Thursday, April 12, 2007

Goldcorp says focused on internal growth, costs

(Reuters) - TORONTO, April 12 - Goldcorp Inc. which has been struggling to increase profit in the wake of recent acquisitions, plans to ratchet down expenses and avoid more costly acquisitions as it tries to build reserves.

At a presentation for investors on Thursday, company officials said they planned to "invest through the drillbit", as they shift gears from a recent acquisition spree that was capped off last year with the $7.5 billion takeover of Glamis Gold.


Read more at Reuters.com Mergers News

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