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Message: Goldcorp..

Goldcorp..

posted on Oct 31, 2008 04:37AM

Just keeping the board current with the gold major companies cash conditions...Barrick was posted earlier at $3.2 billion as of end of October..

Goldcorp came out this morning as of the end od September..about $1/2 billion but no dept...

Could let them have a little piece of KXL moosepasture for the half bil cash,I suppose...

As of end of Sept..



Third Quarter 2008 Highlights:

- Revenues increased 5% to $552.2 million on gold sales of 550,500 ounces.

- Cash flow before changes in working capital(2) increased by 14% to $237.3 million.

- Total cash costs(3) amounted to $346 per gold ounce for the third quarter and $298 per ounce year-to-date.

- Dividends of $32.1 million were paid during the quarter.

- The acquisition of Gold Eagle was completed.

- Cash and equivalents at September 30, 2008 were $454 million.

- Goldcorp remains debt-free.



Happy trading day..

Portee



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