TORONTO, Oct 29 (Reuters) - Goldcorp Inc G.TO GG.N , the
world's biggest gold miner by market value, reported a bigger
third-quarter loss on Thursday, as an inventory writedown and
declining bullion prices offset a 42 percent increase in
production.
The Vancouver-based miner said its net loss widened to $192
million, or 23 cents a share, from $44 million, or 5 cents a
share, in the same period last year.
The adjusted loss was $37 million, or 4 cents a share,
compared with an adjusted profit of $70 million, or 9 cents a
share. The adjusted loss included a reduction in the carrying
values of inventory stockpiles of $40 million, or 5 cents a
share.
Analysts, on average, expected Goldcorp to earn an adjusted
profit of 4 cents a share, according to Thomson Reuters I/B/E/S.