Newspaper article The Canadian Press

Goldcorp Sells Mines in Two Deals; Leagold Buying Los Filos for US$438 Million

Newspaper article The Canadian Press

Goldcorp Sells Mines in Two Deals; Leagold Buying Los Filos for US$438 Million

Article excerpt

Goldcorp selling two mines to separate buyers

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VANCOUVER - Goldcorp Inc. (TSX:G) has announced two deals to sell mining operations in Mexico and Guatemala to separate buyers.

In the bigger transaction, Vancouver-based Goldcorp will receive an estimated US$438 million worth of cash, stock and other assets by selling the Filos gold-and-silver mine in Mexico to Leagold Mining Corp. (TSXV:LMC.H).

The stock portion of the deal is valued at $71 million and will represent about 30 per cent of Leagold's outstanding shares after the transaction. Goldcorp also will retain certain tax receivables worth about $88 million.

Goldcorp has also has agreed to sell its Cerro Blanco gold-silver project in Guatemala to Bluestone Resources Inc. …

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