Goldcorp shares fall after gold miner cuts production guidance for 2012

The corporate logo of Goldcorp Inc. (TSX:G) is shown. THE CANADIAN PRESS/HO

July 11, 2012 - 10:14 AM

VANCOUVER - Shares of Goldcorp Inc. (TSX:G) fell nearly 10 per cent on Wednesday after the company cut its 2012 production guidance due to problems at its Red Lake mine in Ontario and Penasquito mine in Mexico. The stock was down $3.32 at $34.31 in trading on the Toronto Stock Exchange after it said after the close of markets Tuesday that expected to produce between 2.35 and 2.45 million ounces of gold for the year.

News from © The Canadian Press, 2012

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Goldcorp shares fall after gold miner cuts production guidance for 2012

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