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« Reply #15 on: January 10, 2011, 06:28:08 PM »

GOLDCORP ACHIEVES RECORD GOLD PRODUCTION AT ESTIMATED CASH COSTS OF $285 PER OUNCE; FIVE-YEAR GOLD PRODUCTION GROWTH PROFILE INCREASES TO 60%

January 10, 2011

GOLDCORP INC. (TSX: G, NYSE: GG) today announced 2010 gold production and provided production and cash cost guidance for the 2011 year and the five-year period ending 2015.

Highlights

    -   Total 2010 gold production increased to a record 2.52 million ounces.
    -   Fourth quarter 2010 gold production totaled 686,300 ounces.
    -   Total 2011 gold production forecast to grow to 2.7 million ounces.
    -   Five-year gold production expected to increase 60% (70% on a gold
        equivalent basis).
    -   Cash costs to continue downward trend below $300 per ounce over the
        next five years.
    -   Six new mines over the next five years to fuel growth beyond 2015.

Goldcorp's year-end financial statements are expected to be released on February, 24, 2010. The final calculation of operating costs for 2010 has not yet been completed, but total cash costs(1) are expected to be approximately $285 per ounce of gold on a by-product basis and less than $450 per ounce of gold on a co-product basis, beating guidance on both measures. After payment of $765 million in cash consideration as part of the Andean transaction which closed on December 30, 2010, the Company ended the year with over $530 million in cash.

"2010 was a year of mine development success as we completed construction of the Penasquito mine in Mexico, as well as one of portfolio enhancement as we took several steps to improve our mix of assets for the long-term," said Chuck Jeannes, President and Chief Executive Officer. "Goldcorp remains the fastest-growing and lowest cost senior gold producer, and our progress during the year has further enhanced these competitive advantages as we enter 2011.

http://markets.chron.com/chron/news/read?GUID=16498722
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« Reply #16 on: February 09, 2011, 06:42:14 PM »

GOLDCORP GOLD RESERVES INCREASE 23%

FEBRUARY 9, 2010

GOLDCORP INC. (TSX: G, NYSE: GG) today announced that 2010 proven and probable gold reserves increased by 23% to 60.1 million ounces, the seventh consecutive year that the Company has increased gold reserves. Measured and indicated gold resources also increased 13% to 25.7 million ounces in 2010. The Company also reported one of the largest silver holdings in the sector with proven and probable silver reserves and measured and indicated silver resources of 1.3 billion ounces and 457.6 million ounces, respectively.

Highlights: Recent vein discoveries at Cerro Negro nearly double gold reserves and resources. Higher grade resources at the Marianas and San Marcos veins drive an increase to a total 2.7 million ounces of measured and indicated gold resource and 720,000 ounces of inferred gold resource, in addition to the existing 2.1 million ounces of proven and probable gold reserves. Further growth at Cerro Negro is anticipated from the extension of open-ended mineralization in several veins as well as further expansion of recent drill intercepts and testing of several other identified surface targets.

A feasibility study update analyzing a doubling of mill throughput is expected to be complete at the end of the first quarter. Investments in mine development and infrastructure at Red Lake result in successful reserves growth. Strong gold reserve additions in the High Grade Zone contributed to an overall increase in proven and probable gold reserves at Red Lake to over four million ounces. First gold resource at Cochenour. An initial inferred gold resource of 2.7 million ounces has been derived from drilling of primarily the upper portions of the deposit. Initial gold reserve declared at Éléonore. Conversion of measured and indicated gold resources adds over three million ounces to proven and probable gold reserves.

This reserve and the updated resource will form the basis for an updated pre-feasibility study by the end of February. El Morro reserve and resource increases contribute further upside to world-class project in Chile. Proven and probable gold reserves increase 22% to 5.7 million ounces and proven and probable copper reserves increase 8% to 4.3 billion pounds (70% basis).

