Goldcorp Ups Capital Costs at Cerro Negro

Goldcorp’s (NYSE:GG, TSX:G) Cerro Negro mine in Argentina will cost up to a third more than previously budgeted, due to unexpected six-month delay to receive a permit for a power transmission line, The Financial Post reported.

As quoted in the market news:

The company said Thursday that it now expects Cerro Negro to cost between US$1.6-billion and US$1.8-billion, up as much as 33% from the prior target of US$1.35-billion.

Click here for the full article in the Financial Post