VANCOUVER - Goldcorp Inc. (G.TO) is reporting sharply lower first-quarter net earnings on higher costs and lower gold production.
The company, which reports in U.S. dollars, says it earned $67 million or eight cents per share, compared with net earnings of $170 million or 20 cents per share in the same period of 2017.
Analysts had expected earnings of 11 cents per share, according to Thomson Reuters.
Revenue fell to $846 million from $882 million.
Goldcorp says gold production came in at 590,000 ounces at a cost of $810 per ounce, versus 655,000 ounces at a cost of $800 per ounce in the first quarter of 2017.
Goldcorp left unchanged its full-year 2018 guidance of 2.5 million ounces at a cost of $800 per ounce.
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