Goldcorp reduce su presencia en Latinoamérica con la venta de mina mexicana
January 12, 2017
La segunda mayor productora de oro de Canadá recibirá 71 millones de dólares en acciones comunes de Leagold
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La segunda mayor productora de oro de Canadá recibirá 71 millones de dólares en acciones comunes de Leagold
Millrocks President and CEO, Gregory A. Beischer, stated: While we will not under-estimate the work ahead, we continue to carry forward into 2017 with a spirit of optimism. The cycle seems to have changed, and we have positioned Millrock as best we possibly can to capitalize on a bull market in precious, base and energy metals. We now have an extensive exploration property portfolio diversified across four excellent mining jurisdictions, and the company is being actively funded by partners. With continued excellent scientific work, supportive funding partners and shareholders, we have the potential to make a transformative discovery in the coming year.
GOLDCORP INC. today announced that the Company has entered into a share purchase agreement with Leagold Mining Corporation, pursuant to which it has agreed to sell its Los Filos Mine in Mexico to Leagold. Under the terms of the Agreement, Goldcorp will receive estimated consideration of $438 million, consisting of $279 million in cash, $71 million in Leagold common shares, and retain certain tax receivables of approximately $88 million. The common shares issued to Goldcorp as consideration are expected to represent approximately 30% of the issued and outstanding shares of Leagold following the closing of the Transaction. By closing of the Transaction, Goldcorp expects to recognize a reversal of a 2015 impairment in mining interests at Los Filos of approximately $30 to $60 million on a pre-tax basis.
Leagold Mining Corporation is pleased to announce that it has entered into a binding sale and purchase agreement with Goldcorp Inc. dated January 11, 2017 to acquire the Los Filos Gold Mine in Guerrero State, Mexico for US$350 million through the purchase of Goldcorps Desarrollos Mineros San Luis S.A. de C.V. subsidiary. The purchase price is made up of US$279 million in cash and US$71 million in common shares of Leagold. Based on Leagolds transaction financing plan, Goldcorp is expected to become an approximate 30% shareholder of Leagold at completion of the Acquisition. Goldcorp will have the right to nominate a director to Leagolds Board at completion of the Acquisition.
We are very pleased with our operating performance in the fourth quarter and for the year 2016, stated Arturo Bonillas, President of the Company. Gold ounces produced in the fourth quarter were 25,287, bringing the total to over 100,000 ounces for the year and putting us through the upper end of our guidance which had been revised higher during the year. We would like to acknowledge our dedicated team at the San Francisco Mine for their commitment and efforts during what began as a challenging year.
Paul Benson, President and CEO said, “Our production results continue to demonstrate the strength of our operating portfolio, following the successful acquisition of the Seabee Gold Operation earlier this year. I commend our mines and their respective teams for delivering to or exceeding their operating plans. Our fourth quarter production of over 110,000 gold equivalent ounces is a strong finish to a very successful year. These results are underpinned by our operational excellence program, commitment to safe production and strong balance sheet positioning us to continue creating shareholder value in 2017.”
James McDonald, President & CEO of Kootenay Silver stated, “We are very pleased with the latest exploration data we have gained from the San Gregorio underground adit. Results from the current program, combined with our ongoing re logging efforts and previous data we have obtained through prior exploration programs, support our effort to design a drill program to test the extensions of the current resource, which remains open along strike and to depth. Upon completion of the prerequisite work, we look forward to initiating a drill program aimed at expanding our established silver resource, starting sometime in the first quarter of 2017.
“Metal production was down for the fourth quarter and 2016 due to lower grades at San Ignacio and to shutdowns at Topia, with the most recent to accommodate tailings expansion and plant improvements,” stated Robert Archer, President & CEO. “The increased output from San Ignacio did result in a second consecutive annual record for gold production, and recent preliminary drill results from San Ignacio indicate that grades are likely to improve as we continue to the southeast. In addition, with the upgrades at Topia and the recently signed agreement to purchase the Coricancha Mine in Peru, we expect 2017 to be a very exciting time for Great Panther Silver as we position ourselves for production growth in future years.”
“Capstone’s 2016 consolidated copper production exceeded guidance, driven primarily by outperformance at Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “Record setting production at both these operations contributed to a year of exceptional operating performance.”
Premier Gold has a long-standing commitment to exploration that has resulted in several significant discoveries commented Premier President & CEO Ewan Downie… This commitment will continue during 2017 where we expect our largest annual exploration budget in company history with no less than US$18.5 million being spent on programs expected to have a direct, near-term impact on future production and on our peer-best development pipeline.
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