Analysts Bullish On Goldcorp, Silver Wheaton After Positive Penasquito Reserve Update
by: admin, June 26, 2007
Goldcorp Inc. (NYSE: GG - News) is considering the prospect of an expansion at its Penasquito project in Mexico after the company’s latest reserves update promised a significant increase in production.
Goldcorp announced that gold contained at Penasquito increased by 30% to 13-million ounces, silver increased by 50% to 864-million ounces and zinc and lead increased by 60% to 12.8-billion pounds.
Source: Seeking Alpha on Yahoo Finance
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