Chuck Jeannes, CEO of Goldcorp speaks at the Denver Gold Forum industry conference in Denver in this file photo taken September 24, 2013.Rick Wilking/Reuters
Goldcorp Inc.'s chief executive said his company is actively investigating assets and could make an acquisition if it so desired.
"We are always actively looking at assets and opportunities," Goldcorp CEO Chuck Jeannes said in an interview. "We are always looking around the world for assets."
Mr. Jeannes said the Vancouver-based gold company favored more stable parts of the world and dismissed "extremely high" political risk jurisdictions such as Russia and Kyrgyzstan.
Although Goldcorp is busy bringing three new mines into production, Mr. Jeannes said the Vancouver company still had the time and capacity to make a move for another asset.
"We certainly could do an acquisition if we wanted to," he said.
Earlier in the year, Goldcorp failed in its quest to buy Quebec's Osisko Mining. Two other Canadian gold companies saved Osisko from Goldcorp's hostile bid.
The company, which owns more than a dozen mines and projects in the Americas, is considered one of the healthier gold companies in the industry.
Mr. Jeannes made the comments after the company reported a second quarter profit of $181-million, or 22 cents a share, compared with the year-earlier loss of $1.93-billion, or $2.38 per share, when the miner had to write down its Penasquito mine in Mexico.
Like the rest of the gold industry grappling with the lower bullion prices, Goldcorp has had to cut costs and rework operations. The company said it managed to extract $74-million in savings from suppliers.
Rachelle Younglai