The low price of gold has meant Canada’s Goldcorp slashing its dividend by 60 per cent in order for it to retain capital reserves.
The low price of gold has meant Canada’s Goldcorp slashing its dividend by 60 per cent in order for it to retain capital reserves. The firm’s profit would have been 8 cents per share or $65 million in the three months to the end of June but its sale of stocks in Tahoe Resources gave it a windfall to push profits to 47 cents per share or $392 million.
