Goldcorp Announces Sale of the Camino Rojo Oxide Project

VANCOUVER, June 21, 2017 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) today announced that the Company has entered an agreement (the “Agreement”) with Orla Mining Limited (TSXV: OLA.V) (“Orla”), pursuant to which it has agreed to sell its 100% interest in the Camino Rojo oxide project, located in Zacatecas, Mexico.

Under the terms of the agreement, Goldcorp will receive: (1) 19.9% of the issued and outstanding common shares of Orla, (2) a 2% Net Smelter Return royalty on revenues from all metal production from the project, with the exception of metals produced under a joint venture with Orla, (3) an option to acquire up to a 70% interest in future sulphide projects, and (4) the right to nominate a director to Orla’s Board for as long as Goldcorp’s equity ownership position is greater than 10%.

The transaction is subject to customary closing conditions and is expected to close in the second half of 2017.

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