Interesting snipits from G's announcement today - explains their interest in Gold Eagle and likely that they won't stop with this acquisition:

Goldcorp, which has operations in Canada and throughout Latin America, lost $9.2-million (U.S.), or 1 cent a share, in the quarter ended June 30. That compares with a profit of $2.9-million, or nil a share, in the year-before period.

Adjusted earnings were 12 cents a share, while analysts had expected a profit of 22 cents a share, before exceptional items.

Cash margins increased 18 per cent to $589 per ounce, as gold prices soared year over year.

However, the company cut its 2008 production outlook and raised its cash cost estimate.

It now expects to produce between 2.3 million and 2.4 million ounces, down from its previous expectation of 2.6 million ounces. Costs are expected at less than $300 an ounce, up from its previous estimate of $250 an ounce