Saturday, February 27, 2016

Guest Post: Gold(corp) Losing It's Luster (G.TO)

Goldcorp Inc cuts dividend, lowers production guidance for next three years

Goldcorp Inc. slashed its dividend and lowered its production guidance for the next three years on Thursday as the company tries to maintain a strong balance sheet and faces unexpected problems at an Ontario project. The stock dropped 13 per cent on Friday in response to the news, closing at $18.73 in Toronto. It was the…