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Stock Market & Financial Investment News

News Breaks
April 23, 2014
09:19 EDTGG, OSKFFGoldcorp's final offer for Osisko Mining expires
Goldcorp (GG) announced that the minimum tender condition of its offer for all of the issued and outstanding shares of Osisko Mining (OSKFF) was not met by the expiry time, and Goldcorp's offer expired in accordance with its terms. All Osisko shares deposited to the offer will be returned to the Osisko shareholders who deposited them. Goldcorp's candidate nominations for election to Osisko's Board of Directors at Osisko's upcoming annual and special meeting to be held on May 20 will be withdrawn.
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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