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Stock Market & Financial Investment News

News Breaks
January 7, 2013
19:32 EDTGGGoldcorp sees 70% gold production growth by 2017
Sees gold production of 2.55M-2.8M ounces in 2013; 3.2M-3.5M ounces in 2014; 3.5M-3.8M ounces in 2015; 3.8M-4M ounces in 2016; 4M-4.2M ounces in 2017. New projects will make contributions to this growth, with first gold production forecast from new projects as follows: Cerro Negro, late 2013; Éléonore, late 2014; Cochenour, first half 2015; Camino Rojo, 2016.
News For GG From The Last 14 Days
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January 26, 2015
10:00 EDTGGOn The Fly: Analyst Downgrade Summary
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07:53 EDTGGGoldcorp downgraded to Neutral from Overweight at HSBC
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January 21, 2015
08:39 EDTGGGoldcorp acquires additional interest in Probe from Agnico-Eagle for CAN43M
Goldcorp (GG) has entered into an agreement to purchase 7,320,200 common shares of Probe Mines Limited and 2,347,951 warrants to purchase common shares of Probe from Agnico Eagle Mines (AEM) for cash consideration of CAN5.00 per common share and CAN2.90 per warrant for an aggregate purchase price of approximately CAN43M. Each warrant is exercisable to purchase one common share of Probe at a price of CAN2.10 until May 28. The purchase is expected to close on or about January 28. Following the acquisition from Agnico, Goldcorp will own 15,720,200 Probe shares and 2,347,951 warrants, representing beneficial ownership of 19.9% of shares on a partially-diluted basis. If the proposed Plan of Arrangement pursuant to which Goldcorp proposes to acquire all of the outstanding common shares of Probe is approved by the shareholders of Probe, Goldcorp will acquire 100% of the issued and outstanding Probe shares.
January 19, 2015
12:23 EDTGGGoldcorp to acquire Probe Mines for C$526M
Probe Mines Limited is pleased to announce that it has entered into a definitive agreement with Goldcorp, whereby Goldcorp will acquire all of the outstanding shares of Probe under a plan of arrangement for consideration of 0.1755 of a Goldcorp share per Probe share, equivalent to C$5.00 per Probe share, based on the closing price of Goldcorp shares on the TSX on January 16, and total consideration of C$526M. In addition, shareholders of Probe will receive shares in a newly formed company. Probe's board of directors has unanimously approved the transaction and recommends that Probe shareholders vote in favor of the arrangement. All of the directors and officers of Probe, who own approximately 4.6% of Probe's issued and outstanding shares, have entered into support agreements with Goldcorp pursuant to which they have agreed, among other things, to support the transaction and vote their Probe shares in favor of the arrangement. Goldcorp currently owns 8.4M shares of Probe representing 9.3% of the basic shares issued and outstanding which will be voted in favor of the arrangement.

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