Goldcorp achieves 2013 gold production and cash cost forecasts.
Highlights
- Record gold production of 767,700 ounces in the fourth quarter, resulting in 2013 gold production of 2.67 million ounces, an increase of 11% over 2012.
- Forecast 2014 gold production to grow approximately 13-18%, to between 3.0 and 3.15 million ounces.
- 2014 all-in sustaining costs1 expected to decrease to between $950 and $1,000 per ounce.
- Gold production forecast to increase by approximately 50% over the next two years.
- Forecast reduction in all-in sustaining costs of 15-20% over the next two years.
- New life of mine plan for Peñasquito completed; updated NI 43-101 technical report filed today.
- Monthly dividend of $0.05 per share declared on January 6, 2014.
Goldcorp's year-end financial statements are scheduled to be released on February 13, 2014. The final calculation of capital and operating costs has not yet been completed, but all-in sustaining costs for the fourth quarter and 2013 are expected to be approximately $885 and $1,065 per ounce of gold, respectively. On a by-product and co-product basis, costs are expected to be approximately $560 per ounce of gold and $710 per ounce of gold respectively in 2013.
2014 Guidance
Price and cost assumptions used to forecast total cash costs and gold equivalent calculation for 2014 include: $1,200 per ounce for gold; by-product metals prices of $20.00 per ounce silver.
Read More:www.heraldonline.com/2014/01/08/5563346/goldcorp-achieves-2013-gold-production.html