The following accounts for the changes in gold reserves year over year:
Proven and probable reserves as of January 1, 2010
48.8 moz
Mined ounces during 2010 (including mining depletion)
(3.0)
Discovered ounces and converted resources during 2010
6.9
Net metal prices/engineering
0.5
Acquisitions and dispositions
6.9
Proven and probable reserves as of January 1, 2011
60.1 moz

“Strong growth in reserves and resources in 2010 underscores the continued success of Goldcorp’s strategy to complement organic growth in our existing districts with disciplined acquisitions,” said Chuck Jeannes, President and Chief Executive Officer. “Of the gold ounces we added through our drilling and planning efforts, we are particularly pleased that investments in exploration and development to ensure the long-term future of Red Lake and advance the Éléonore project have been so successful. Strong execution of our exploration programs at these operations and throughout the asset portfolio have resulted in this growth in gold reserves at finding costs of less than $15 per gold ounce.

“Among gold ounces we acquired during 2010, the updated resource at Cerro Negro supports the accretive metrics of our acquisition of Andean Resources as well as expectations for a significantly larger operation and a long-lived source of high quality gold production for the Company. An updated feasibility study based on more than a doubling of the current 1,850 tonne per day throughput is planned to be released in early April. An aggressive drilling program is underway that is expected to further increase reserves and resources through expansion of existing deposits as well as discoveries of new veins within this significant land package.

”Goldcorp’s gold reserves have now increased in each of the last seven years. Importantly, in both the last year and throughout the entire seven-year period, our gold reserves have grown significantly not only in absolute terms but also on a per share basis. This accretive growth represents true value for our shareholders.”

http://www.kitco.com/pr/2014/article_02092011171442.pdf
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« Reply #17 on: July 28, 2011, 12:41:54 AM »

Goldcorp Revenues Increase 62%.

July 27, 2011

GOLDCORP INC. today reported operating cash flows before working capital changes1 of $717 million for the second quarter of 2011 based on gold production of 597,100 ounces at a total cash cost2 of $185 per ounce. Adjusted net earnings from continuing operations3 in the quarter increased to $420 million, or $0.52 per share, compared to $199 million, or $0.27 per share, in the second quarter of 2010. Reported net earnings from continuing operations were $489 million compared to $524 million in the second quarter of 2010.

Second Quarter 2011 Highlights

Revenues increased 62% over the 2010 second quarter, to $1.3 billion, on gold sales of 606,400 ounces.

Operating cash flow before working capital changes increased 84% over the 2010 second quarter, to $717 million or $0.90 per share.

Adjusted net earnings increased 111% over the 2010 second quarter, to $420 million or 0.52 per share.

Average realized gold price increased 25% over the 2010 second quarter, to $1,516 per ounce.

Cash costs totaled $185 per ounce on a by-product basis and $553 per ounce on a co-product basis.

Dividends paid amounted to $82 million.

Quarter end cash balance of $1.4 billion; net cash position of $516 million.

Added to the NASDAQ OMX CRD Global Sustainability Index.


http://www.kitco.com/pr/2014/article_07272011172805.pdf
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« Reply #18 on: December 05, 2011, 07:24:53 PM »

Goldcorp Declares Twelfth Monthly Dividend Payment For 2011

December 05, 2011

GOLDCORP INC. is pleased to declare its twelfth monthly dividend payment for 2011 of $0.045 per share. Shareholders of record at the close of business on Friday, December 16, 2011 will be entitled to receive payment of this dividend on Friday, December 23, 2011. This payment reflects a 32% increase in the Company's annual dividend announced on December 5th, 2011, the third increase in the Company's dividend in the last 13 months. Goldcorp has paid a monthly dividend to its shareholders since 2003.

http://insurancenewsnet.com/article.aspx?id=308241&type=newswires
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« Reply #19 on: March 30, 2012, 11:37:37 PM »

Goldcorp's 2011 Annual Report and Other Documents Now Available

March 30, 2012

GOLDCORP INC., announced that its 2011 Annual Report is now available on SEDAR, EDGAR, and its website at www.goldcorp.com. In addition, Goldcorp's Annual Information Form and Form 40-F report have been filed on EDGAR and SEDAR, respectively.  Furthermore, a new National Instrument 43-101 technical report has been filed for each of Goldcorp's Éléonore Project and Pueblo Viejo Project (40%).  There are no material differences between the mineral reserve and mineral resource estimates contained in Goldcorp's news release dated February 15, 2012 pertaining to these projects, from those contained in the new technical reports filed.

