Dominion Lending Centres Clearlease Reports Goldcorp. Inc. (TSX:G) more than doubled its most recent quarterly profit

Dominion Lending Centres Clearlease Reports Goldcorp. Inc. (TSX:G) more than doubled its most recent quarterly profit

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Goldcorp. Inc. (TSX:G) more than doubled its most recent quarterly profit compared with a year ago, boosted by the sale of its stake in Osisko Mining Corp. Shares in Goldcorp, which reported its results after the close of markets May 4, 2011, were up eight cents at C$48.77 on the Toronto Stock Exchange on Wednesday.

The Vancouver-based gold miner, which keeps its books in U.S. dollars, said Wednesday it earned $651 million or 81 cents per diluted share for the quarter ended March 31 compared with a profit of $247 million or 29 cents per diluted share a year ago.

Revenue totalled US$1.22 billion, up from $718 million.

The company’s average realized gold price for the quarter was US$1,394 per ounce, up from $1,111 a year ago, while gold production totalled 637,600 ounces for the quarter, up from 600,100 in the first three months of 2010.

Excluding one-time items, including the US$530-million Osisko sale, the company reported adjusted earnings from continuing operations of $397 million or 50 cents per share.

The average analyst estimate had been for a profit of 47 cents per share, according to those surveyed by Thomson Reuters.

Goldcorp has mines and exploration and development projects in Canada, the United States, Mexico, Guatemala and Argentina. The company employs more than 14,000 people.

In April, it updated a feasibility study that doubled proven and probable gold reserves at its recently acquired Cerro Negro project in Argentina to 4.3 million ounces.

The Vancouver-based miner said it expects annual gold production of 550,000 ounces in the first five years of the mine’s operation, with average cash costs of less than US$200 per ounce in that period.

Over the full, 12-year mine life, based only on existing reserves, annual production is expected to average 340,000 ounces per year at cash costs of approximately US$290 an ounce.

Total capital cost are expected to be US$750 million to full production in 2013.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Goldcorp. Inc. (TSX:G) more than doubled its most recent quarterly profit

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Goldcorp. Inc. (TSX:G) more than doubled its most recent quarterly profit compared with a year ago, boosted by the sale of its stake in Osisko Mining Corp. Shares in Goldcorp, which reported its results after the close of markets May 4, 2011, were up eight cents at C$48.77 on the Toronto Stock Exchange on Wednesday.

The Vancouver-based gold miner, which keeps its books in U.S. dollars, said Wednesday it earned $651 million or 81 cents per diluted share for the quarter ended March 31 compared with a profit of $247 million or 29 cents per diluted share a year ago.

Revenue totalled US$1.22 billion, up from $718 million.

The company’s average realized gold price for the quarter was US$1,394 per ounce, up from $1,111 a year ago, while gold production totalled 637,600 ounces for the quarter, up from 600,100 in the first three months of 2010.

Excluding one-time items, including the US$530-million Osisko sale, the company reported adjusted earnings from continuing operations of $397 million or 50 cents per share.

The average analyst estimate had been for a profit of 47 cents per share, according to those surveyed by Thomson Reuters.

Goldcorp has mines and exploration and development projects in Canada, the United States, Mexico, Guatemala and Argentina. The company employs more than 14,000 people.

In April, it updated a feasibility study that doubled proven and probable gold reserves at its recently acquired Cerro Negro project in Argentina to 4.3 million ounces.

The Vancouver-based miner said it expects annual gold production of 550,000 ounces in the first five years of the mine’s operation, with average cash costs of less than US$200 per ounce in that period.

Over the full, 12-year mine life, based only on existing reserves, annual production is expected to average 340,000 ounces per year at cash costs of approximately US$290 an ounce.

Total capital cost are expected to be US$750 million to full production in 2013.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Goldcorp. Inc. (TSX:G) more than doubled its most recent quarterly profit

VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports Goldcorp. Inc. (TSX:G) more than doubled its most recent quarterly profit compared with a year ago, boosted by the sale of its stake in Osisko Mining Corp. Shares in Goldcorp, which reported its results after the close of markets May 4, 2011, were up eight cents at C$48.77 on the Toronto Stock Exchange on Wednesday.

The Vancouver-based gold miner, which keeps its books in U.S. dollars, said Wednesday it earned $651 million or 81 cents per diluted share for the quarter ended March 31 compared with a profit of $247 million or 29 cents per diluted share a year ago.

Revenue totalled US$1.22 billion, up from $718 million.

The company’s average realized gold price for the quarter was US$1,394 per ounce, up from $1,111 a year ago, while gold production totalled 637,600 ounces for the quarter, up from 600,100 in the first three months of 2010.

Excluding one-time items, including the US$530-million Osisko sale, the company reported adjusted earnings from continuing operations of $397 million or 50 cents per share.

The average analyst estimate had been for a profit of 47 cents per share, according to those surveyed by Thomson Reuters.

Goldcorp has mines and exploration and development projects in Canada, the United States, Mexico, Guatemala and Argentina. The company employs more than 14,000 people.

In April, it updated a feasibility study that doubled proven and probable gold reserves at its recently acquired Cerro Negro project in Argentina to 4.3 million ounces.

The Vancouver-based miner said it expects annual gold production of 550,000 ounces in the first five years of the mine’s operation, with average cash costs of less than US$200 per ounce in that period.

Over the full, 12-year mine life, based only on existing reserves, annual production is expected to average 340,000 ounces per year at cash costs of approximately US$290 an ounce.

Total capital cost are expected to be US$750 million to full production in 2013.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

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