The Goldcorp Red Lake Mine continues to be a strong performer.
The company says the recent second quarter was one of the best yet for the mine and it continues to beat expectations.
Goldcorp CEO Rob McEwen expects at the current rate, the mine will produce 500-thousand ounces of gold this year at a cash cost of 65 dollars per ounce.
Those numbers are up slightly from a previous 2002 production forecast.
McEwen adds the company also has a strong balance sheet and is debt free.