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Goldcorp 2006 Net Earnings increase 43% to $408.3 Million
Thursday March 8, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 8, 2007 -- (All figures are in US dollars unless stated otherwise)
Goldcorp Inc. (Toronto:G.TO - News)(NYSE:GG - News) is pleased to announce its 2006 annual results, highlights of which are:
Net earnings increased to $408.3 million, or $0.94 per share, compared to $285.7 million, or $0.91 per share, in 2005. Adjusted net earnings (1) amounted to $434.2 million, or $1.00 per share, for 2006.
- Operating cash flows increased substantially to $791.3 million, or $1.82 per share, compared to $465.8 million in 2005.
- Gold production increased nearly 50% to 1,693,300 ounces compared to 1,136,300 ounces in 2005.
- Total cash costs of $33 per ounce (net of by-product copper and silver credits), compared to $22 per ounce in 2005. (2)
- Dividends paid of $79.1 million in 2006.
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