saucy doubts and fears

Goldcorp (GG) (G.to) files its year end financials

 So what about some highlights

  • If you take a happy medium, production forecast for 2016 is around 10% lower than the 2015 booked production
  • It’s cutting the dividend from 2c per month to 2c per quarter
  • It mined 3.4m oz gold in 2015, but in the same period reserves dropped by 8.9m oz.
  • It lost a over billion dollars on operations in the fourth quarter.
  • It took a $4.9Bn impairment.

But apart from that, great quarter! NR here.

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