Goldcorp reports loss on impairment, tax-related charges

Thu, 13 Feb - 11:49pm

Feb 13 (Reuters) - Goldcorp Inc reported a quarterly loss of more than $1 billion on Thursday due to impairment charges, deferred tax charges and other one-time items.

The Vancouver-based miner said its net loss in the fourth quarter was $1.1 billion, or $1.34 a share. That compared with a year-earlier profit of $504 million, or 47 cents a share.

Excluding all the one-time tax and impairment charges, along with reclamation and closure costs for Goldcorp's inactive mine sites, the company reported a profit of $74 million, or 9 cents a share, down from $465 million, or 57 cents a share, a year earlier, when precious metal prices were significantly higher.

(Reporting by Euan Rocha; Editing by Lisa Von Ahn)

((euan.rocha@thomsonreuters.com)(+1 416 941 8185)(Reuters Messaging: euan.rocha.reuters.com@reuters.net))

Keywords: GOLDCORP RESULTS/

URN: 
urn:newsml:reuters.com:20140213:nL2N0LI0S9:4
Topics: 
TAX RES PIA CMPNY CA COM PREC MINE METL POL DEAL1 LEN RTRS MRG PREMTL GEN BACT MIN GDM MCE BMAT GOL MTAL AMERS

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