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Gold price to go up 50pct

Posted on 15 January 2014

Goldcorp forecast that the company’s gold production will grow by 13-18 per cent this year to between three million and 3.5 million ounces. In a press release issued, the Mexican mining company with concessions across South America predicted gold production would increase by 50 per cent over the next two years along with a reduction in an all-in sustaining cost of 15-20 per cent during that period.
For 2014, the company estimates that all-in sustaining costs will decrease to between $950 and $1,000 per ounce, compared to $1,065 per ounce in 2013. “Decreasing costs are expected to be driven by increasing grades and by-product production, lower costs of production Goldcorp’s continued overall focus on cost efficiencies through the Operating for Excellence programme,” said Goldcorp………………………………………..Full Article: Source


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