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

New Brunswick upholds ruling to allow Christian law school grads to practise

FREDERICTON — The Law Society of New Brunswick upheld a decision today to allow graduates of a proposed law school in British Columbia to practise in the province.

New Brunswick upholds ruling to allow Christian law school grads to practise

Canada loses 4,300 net jobs in December, jobless rate stays put at 6.6%

OTTAWA — The Canadian labour market capped off 2014 by losing 4,300 net jobs in December, a slight dip from the previous month that left the unemployment rate locked at 6.6 per cent, Statistics Canada said Friday.

Canada loses 4,300 net jobs in December, jobless rate stays put at 6.6%

Michael Hume B.C. Trial Hears Phone Message From Alleged Sexual Assault Victim Pleading For Help

KAMLOOPS, B.C. — The trial of a longtime youth and justice worker accused of sexually assaulting a resident in a community he once helped has heard a recording of a phone call as the alleged victim pleaded for help.

Michael Hume B.C. Trial Hears Phone Message From Alleged Sexual Assault Victim Pleading For Help

School Prank By B.C. Boy Costs His Parents Nearly $50,000, Breaks New Legal Ground

The case involves a then-14-year-old boy who caused $48,630 in damage when he attached a padlock to just one sprinkler head inside Wellington secondary but set off other sprinklers.

School Prank By B.C. Boy Costs His Parents Nearly $50,000, Breaks New Legal Ground

Court nixes rule requiring Air Canada to separate pooches, allergic passengers

The Canadian Transportation Agency has been ordered to reconsider a ruling that required Air Canada to separate pooches from passengers with dog allergies in its airline cabins.

Court nixes rule requiring Air Canada to separate pooches, allergic passengers

Bill Cosby moves on to second Ontario show after standing ovation last night

LONDON, Ont. — Bill Cosby's first Canadian performance may have gone ahead without a hitch but it remained to be seen whether his second appearance would roll out as smoothly in a city where residents opposing the embattled comedian vowed to send him a message.