GoldCorp forecasts lower costs for 2018; shares on track for nine-month high

Reuters | January 16, 2018 | 5:14 am Precious Metals Top Companies Canada Latin America Gold 
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Newmont’s Peñasquito mine in Mexico, one of the biggest silver mines in the world. (Image: Newmont Goldcorp via Flickr)

Canada’s gold producer GoldCorp Inc. said on Tuesday its all-in sustaining costs are expected to fall further to $800 per ounce in 2018 from $825 per ounce in 2017.

The company’s 2017 preliminary gold production of 2.6 million ounces was at the high end of its forecast range.

U.S.-listed shares of the company were up 5.5 per cent at $15.14 premarket, on track to hit a nine-month high when market opens.

(Reporting by Akshara P in Bengaluru; Editing by Anil D’Silva)

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