http://finance.yahoo.com/news/goldcorps-2011-annual-report-other-013600640.html

2011 Annual Report

http://www.goldcorp.com/Theme/GoldCorp/files/Goldcorp_AR%202011_L.pdf
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« Reply #20 on: June 18, 2012, 11:44:17 PM »


Goldcorp to release 2012 second quarter results and host conference call and webcast on July 26th

June 16, 2012

GOLDCORP INC. (G.TO) (GG) will release second quarter results prior to market open on Thursday, July 26th, 2012.
 
A conference call will be held Thursday, July 26th at 10:00 a.m. (PT) to discuss the results.  Participants may join the call by dialing toll free 800-355-4959 or 416-695-6617 for calls outside Canada and the U.S.  A recorded playback of the call will be available until August 26, 2012 by dialing 800-408-3053 or 905-694-9451 for calls outside Canada and the US.  Conference ID#:  8145864.

http://finance.yahoo.com/news/goldcorp-release-2012-second-quarter-231800349.html
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« Reply #21 on: February 15, 2013, 09:19:05 AM »


Goldcorp Announces Strong Quarterly Cash Flow And Earnings

February 15, 2013

Goldcorp reported record fourth quarter gold production of 700,400 ounces compared to gold production of 687,900 ounces in the fourth quarter of 2011.  Reported net earnings in the quarter were $504 million, or $0.62 per share compared to $405 million, or $0.50 per share in the same period a year ago.  Adjusted net earnings1 were $465 million, or $0.57 per share compared to $531 million, or $0.66 per share in the same period a year ago. Operating cashflows before working capital changes2 totaled $721 million compared to $831 million in the fourth quarter of 2011.
 
Fourth Quarter 2012 Highlights
 •Revenues totaled $1.4 billion on gold sales of 645,100 ounces.
 •Operating cash flows before working capital changes totaled $721 million or $0.89 per share.
 •Adjusted net earnings totaled $465 million, or $0.57 per share.
 •All-in sustaining cash costs totaled $910 per ounce, $360 per ounce on a by-product cash cost4 basis, and $621 per ounce on a co-product cash cost4 basis.
 •Dividends paid amounted to $110 million.  Annual dividend increased 11% to $0.60 per share.

http://finance.yahoo.com/news/goldcorp-announces-strong-quarterly-cash-224400324.html
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« Reply #22 on: October 24, 2013, 10:42:14 AM »


Goldcorp Reports 2013 Third Quarter Results

October 24, 2013

GOLDCORP INC. today reported adjusted quarterly revenues1 of $1.2 billion, generating adjusted net earnings1,2 of $190 million, or $0.23 per share, compared to $441 million, or $0.54 per share, in the third quarter of 2012.  Revenues were $929 million and net earnings were $5 million in the quarter compared to net earnings of $498 million in the third quarter of 2012.  Adjusted operating cash flow1,3 was $375 million, or $0.46 per share, compared to $686 million, or $0.85 per share, in the third quarter of 2012.

Third Quarter 2013 Highlights
•Adjusted revenues totaled $1.2 billion.
•Gold sales totaled 652,100 ounces1 on gold production of 637,100 ounces.
•All-in sustaining costs totaled $9921,4 per ounce; cash costs totaled $551 per ounce on a by-product basis1,5 and $706 per ounce on a co-product basis1,5.
•Adjusted operating cash flow totaled $375 million, or $0.46 per share.
•Adjusted net earnings were $190 million, or $0.23 per share.
•Dividends paid amounted to $122 million.
•Revised initial cost and schedule at Cerro Negro project in Argentina to affect 2014 outlook.
•Amendments to the Special Lease Agreement ("SLA") for the Pueblo Viejo mine were ratified by the President of the Dominican Republic.
•Signed the Obishikokaang Collaboration Agreement on behalf of the Red Lake Mine with the Lac Seul First Nation.

