Goldcorp posts loss on noncash forex charge

Canada’s second-biggest gold-miner, Goldcorp, reported a $231,6-million net loss for the second quarter, compared with a $9,2-million loss in the same period last year, after recording a noncash foreign exchange loss on the revaluation of future income tax liabilities.

Excluding this charge, adjusted net earnings were $99,2-million, compared with $83,2-million a year earlier, the firm said on Wednesday.

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