I agree with your utter bige statement. Goldcorp is down $2.51 today.

Canada Newswire

Toronto Stock Exchange: G New York Stock Exchange: GG

(All Amounts in $US unless stated otherwise)

VANCOUVER, July 27, 2011 /CNW/ - Goldcorp Inc. (TSX: G) (NYSE: GG) today reported operating cash flows before working capital changes1 of $717 million for the second quarter of 2011 based on gold production of 597,100 ounces at a total cash cost2 of $185 per ounce. Adjusted net earnings from continuing operations3 in the quarter increased to $420 million, or $0.52 per share, compared to $199 million, or $0.27 per share, in the second quarter of 2010. Reported net earnings from continuing operations were $489 million compared to $524 million in the second quarter of 2010.

Second Quarter 2011 Highlights

• Revenues increased 62% over the 2010 second quarter, to $1.3 billion, on gold sales of 606,400 ounces.
  
  
• Operating cash flow before working capital changes increased 84% over the 2010 second quarter, to $717 million or $0.90 per share.
  
  
• Adjusted net earnings increased 111% over the 2010 second quarter, to $420 million or 0.52 per share.
  
  
• Average realized gold price increased 25% over the 2010 second quarter, to $1,516 per ounce.
  
  
• Cash costs totaled $185 per ounce on a by-product basis and $553 per ounce on a co-product basis.
  
  
• Dividends paid amounted to $82 million.
  
  
• Quarter end cash balance of $1.4 billion; net cash position of $516 million.