A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Goldcorp's new CEO David Garofalo took the helm at the end of February, shortly after the gold mining company posted a $4.2 billion loss for 2015, revised its production guidance downward and reclassified millions of reserve ounces as resources. Because the company has a strong balance sheet with significant free cash flow, it has the ability to comfortably finance these projects while continuing to de-leverage its balance sheet, Garofalo explained. Because of our scale, we need 5-million-oz deposits to perpetuate our business and shovel-ready jobs of that scale are few and far between.
Goldcorp's new CEO David Garofalo took the helm at the end of February, shortly after the gold mining company posted a $4.2 billion loss for 2015, revised its production guidance downward and reclassified millions of reserve ounces as resources. Because the company has a strong balance sheet with significant free cash flow, it has the ability to comfortably finance these projects while continuing to de-leverage its balance sheet, Garofalo explained. Because of our scale, we need 5-million-oz deposits to perpetuate our business and shovel-ready jobs of that scale are few and far between.
The Goldcorp Reboot
Steve Fiscor (author)
2016
Article (Journal)
English
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