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Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:03 EDTGGGoldcorp suspends operations at Los Filos pending occupancy agreement renewal
Goldcorp announced that its Los Filos mine in Guerrero State, Mexico has suspended operations following unsuccessful efforts with the Carrizalillo Ejido to reach a negotiated settlement to renew the occupancy agreement that expired on March 31. Certain activities related to environmental safeguards and site security will continue during the suspension. The company continues to hold discussions with Ejido representatives to expeditiously resolve the situation with the goal of ensuring the long-term sustainability of operations amid a lower gold price environment and significantly higher Mexican tax obligations. The Los Filos mine directly employs more than 2,600 people from the surrounding communities with an estimated 10,000 additional jobs created as a result of the mine's presence in the region.
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July 18, 2014
15:18 EDTGGGoldcorp showed interest in Newmont Ghana mines, Bloomberg says
Goldcorp (GG) showed interest in potentially buying gold mines in Africa from Newmont Mining (NEM) while the latter was in merger talks with Barrick Gold (ABX) earlier this year, said Bloomberg, citing people familiar with the situation. Reference Link
14:53 EDTGGGoldcorp showed interest in Newmont Mining assets in Africa, Bloomberg says
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