"Operations throughout our portfolio performed as planned during the third quarter and we remain on track to achieve our annual production and cost guidance," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. "Most importantly, our focus on operational discipline and cost containment delivered positive results. Most of our mines saw meaningful reductions in costs compared to the previous quarter, with particularly impressive improvement at some of our higher-cost operations such as Porcupine in Ontario.  The operating teams at each mine have continued to implement innovative ways of adding value consistent with our Operating for Excellence program, and as additional initiatives take hold we look forward to a positive impact on our financial results.  Two of our three current development projects are set to begin contributing to our low-cost production profile in 2014, and given our strong balance sheet and low debt levels, we will enter this new growth phase an efficient, well-capitalized organization with our peak year of capital spending behind us.

"The pace of development at Éléonore and Cochenour is especially impressive, and the team at Cerro Negro in Argentina deserves special mention for the progress they made this quarter in a challenging environment.  However, factors in Argentina, including permitting delays, an unsustainable foreign exchange rate and uncertainty with respect to provincial taxation demands continue to present significant challenges to our project.  In response, we have suspended exploration and deferred certain development activities at Cerro Negro, and we are revising our guidance for first gold production and capital costs. We are in the midst of our planning and budgeting process for 2014 and, despite the delay at Cerro Negro, we continue to anticipate strong company-wide production growth in 2014 along with reduced all-in sustaining costs, which should drive higher margins and operating cash flow."

http://finance.yahoo.com/news/goldcorp-reports-2013-third-quarter-120000540.html
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« Reply #23 on: January 13, 2014, 09:51:47 AM »


Goldcorp Bids C$2.6 Billion For Osisko Mining

January 13, 2014

Goldcorp has made a C$2.6bn (US$2.4bn) unsolicited offer for a rival Canadian gold miner, in a move that shows how some miners hope to take advantage of low valuations in the sector to bolster their growth. Goldcorp, which vies with Barrick Gold as the world’s most valuable gold miner by market capitalisation, said its cash and shares offer for Osisko Mining Corporation would support its cash flow as it completes construction of a trio of mines.
High quality global journalism requires investment. The offer also underscores Goldcorp’s strategy of sticking to assets in the Americas, which it sees as a lower-risk region for investments. Osisko’s only mine in production is Malartic in the Canadian province of Quebec. A deal for Osisko would increase Goldcorp’s annual gold production by about 18 per cent. “Our clear preference remains to engage with Osisko, as we strongly believe in the compelling strategic and financial merits of this transaction to the mutual benefit of both companies’ shareholders,” said Goldcorp.

Goldcorp is offering 0.146 of its own shares plus C$2.26 in cash for each Osisko share. Based on Goldcorp’s share price last week, the offer represents a 15 per cent premium to Osisko’s closing share price last week, according to Goldcorp. “From a financial and strategic perspective, this offer represents a compelling transaction that is consistent with our strategy of improving the overall quality of our portfolio,” said Chuck Jeannes, Goldcorp’s chief executive. “Goldcorp shareholders will benefit from a long-lived, high-quality gold mine with low all-in sustaining costs capable of generating long-term free cash flows.”

Goldcorp’s Eléonore mine, also in Quebec, is due to open this year and Goldcorp said it would get some synergies from the combination with Osisko’s Canadian assets. Goldcorp produced about 2.67m ounces of gold last year while Osisko has said its 2013 output would be about 484,000 oz. Goldcorp has 67m oz of gold reserves across its 20 mines while Malartic has 10m oz of reserves.

http://www.ft.com/cms/s/0/20a60d0a-7c48-11e3-b514-00144feabdc0.html#axzz2qI2d59ga


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« Reply #24 on: February 13, 2014, 09:41:59 AM »


Goldcorp Posts 4Q Loss, Cuts Gold Reserves 15%

February 13, 2014
   
Goldcorp Inc. reported a fourth-quarter loss of $1.1 billion, or $1.34 per share, compared to net earnings of $504 million, or 62 cents per share, in the fourth quarter of 2012 mostly due to declining gold prices and impairment charges. 

