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Stock Market & Financial Investment News

News Breaks
February 5, 2014
05:10 EDTGGGoldcorp says Osiko allegations are without merit
Goldcorp refuted allegations made in a Claim filed in Superior Court of Quebec by Osisko Mining on January 29 alleging improper activities related to Goldcorp's Offer to acquire all of the outstanding shares of Osisko. Goldcorp denies the validity of statements made by Osisko representatives that a verbal agreement was reached to extend an expired standstill provision included in a confidentiality agreement between the two companies signed on October 16, 2012. Further, statements made by Osisko representatives in the Claim clearly contradict statements made in the Osisko Directors' Circular dated January 24, 2014 with respect to Osisko's understanding of its obligations and rights under the 2012 confidentiality agreement. Chuck Jeannes, Goldcorp president and CEO, said, "We are disappointed that Osisko has resorted to baseless legal claims that serve only to delay a proper bid process and distract Osisko shareholders from the compelling value that Goldcorp's Offer represents. Osisko has had time to explore all reasonable value-maximizing alternatives and it seems to have chosen instead to try to deny its shareholders the opportunity to tender. A significant number of Goldcorp and Osisko shareholders continue to express support for this transaction and we believe that the best opportunity to maximize the value of the Canadian Malartic mine is within Goldcorp's mine portfolio. To this end we would encourage Osisko to expand its value-maximizing process to include Goldcorp by extending diligence access to us." The Superior Court of Quebec confirmed the timeline of the legal proceedings filed by Osisko last week. The hearing is set for March 3-5, 2014. Goldcorp provided an undertaking to the court to not take up and pay for Osisko shares tendered under the Offer until receipt of judgement following the hearing; accordingly Goldcorp intends to extend the Offer on February 19, 2014 to on March 10, 2014.
News For GG From The Last 14 Days
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April 16, 2014
09:36 EDTGGActive equity options trading on open
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09:26 EDTGGYamana Gold and Agnico-Eagle reach acquisition agreement with Osisko Mining
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April 10, 2014
11:17 EDTGGOsisko responds to Goldcorp increased offer to C$7.65 per share
Osisko notes the announcement by Goldcorp that it intends to amend its hostile offer to acquire all of the outstanding common shares of Osisko to extend the expiry date, increase the consideration payable and reduce the minimum tender condition. The board of Osisko said it will consider this announcement. Until the Corporation completes its review, it will not comment further or speculate as to any future course of action it might take.
07:48 EDTGGGoldcorp to host investor day
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07:11 EDTGGGoldcorp increases offer for Osisko to C$7.65 per share
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05:22 EDTGGGoldcorp announces Q1 gold production 680,000 oz
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April 4, 2014
14:21 EDTGGBarrick Gold completes Nevada asset divestiture
Barrick Gold (ABX) announced it has completed the divestiture of its minority interest in the Marigold mine in Nevada to Silver Standard Resources (SSRI) for total cash consideration of $86M, subject to certain closing adjustments. Barrick had previously held a 33.3% interest in Marigold, with the remaining 66.7% interest owned by the operator, Goldcorp (GG).
13:58 EDTGGGoldcorp completes sale of Marigold mine
Goldcorp (GG) announced that the company and their joint venture partner Barrick Gold (ABX) have completed the sale of their respective interests in the Marigold mine in Humboldt County, Nevada to Silver Standard (SSRI). Total consideration paid at closing to Goldcorp and Barrick was $275M. Marigold was a joint venture operation between Goldcorp who was the operator and 66.7% partner and Barrick who was the 33.3% partner.

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