remains on course to meet its production and cost guidance. The valuations are good as the stock is trading at 0.87 times its book value. Analysts are positive on the stock. One article on SA recently compared Goldcorp with Barrick Gold (ABX), and expressed strong preference for Goldcorp. The author mentioned that Goldcorp has implemented a successful and disciplined growth and capital allocation strategy. It has significantly lower debt and operates in low risk jurisdictions. The company is strongly focused on gold and the exposure to silver is low. The focus on cost reduction is also at the top of management's mind. Most of its mines saw lower costs compared to the previous quarter, and these efforts will improve the margins over the next few quarters. In the current volatile scenario, lower cost companies will be preferred, and Goldcorp may be a good bet for the long term. But gold has to hold, else all bets are off.