The company recorded $763 million of tax charges due primarily to the recently enacted Mexico income laws effective Jan. 1, 2014. Goldcorp said they also recorded impairment charges of $443 million, net of tax, including a $276 million impairment at Alumbrera due primarily to changes in short-term metal price assumptions.

Adjusted net earnings dropped to $74 million, or 9 cents per share, compared to net earnings of $465 million, or 57 cents per share, for the fourth quarter of 2012. Adjusted quarterly revenues were $1.2 billion compared to adjusted revenues of $1.4 billion, the company said.

The company saw a decrease in gold reserves of 15% depletion from mining during the year, the use of a lower gold price assumption of $1,300 per ounce in calculating reserves and a focus on high-margin gold production in a lower metals price environment, Goldcorp said. Goldcorp noted proven and probable silver mineral reserves totaled 818 million ounces, representing one of the largest silver reserves in the industry. Proven and probable gold mineral reserves totaled 54 million ounces.

Adjusted operating cash flow was $439 million, or 54 cents per share, compared to $723 million, or 89 cents per share, for the fourth quarter of 2012. Goldcorp reported record fourth-quarter gold production of 768,900 ounces, compared to gold production of 700,400 ounces for the fourth quarter of 2012, and dividends paid to a total of $121 million.
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« Reply #25 on: April 10, 2014, 11:17:47 AM »


Goldcorp Increases Its Bid For Osisko To C$3.6 Billion

April 10, 2014
   
Goldcorp Inc. continues its push to take over Osisko Mining Corp. (TSX:OSK) and announced that it is increasing its offering to $7.65 per share for a total of $3.6 billion Canadian. The updated offer, made Thursday, is a significant increase from the previous bid of C$2.6 billion, made in early January; the new bid is also higher in value compared to a recent partnership agreement announced between Osisko and Yamana Gold Inc. (TSX:YRI)(NYSE:AUY)

“Osisko shareholders who tender to the offer will be entitled to receive 0.17 of a Goldcorp common share plus an increase in the cash portion of the offer to a total of C$2.92 for each Osisko common share,” the press release said.

“Goldcorp's increased offer represents straightforward and superior value for Osisko shareholders, while ensuring accretion on key per-share metrics for Goldcorp shareholders,” added Chuck Jeannes, Goldcorp president and chief executive officer.

The battle for Osisko and its premium Malartic gold mine has heated up in recent week.  On April 2, in an attempt to thwart Goldcorp’s bid, Osisko and Yamana announced a 50/50 partnership. According to Osisko, the partnership is expected to be valued at offer at $7.60 per share based on a value of $3.35 for the share in the new Osisko.

Earlier in the week, Osisko said its Malartic mine had record gold production in the first quarter. According to preliminary data, the company produced 60,114 ounces of gold and 412,506 ounces of silver in the first three months of the year.

http://www.kitco.com/news/2014-04-10/Goldcorp-Increases-Its-Bid-For-Osisko-To-C3-6-billion.html
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« Reply #26 on: July 31, 2014, 12:00:17 PM »


Goldcorp Reports Rise In 2Q Adjusted Net Earnings, Output

July 31, 2014

Goldcorp second-quarter adjusted net earnings rose and output climbed from the same quarter a year ago, the company reported Thursday. Adjusted net earnings excluding one-time items rose 40% year-on-year to $164 million, or 20 cents per share. This was up from $117 million, or 14 cents, in the second quarter of 2013. Total reported net earnings were $181 million, 22 cents per share. For the same quarter a year ago, the company reported a loss of $1.934 billion, or $2.38 per share.

Second-quarter gold production and sales increased from the same period last year despite the loss of gold output from the recently divested Marigold mine and lower production from Los Filos in Mexico as a result of a 43-day work stoppage, Goldcorp said.  Gold sales in the second quarter were 639,500 ounces on production of 648,700 ounces, up from sales of 624,300 ounces on production of 646,000 ounces in the second quarter of 2013. Silver production totaled 9 million ounces compared 7.2 million in the prior-year second quarter. The biggest jump in output occurred at Goldcorp’s Peñasquito mine in Mexico. The company reported production of 167,400 ounces that was up from 88,100 a year ago, boosted by higher mill throughput, grades and recoveries.

