Goldcorp completes sale of Marigold Mine
GOLDCORP INC. (TSX: G) (NYSE: GG) today announced that the Company and their joint venture partner Barrick Gold Corporation ("Barrick") have completed the sale of their respective interests in the Marigold mine in Humboldt County, Nevada to Silver Standard Resources Inc. (NASDAQ: SSRI, TSX: SSO). Total consideration paid at closing to Goldcorp and Barrick was $275 million. Marigold was a joint venture operation between Goldcorp who was the operator and 66.7% partner and Barrick who was the 33.3% partner.
"This divestiture of Marigold unlocks value for Goldcorp shareholders and underscores our strategy of focusing on core assets within the portfolio," said Chuck Jeannes, President and Chief Executive Officer of Goldcorp. "Our team has been on the ground to help ensure a smooth transition and we wish the team at Marigold every future success."