Goldcorp adjusted profit falls on lower margins, higher tax
TORONTO, April 30 (Reuters) - Goldcorp Inc, the world's biggest gold producer by market value, reported a lower adjusted profit on Thursday, reflecting a lower realized margin on gold sales, a higher tax rate, and higher depreciation and depletion expenses.
The Vancouver, British Columbia-based miner reported adjusted profit of $12 million, or 1 cent a share, in the quarter ended March 31, down from $209 million, or 26 cents a share, in the same period last year.
Gold production grew to 724,800 ounces from 679,000 ounces. (Reporting by Susan Taylor)
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