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.