Go figure, You would have to wonder how the SH's of Goldcorp feel after a day like today. Fantastic news from the company and we see the share price tank along with everything else. It does look however that the News may have not been out till after market close.
GOLDCORP ACHIEVES RECORD CASH FLOW; EARNINGS MORE THAN DOUBLE
VANCOUVER, Feb. 24 /CNW/ - Goldcorp Inc. (TSX: G) (NYSE: GG) today reported fourth quarter gold production of 689,600 ounces at a total cash cost(1) of $164 per ounce, leading to record operating cash flows before working capital changes(2) of $646.1 million. Reported net earnings in the quarter were $331.8 million compared to $66.7 million in the fourth quarter of 2009. Adjusted net earnings(3) were $417.1 million, or $0.57 per share, compared to $182.7 million, or $0.25 per share, in the fourth quarter of 2009.