Goldcorp files technical reports for Éléonore and Pueblo Viejo Goldcorp announced that a National Instrument 43-101 technical report has been filed for each of Goldcorp's 100% owned Éléonore project and its 40% owned Pueblo Viejo mine. The Éléonore project contained 4.03M ounces of proven and probable gold mineral reserves and 4.10M ounces of inferred gold mineral resources as of December 31.
New 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.