Still, the company maintained 2016 guidance for gold production of between 2.8 million and 3.1 million ounces at AISC of between $850 and $925 per ounce.
Production is expected to increase in the third and fourth quarter since the plant at Peñasquito returned to normal operations in July and higher grades are expected from a number of mines, Goldcorp said. AISC are expected to decrease as a result of higher production.
Adjusted operating cash flow was $307 million, compared to $523 million in 2015.
"While lower production was expected in the second quarter, the decision to accelerate a significant organizational restructuring had a short-term, negative impact on gold production,” said David Garofalo, president and chief executive officer. “With the decentralization of our business well under way and new mine management installed at the majority of our operations to reflect the new business model, Goldcorp is poised to deliver better gold production and cost performance.”
The company announced board approval to proceed with the Pyrite leach project at Peñasquito, with an expected capital investment of approximately $420 million, and the materials handling project at Musselwhite, with an expected capital investment of approximately $90 million. Both are expected to increase production beginning in 2019, Goldcorp said.
not a chance now for acquisition.
I've never seen a management team dilute shareholders with such abuse in a short time like GSS just did.
when IR starts answering their phones again, I'll let them know my opinion.
Investorvillage is free (90%+ of posters, but they do have a premium paying service) as I expect you fully well know, stude. Why don't you come clean as to why you won't (can't) leave yahoo?
Regardless, it looks like these old boards will be shut down on 8/5.
"This first stope was in the upper part of the F Shoot, which is one of the more moderate grade areas of the deposit. The higher grade areas within the B Shoot are scheduled to be accessed in early 2017. Ore from Wassa Underground will be mined in conjunction with ore from the Wassa Main pit and blended for feeding to the processing plant."
This is what will drive future sp gains.
shouldn't that be "too" comfortable or "too" greedy?
Do you really expect people to listen to you?
do you have any sort of education?
you dang well better hope not. Not for a couple of years.
I've spent too much time here exposing the criminal stock manipulators, and finally freeing this stock.
I won't let this go for a buck and 4 bits.
you've been exposed, and I'm proud to have busted your sleazy, criminal game.
I got so sick of making a fool out of windy, that I started feeling sorry for her.
beware, you are being watched even over here.
I'll be back from time to time.