Goldcorp's Growth Strategy
I like the growth strategy of Goldcorp (NYSE:GG) as outlined by CEO Charles Jeannes, who sees the company more than doubling its gold production through 2018, but isn't looking for major expansion beyond that.
Using major rivals like Barrick Gold (TSE:ABX) and Newmont Mining (NYSE:NEM) as examples, Jeannes said when a gold producer reaches the levels those two companies have, wit Barrick projected to produce about 8 million ounces this year, and Newmont 5.5 million ounces, it gets hard to know how to grow a gold production company once those figures are reaced.
The projections of Goldcorp are they'll reach production levels of about 3.8 million ounces in 2014, and will grow to the approximate 5 million ounces over the next three or four years after that.
Goldcorp's Growth Strategy
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