https://www.miningweekly.com

Goldcorp achieves 2018 production guidance

14th January 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Vancouver-headquartered Goldcorp, which on Monday announced a $10-billion merger with gold major Newmont, produced 630 000 oz of gold in the fourth quarter of 2018, a 25% increase from the third quarter of 2018, and exceeding its previously stated guidance.

Production for the year ended 2018 was 2.29-million ounces, compared with a guidance of 2.28-million ounces.

All-in sustaining costs for the full year are expected to be at the revised guidance of $850/oz, the company said, noting that its complete 2018 financial results would be released on February 13.

Meanwhile, the pyrite leach project at Peñasquito, Mexico, achieved commercial production during December.

The project was completed under budget and ahead of schedule and was one of the first major projects completed using Goldcorp's investment framework.

Further, Goldcorp  cancelled its investor day, originally scheduled for January 18, owing to the merger with Newmont.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.124 0.17s - 121pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: