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Stock Market & Financial Investment News

News Breaks
January 29, 2014
08:09 EDTOSKFF, GGOsisko Mining CEO says Goldcorp bid 'very hostile,' Reuters reports
Osisko Mining (OSKFF) CEO Sean Roosen says hasn't spoken with anyone at Goldcorp (GG) since just before Goldcorp announced last week it would make an unsolicited takeover bid for the company, reports Reuters. Roosen called the bid "very hostile" and said he got a courtesy call about it some 30 minutes before Goldcorp announced it. Reference Link
News For GG;OSKFF From The Last 14 Days
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August 27, 2015
08:05 EDTGGNew Gold to sell El Morro Interest to Goldcorp for $90M and 4% gold stream
New Gold (NGD) has entered into an agreement with Goldcorp (GG) to sell New Gold's 30% interest in the El Morro project to Goldcorp in exchange for $90M in cash, a 4% stream on gold production from the El Morro property and the cancellation of New Gold's $93M carried funding loan. The $90M are to be paid at closing of the transaction, expected to be in Q4. The 4% stream is on life-of-project gold production from the 417 square kilometre El Morro property, with currently estimated gold mineral reserves of 599M tons at an average gold grade of 0.46 g/T, totalling 8.9M oz. New Gold will pay a fixed $400/oz. on the first 217K ounces of gold delivered as part of the stream. New Gold will no longer be obligated to repay the $93M in debt that Goldcorp funded on the company's behalf. Goldcorp and Teck Resources (TCK) plan to combine their respective El Morro and Relincho projects into a 50/50 joint venture with the interim name of Project Corridor. Goldcorp and Teck are expecting to commence a Pre-Feasibility Study in early 2016 which should be completed 12 to 18 months thereafter.
08:03 EDTGGGoldcorp, Teck Resources combine El Morro, Relincho projects in Chile
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