Goldcorp cuts forecasted gold production, blames operating delays, drought

July 10, 2012 - 5:34 PM

VANCOUVER - Goldcorp Inc. (TSX:G) cut its 2012 gold production guidance Tuesday to between 2.35 and 2.45 million ounces from 2.6 million ounces. The company blamed operating delays at its Red Lake mine in Ontario and inadequate water supply at its Penasquito mine in Mexico for the reduced production.

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