Despite posting a US$192 million net loss during the third quarter, Goldcorp
's (TSX: G; NYSE: GG) management team is telling investors to focus on what it labels "strong fundamentals."
The company churned out record quarterly gold production and generated around US$243 million in free cash flow over the past three months. President and CEO Chuck Jeannes pointed out that successful cost control measures and promising macro-economic conditions should contribute to brighter days ahead.
… "We remain well-positioned for a strong finish to a great year. The market performance of the gold miners has outperformed the price of gold over the last several months. Investors have begun to absorb the reality of improved operating and financial performance of the sector at a lower price environment," Jeannes commented during a conference call.
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