Goldcorp Reporting Second Quarter Loss

Goldcorp is reporting a $1.93-billion net loss in the second quarter, which it says resulted from the writedown of a major Mexican operation.
The Vancouver-based mining company says it would have been profitable in the second quarter without the writedown of the
Mexican.
However, Goldcorp’s adjusted earnings for the second quarter were about half what they were last year, dropping to $117-million from $332-million.
On a per-share basis, the adjusted profit fell even more, to 14-cents U.S. from 41 cents in the second quarter of 2012.