Goldcorp's El Morro site in Chile
Goldcorp Inc. reported a second-quarter profit of $826.7-million (U.S.) on Wednesday, boosted by the sale of its Escobal silver deposit in Guatemala.
The Vancouver-based gold miner said it earned $1.11 per diluted share for the quarter ended June 30 compared with a loss of $232.4-million or 32 cents per diluted share a year ago.
Revenue totalled $844.3-million, up from $628.6-million.
Included in the results was a $426-million gain on asset sales and a $192-million gain on foreign exchange. The year-ago results included a $326.3-million charge related to foreign exchange.
During the quarter, Goldcorp sold 598,000 ounces of gold at an average realized price of $1,208 per ounce, compared with 564,800 ounces at $927 per ounce a year ago.