Goldcorp announces acquisition of gold stream at El Morro

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

METAL CHINA/DIECASTING/NONFERROUS CHINA 2025 Concluded with a Big Success

China Foundry Connecting the World With the theme of "building...

US on its Path Towards Exploring Rare Earth Elements

In April 2025, China went on to impose a...

The US Has the Option to Mine its Own Rare Earth Elements

So, every time you see your phone, open your...

MENA Copper Market: Gradual Growth and Strategic Shifts

A Cautious Climb in the Copper Arc The copper market...

GOLDCORP INC is pleased to announce that the Company has entered into a binding agreement with New Gold Inc. pursuant to which it has agreed to purchase New Gold’s 4% gold stream on the El Morro deposit for cash consideration of $65 million.

The El Morro deposit is part of NuevaUnión, a 50/50 joint venture with Teck Resources that combines the Relincho and El Morro deposits.

 

“The purchase of the stream from New Gold is consistent with our strategy of optimizing our portfolio to drive increasing net asset value per share,”  said David Garofalo, President and Chief Executive Officer. “El Morro is a world-class deposit, located in one of the best mining jurisdictions in the  Americas. This stream unlocks further upside potential for our shareholders over the long-term. NuevaUnión is a unique project combining the  expertise of two large-scale mining companies to jointly develop what is expected to be a low-cost, long-life asset. It is also working to set a standard  for community engagement, environmental responsibility and value creation.”

 

About Goldcorp

Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines.

 

Latest stories

Related stories

METAL CHINA/DIECASTING/NONFERROUS CHINA 2025 Concluded with a Big Success

China Foundry Connecting the World With the theme of "building...

US on its Path Towards Exploring Rare Earth Elements

In April 2025, China went on to impose a...

The US Has the Option to Mine its Own Rare Earth Elements

So, every time you see your phone, open your...

MENA Copper Market: Gradual Growth and Strategic Shifts

A Cautious Climb in the Copper Arc The copper market...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back