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Stock Market & Financial Investment News

News Breaks
May 5, 2014
09:07 EDTGGGoldcorp resumes operations at Los Filos mine
Goldcorp announced that its Los Filos mine in Guerrero State, Mexico has resumed all operations following a negotiated settlement with the Carrizalillo Ejido for a new land occupancy agreement with a five-year term. Operations at Los Filos had been suspended since April 2. Due to the suspension, forecast 2014 gold production at Los Filos is expected to be at the low end of the mine's guidance range of between 330,000 and 345,000 ounces. Goldcorp has reconfirmed overall company guidance of between 2.95 and 3.10 million gold ounces for the year. 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.
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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