Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: TSX, NYSE
Sector: Gold Mining
Epic: TSX:G
News: Latest news
Web Site: Goldcorp
Other Articles: 06-08-201030-07-201010-06-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
Goldcorp

Goldcorp

Goldcorp is one of the world's largest gold mining companies employing more than 9,000 people worldwide. Goldcorp has 16 operations and development projects focused throughout the Americas with over 70% of reserves in NAFTA countries.  

Monday, November 16, 2009

GoldCorp snaps up Camino Rojo Gold-Silver Property Through C$238m Canplats Acquisition

company news image

Goldcorp Inc. (TSX: G, NYSE: GG) are set to acquire Toronto listed Canplats Resources Corporation (TSX-V: CPQ) for a total consideration of approximately C$238 million. The acquisition will be carried out through a ‘plan of arrangement’, Canplats shareholders will receive 0.074 common shares in GoldCorp for each share held, which implies a price of C$3.42 per share to Canplats shareholders.


Upon closing, Goldcorp will assume ownership of Canplats' Camino Rojo Project, which is located 50km southeast of Goldcorp's Penasquito mine. The Camino Rojo's 3,389km₂ land position includes the Represa deposit, which has reported measured and indicated resources of 3,445,000 gold ounces and 60,708,000 silver ounces with inferred resources of 555,000 ounces of gold and 7,612,000 ounces of silver.


In addition to the GoldCorp shares, Canplats shareholders will also receive equity in a new company which will contain the other remaining Canplats assets.


The new company’s assets will include C$10m and Canplats' existing interests in precious and base metal projects in Mexico including the Rodeo and El Rincon properties, located in Durango and the Mecatona, Maijoma and El Alamo properties, located in Chihuahua. GoldCorp will retain 9.9% in the new company whilst the remaining equity will be proportionately distributed among Canplats shareholders.


Canplats' CEO and Chairman Gordon Davis commented on the agreed takeover:
"The agreement provides our shareholders with immediate value and the prospect for future gains through a newly-incorporated company that will have C$10 million in the treasury, an exciting portfolio of precious and base metal projects in Mexico, and a significant and strategic shareholder, Goldcorp."

AddThis Feed Button
Register here to be notified of future Goldcorp articles.

Other Goldcorp articles


Other Goldcorp news

More news ►

Investors interested in Goldcorp recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.