Goldcorp to remain focused on gold assets: CEO Chuck Jeannes says

Goldcorp will remain focused on its gold projects and will not look to broaden its portfolio thin stone machine for saleinto base metals, chief executive Chuck Jeannes said Thursday. "We're a gold mining company and we're committed to remaining a gold mining company," Jeannes told a conference call Thursday to discuss Goldcorp's first-quarter financial results.

Jeannes made the comments because he said the company has received many questions about its focus after a decision by Barrick Gold to make a $7.3-billion bid for copper miner Equinox Minerals last month. "Goldcorp has already completed the transactions necessary to underpin what we firmly believe is the best gold growth profile in the sector," he said. "So I believe that our gold focus should be obvious." "Don't expect changes to our long-standing strategy focused on growth, both organically and through disciplined acquisitions." The Vancouver-based gold miner, which keeps its books in U.S. dollars, said late Wednesday that 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...