Goldcorp reports Q4 adjusted profit

Midtier miner Goldcorp posted fourth-quarter adjusted earnings of $61-million, or $0.07 a share, compared with $116-million, or $0.14 a share, a year earlier, the soon-to-be-bought company announced late on Wednesday. Goldcorp, which is being taken over by Newmont in a $10-billion stock-for-stock transaction, reported a net loss of $3.98-billion, or $4.58 a share. The company explained that the large loss was the result of a noncash impairment of $3.88-billion, which represents the difference between the book value of the company’s shareholder’s equity and the Newmont offer.