Goldcorp Announces Sale of its 21% Minority Interest in the San Nicolas Copper-Zinc Project

http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-Announces-Sale-of-its-21-Minority-Interest-in-the-San-Nicolas-Copper-Zinc-Project/default.aspx

VANCOUVER, June 29, 2017 /CNW/ – GOLDCORP INC(TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) today announced that the Company has entered into a binding agreement with Teck Resources Limited for the sale of its 21% minority interest in the San Nicolas copper-zinc project, located in Zacatecas, Mexico, for cash consideration of US$50 million.

This transaction is consistent with Goldcorp’s strategy of optimizing its portfolio of assets and unlocking value by monetizing non-core assets such as San Nicolas.

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

 

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