Analysts Bullish On Goldcorp, Silver Wheaton After Positive Penasquito Reserve Update

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