Hi Pat: I would like to add a gold stock to my portfolio and was considering either Goldcorp or Detour Gold. What is you view on these two stocks? Thank you so much.
Goldcorp, $21.13, symbol G on Toronto (Shares outstanding: 830.3 million; Market cap: $18.0 billion; www.goldcorp.com), is a Canadian-based gold miner. The company produces gold, silver and base metals. Its mines include Red Lake and three others in Canada (Porcupine, Musselwhite and Eleonore); Penasquito and Los Filos in Mexico; Marlin in Guatemala; the Cerro Negro and Alumbrera (37.5% interest) in Argentina; and Pueblo Viejo (40%) in the Dominican Republic. As well, Goldcorp has five projects in the development stage.
In 2015, the company produced 3.5 million ounces of gold, up 20.6% from 2.9 million ounces in 2014. The increase mostly came from the start up of the Cerro Negro gold/silver mine in January 2015 and the Eleonore gold mine in April 2015.
In the three months ended December 31, 2015, Goldcorp’s revenue rose 28.4%. That’s a jump from to $1.07 billion from $835.0 million, a year earlier. Cash flow rose 30.5%, to $338.0 million, or $0.41 a share, from $259.0 million, or…
Privacy Policy and Terms of Use
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What personal information do we collect?
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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