Goldcorp downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Goldcorp based on expectations for increased capex and lower production growth due to Penasquito issues. Price target lowered to $45 from $58.
Stocks with call strike movement; TWTR GG Twitter (TWTR) December 32 call option implied volatility decreased 4% to 55, Goldcorp (GG) January 15 call option implied volatility decreased 2% to 53 according to IVolatility.
Goldcorp announces work stoppage at Cerro Negro mine Goldcorp announced a work stoppage by miners represented by the Asociacion Obrera Minera Argentina, Province of Santa Cruz delegation at the Cerro Negro mine. A comprehensive contingency plan is in place during this shutdown of operations that will enable mining and processing to be restarted immediately following the return of the workforce. Our focus is on personnel safety, environmental protection and full permit compliance. The work stoppage began on September 30, 2015. The Company is seeking support from the Ministry of Labour at the federal level to request a conciliation period of fifteen working days during which time the parties would expect to negotiate and work towards a resolution. Assuming the request is granted, the workers would be expected to resume work in short order while the parties meet. Goldcorp is committed to working cooperatively with employee representatives and government officials to resolve this dispute quickly.