Goldcorp selling Wharf mine in South Dakota to Coeur Mining for US$105M

Darpan News Desk The Canadian Press, 12 Jan, 2015 04:07 PM

VANCOUVER — Goldcorp (TSX:G) is selling its Wharf mine in Lead, S.D., to Coeur Mining Inc. (NYSE:CDE) for US$105 million in cash.

"This divestiture of Wharf will unlock additional value for Goldcorp shareholders and demonstrates our commitment to focusing on the core assets within our portfolio," president and CEO Chuck Jeannes said in announcing the deal Monday.

"We thank the team at Wharf for their commitment and dedication and . . . we will work closely with the team at site to ensure a smooth transition."

The agreement, which is subject to U.S. antitrust approval and other customary conditions, is expected to close by the end of the first quarter.

Prev Next

MORE National ARTICLES

BC hot springs warming up after quake left water cold

HOT SPRINGS COVE, B.C. — Natural hot springs on the west coast of Vancouver Island are rebounding after an earthquake left the waters cold.

BC hot springs warming up after quake left water cold

Dial-a-dope is dopey dial when accused calls RCMP with offer to buy marijuana

VANCOUVER — You've heard of dial-a-dope operations? A recent arrest in North Vancouver, B.C., might be called a dope-a-dial disaster — at least for the caller.

Dial-a-dope is dopey dial when accused calls RCMP with offer to buy marijuana

Charges laid, victim identified after body found in East Vancouver apartment

VANCOUVER — Police have identified a man whose body was discovered in a Vancouver apartment, and a charge has been laid against his accused killer.

Charges laid, victim identified after body found in East Vancouver apartment

Two people rescued while searching for friend on Vancouver-area mountain

VANCOUVER — Rescue crews have saved two people who ventured out on their own to search for a missing friend on Vancouver's North Shore mountains.

Two people rescued while searching for friend on Vancouver-area mountain

Bill Cosby forced to confront abuse allegations in midst of Ontario show

LONDON, Ont. — Bill Cosby was forced to publicly confront the sexual assault allegations that have dogged him for weeks when a heckler at the second stop on his three-city Canadian tour yelled out a direct accusation.

Bill Cosby forced to confront abuse allegations in midst of Ontario show

Teen shot in head at Eaton Centre recalls 'total darkness' in impact statement

TORONTO — More than two years, four surgeries and 1,200 stitches later, a teenager shot in the head in a crowded downtown food court recalled on Friday what little he remembers of the attack that left him so close to death.