Boston, MA 04/22/2014 (wallstreetpr) – Goldcorp Inc. (USA) (NYSE:GG) is a leading gold mining company which has adjusted its forecast for gold production in the current financial year. It expects gold production to be in the range of 2.95 to 3.1 million ounces.
The company has declared the fourth monthly dividend payment for 2014. Dividend has been announced at $0.05 per share. Shareholders would be entitled to receive payment of this dividend on April 25
New developments
Goldcorp Inc. (USA) (NYSE:GG) had made a bid to acquired Osisko Mining Corporation (Osisko) for which it had even nominated eleven key personnel of Goldcorp, which also included its Chief Executive, for election to the board of Osisko. Osisko has been opposing this acquisition very vehemently. In a bid to increase its chances for successfully acquiring Osisko, Goldcorp decided to revise its previously-announced offer to acquire all outstanding common shares of Osisko Mining Corporation (Osisko). Meanwhile, Canada’s Osisko Mining Corp has already reached a $3.6 billion deal to sell off majority of its assets to Agnico Eagle Mines Ltd and Yamana Gold Inc as it is desperately battling to subvert a hostile takeover bid from Goldcorp Inc. Goldcorp Inc has finally decided to walk out of its aggressive bid to takeover Osisko Mining Corp, thereby clearing the way for Agnico Eagle Mines Ltd and Yamana Gold Inc and to take charge of Osisko’s flagship Canadian Malartic mine.
Silver Standard Resources Inc has sealed a deal for the purchase of Marigold mine from subsidiaries of Goldcorp Inc. (USA) (NYSE:GG) and Barrick Gold Corporation (USA) (NYSE:ABX) for a cash consideration of nearly $275 million. The entire money for closing out the deal was funded from Silver Standard’s cash balance.
Goldcorp Inc. (USA) (NYSE:GG) has completed the secondary offering of Primero Mining Corp’s 31,151,200 common shares, and it now does not own any shares of Primero. No proceeds from the offering went into Primero’s kitty. A syndicate led by Canaccord Genuity Corp. has completed the underwriting of the deal. Other members of the syndicate were CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc., GMP Securities L.P.
