Day: February 25, 2011

OTTAWA – Goldcorp Inc. (TSX:G) hopes to grow its production by 60 per cent to four million ounces a year over the next five years as it brings several projects on stream.

Goldcorp Inc. (GG) reported solid fourth-quarter 2010 results. Reported net earnings in the quarter were $331.8 million compared with $66.7 million in the fourth quarter of 2009. Adjusted net earnings were $417.1 million, or 57 cents per share compared with $182.7 million, or 25 cents per share in the fourth quarter of 2009. Results exceeded the Zacks Consensus Estimate of 49 cents.

Yesterday, the stock of Excellon Resources Inc. (TSE:EXN, EXN message board), (PINK:EXLLF) fell below the psychological barrier of $1 again. It seems that presently EXN is not very attractive for those who bet on the long position. In case you are investor, it would be probably wise to wait for a better time before taking the firm decision to go for buying.

NEW YORK, Feb. 25, 2011 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that Musgrove Minerals Corp. (TSX.V: MGS; OTCQX: MGSGF), a Canadian-based mining and exploration company, is now trading on the OTC market’s highest tier, OTCQX®.