"Cost improvements realized through our Operating for Excellence efficiency program were particularly impressive at Peñasquito,” said Chuck Jeannes, Goldcorp president and chief executive officer. “Those savings, along with grades and recoveries contributed to earnings from Peñasquito mine operations of approximately $130 million in the quarter.”

http://www.kitco.com/news/2014-07-31/Goldcorp-Reports-Rise-In-2Q-Adjusted-Net-Earnings-Output.html
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« Reply #27 on: October 30, 2014, 11:35:31 AM »


Goldcorp Reports $44 Mln 3Q Loss; Peñasquito Dinged

October 30, 2014

Goldcorp reported a net loss of $44 million, or 5 cents per share, in the third quarter, compared to net earnings of $5 million, or 1 cent per share, in last year’s comparative quarter.

The company’s Mexican-based Peñasquito mine was hit with a $36 million, or 4 cents per share, non-cash reduction on the value of low-grade stockpiles at the mine. The company also absorbed losses of $85 million from foreign exchange translation of deferred income tax assets and liabilities, $14 million in losses on derivatives and $13 million in losses on the impairment against the carrying amount of El Sauzal as a result of accelerating closure activities due to previously reported pit wall instability, the company said.

Adjusted net earnings totaled $70 million, or 9 cents per share, compared to adjusted net earnings of $190 million, or 23 cents per share, this time last year. Adjusted revenues came out at $1.1 billion while adjusted operating cash flow rose to $399 million, or 49 cents per share, compared to $375 million, or 46 cents per share in the third quarter of 2013.

The company produced 651,700 ounces of gold in the third quarter at all-in sustaining cash costs of $1,066, with gold sales totaling 641,400 ounces in the quarter. The company maintained their 2014 production guidance of between 2.95 million and 3.1 million ounces, but cautioned the low end of that guidance will likely be met due to stoppages at the company’s El Sauzal and Los Filos mines.

http://www.kitco.com/news/2014-10-30/Goldcorp-Reports-44-Mln-3Q-Loss-Penasquito-Dinged.html
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« Reply #28 on: August 27, 2015, 11:30:42 AM »


Goldcorp Acquires New Gold's 30% Interest In The El Morro Project In Chile; Creates 50/50 Joint Venture With Teck's Relincho Project

August 27, 2015

Goldcorp is pleased to announce it has entered into an agreement to purchase New Gold Inc.'s ("New Gold") (TSX: NGD, NYSE: NGD) 30% interest in the El Morro copper-gold project in Chile.   Following the acquisition, Goldcorp will own 100% of the project.  Under the terms of the agreement, Goldcorp will pay New Gold $90 million in cash at closing and a 4% gold stream on future gold production from El Morro.  New Gold will make ongoing payments of $400 per ounce of gold delivered under the contract, subject to a 1% per annum adjustment (compounded annually, commencing on the first anniversary of the agreement) once 217,000 ounces have been delivered.  At December 31, 2014, El Morro had proven and probable gold reserves of 8.92 million ounces (100% basis)1.

Goldcorp also announced today that it has reached an agreement with Teck Resources Limited ("Teck") (TSX: TCK.A & TCK.B, NYSE: TCK) to combine their respective interests in the El Morro (including the 30% interest to be acquired from New Gold as described above) and Relincho projects in Chile into a 50/50 joint venture.

"This transaction allows us to consolidate the ownership of El Morro and work with Teck to jointly develop the Relincho and El Morro deposits in a way that is expected to deliver significant synergies to our respective stakeholders and shareholders," said Chuck Jeannes, Goldcorp's President and CEO.

Completion of the transactions contemplated by this press release are subject to customary closing conditions and are anticipated to close in the fourth quarter of 2015.

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/530-tsx/g/10917-goldcorp-acquires-new-gold-s-30-interest-in-the-el-morro-project-in-chile-creates-50-50-joint-venture-with-teck-s-relincho-project.html#.Vd8sgF6FPAU
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