IKN

Hereditary sloth instructs me

Goldcorp (GG) earnings

The NR is linked here and the numbers weren’t bad, first pass eyeballing at least. Cash costs at $660/oz (co-product basis) was a little high, but that’s more about the drop in other metal prices than operational issues, I’d best-guess. Anyway, here’s the basic earnings per share chart…

…and GG hit 61c in 3q12, not bad. Compare that to the two year share price chart if you like:

I reckon GG will make $45 again (at least), so there’s 10% to pick up if you want it. Just don’t expect the stock to rally there in one day. Anyway, reasonable quarter and that 2q12 trough is now history. Now off to stare at the NR a little harder.

UPDATE: GG up 5+% in early trading

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