Silver Wheaton trims guidance

Silver Wheaton has adjusted its 2011 attributable silver production to reflect a lower expected contribution from Goldcorp's Penasquito mine in Mexico, the company said on Thursday. Silver Wheaton pays producers upfront to buy silver output on a...

Goldcorp more than doubles adj earnings, cuts output target

Vancouver-based Goldcorp increased second-quarter adjusted net income by 111% compared with a year earlier, helped by increased gold sales and higher prices, but has lowered its gold production forecast for this year. The company said it now...

Silver Wheaton Q4 profit more than doubles, declares dividend

Vancouver-based Silver Wheaton increased fourth-quarter net income in 2010 by 142%, boosted by increased silver volumes and higher prices for the metal, and has announced its first ever dividend payment. The company pays producers upfront to buy...

Goldcorp earnings jump as output rises, hikes dividend again

Goldcorp, Canada's number-two gold miner, increased fourth-quarter adjusted net earnings by 128% year-on-year, after production and gold prices both rose, and also announced on Thursday it has raised its dividend again, this time by 11%....

Silver may top $30/oz – Silver Wheaton CEO

The price of silver will likely go through the $30/oz level and could jump as high as $50/oz in the coming years, Silver Wheaton CEO Peter Barnes said in an interview on Canada's Business News Network on Wednesday. “I think it is definitely...

Goldcorp expects Eleanore construction decision by yr-end

Vancouver-based Goldcorp is still aiming for a construction decision on its Eleanore gold project, in Quebec, before the end of this year, CEO Chuck Jeannes said on Wednesday. The Eleanore mine is expected to produce about 330 000 oz/y of gold,...

Peñasquito mine, Mexico

The Peñasquito mine, located in Zacatecas, will be Mexico's largest openpit mine.

Goldcorp makes senior management appointments

Canadian-miner Goldcorp announced a number of additions to its senior executive management team, including the appointment of David Deisley as its executive vice-president of corporate affairs. Previously, Deisley was vice-president and general...

Goldcorp completes line 2 at Peñasquito ahead of schedule

Vancouver-based Goldcorp has completed the construction of a second sulphide processing line at its Peñasquito mine in Mexico. The second 50 000-t/d line achieved mechanical completion ahead of its previously expected third-quarter completion...

Peñasquito mine, Mexico

The project consists of two openpits - Peñasco and Chile Colorado - that contain gold, silver, lead and zinc deposits. It will be Mexico's largest openpit mine.

Line 2 commissioning at Penasquito project to begin in June

Vancouver-based Goldcorp will probably start commissioning the second mill and flotation line at its Penasquito operation next month, Goldcorp COO for Mexico Barry Olson said in a presentation on Wednesday. The first 50 000 t/d line started up...

Penasquito on track for Q3 commercial production – Goldcorp

Goldcorp, the world's second-biggest gold-miner by market value, still expects to declare commercial production in the third quarter at its big new Penasquito mine in Mexico, the firm said on Friday. The company also revealed it plans to go ahead...