Mineweb reported that Goldcorp forecasts its silver output will be between 29 million and 31 million ounces and are adopting an “all-in sustaining cash cost strategy.”
As quoted in the market report:
Cash costs are forecast at between $525 and $575 per ounce on a by-product basis and between $700 to $750 per ounce on a co-product basis. At metals prices of $27.60 per ounce of silver, $3.50 per pound copper, 94-cents per pound zinc and 94-cents per pound lead, Goldcorp has forecast an average five year by-product cash cost to remain below $500/oz.
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