Goldcorp stock trends lower on earnings drop

The NYSE-listed stock of mining major Goldcorp trended lower on Thursday after the company reported a significant net loss for the fourth quarter ended December 31. The world’s largest gold miner by market valuation reported a net loss of $2.4-billion, or $2.94 a share, compared with a net loss of $1.1-billion, or $1.34 a share, in the fourth quarter of 2013.