La segunda mayor productora de oro de Canadá recibirá 71 millones de dólares en acciones comunes de Leagold
GOLDCORP INC. today announced that the Company has entered into a share purchase agreement with Leagold Mining Corporation, pursuant to which it has agreed to sell its Los Filos Mine in Mexico to Leagold. Under the terms of the Agreement, Goldcorp will receive estimated consideration of $438 million, consisting of $279 million in cash, $71 million in Leagold common shares, and retain certain tax receivables of approximately $88 million. The common shares issued to Goldcorp as consideration are expected to represent approximately 30% of the issued and outstanding shares of Leagold following the closing of the Transaction. By closing of the Transaction, Goldcorp expects to recognize a reversal of a 2015 impairment in mining interests at Los Filos of approximately $30 to $60 million on a pre-tax basis.
Leagold Mining Corporation is pleased to announce that it has entered into a binding sale and purchase agreement with Goldcorp Inc. dated January 11, 2017 to acquire the Los Filos Gold Mine in Guerrero State, Mexico for US$350 million through the purchase of Goldcorp’s Desarrollos Mineros San Luis S.A. de C.V. subsidiary. The purchase price is made up of US$279 million in cash and US$71 million in common shares of Leagold. Based on Leagold’s transaction financing plan, Goldcorp is expected to become an approximate 30% shareholder of Leagold at completion of the Acquisition. Goldcorp will have the right to nominate a director to Leagold’s Board at completion of the Acquisition.
James McDonald, President & CEO of Kootenay Silver stated, "We are very pleased with the latest exploration data we have gained from the San Gregorio underground adit. Results from the current program, combined with our ongoing re logging efforts and previous data we have obtained through prior exploration programs, support our effort to design a drill program to test the extensions of the current resource, which remains open along strike and to depth. Upon completion of the prerequisite work, we look forward to initiating a drill program aimed at expanding our established silver resource, starting sometime in the first quarter of 2017.”
“Premier Gold has a long-standing commitment to exploration that has resulted in several significant discoveries” commented Premier President & CEO Ewan Downie... “This commitment will continue during 2017 where we expect our largest annual exploration budget in company history with no less than US$18.5 million being spent on programs expected to have a direct, near-term impact on future production and on our peer-best development pipeline.”
“We are very pleased with the granting of this drill permit as it provides long-term certainty to our exploration efforts to aggressively expand the San Acacio Silver deposit”, stated Bruce Winfield, President and CEO of Defiance Silver Corp. “As one of the more prolific past producing silver mines in Mexico, we are hopeful that this work will allow us to increase our knowledge of the deposit as well as expand the resource.”