(All Amounts in U.S. dollars)
TSX:G NYSE: GG
VANCOUVER, Feb. 20, 2015 /CNW/ - GOLDCORP INC.
(TSX: G, NYSE: GG) announced today that a subsidiary of
Goldcorp has completed the sale of its 100% interest in the Wharf
mine in Lead, South Dakota to
Coeur Mining, Inc. (NYSE: CDE). Total consideration paid at
closing was $105 million in cash,
subject to customary post-closing working capital
adjustments.
"This divestiture of Wharf unlocks additional value for Goldcorp
shareholders and demonstrates our commitment to focusing on the
core assets within our portfolio," said Chuck Jeannes, President and Chief Executive
Officer of Goldcorp. "We wish the team at site continued
success."
Goldcorp is one of the world's fastest growing gold
producers. Its low-cost gold production is located in safe
jurisdictions in the Americas and remains 100% unhedged.
Cautionary Note Regarding Forward Looking
Statements
This press release contains "forward-looking statements", within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and applicable Canadian securities legislation,
concerning the anticipated closing of the sale of Goldcorp
Inc.'s interest in the Wharf Mine, including satisfaction of
the closing conditions and the timing of such closing. These
forward-looking statements can be identified by the use of
forward-looking terminology such as the term "expected".
Forward-looking statements are made based upon certain
assumptions and other important factors that, if untrue, could
cause the completion of the transaction and timing of the
anticipated closing to be materially different from the statements
implied in this news release. Such assumptions include the
satisfaction of various closing conditions set out in the agreement
between the parties. Although Goldcorp has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other important factors that may cause the
timing of closing to be materially different from those expressed
or implied by such forward-looking statements, including but not
limited to: risks related to the satisfaction of closing
conditions; integration of acquisitions; risks related to current
global financial conditions; environmental risks; future prices of
gold, silver, copper, lead and zinc; possible variations in ore
reserves, grade or recovery rates; mine development and operating
risks; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing,
as well as those factors discussed in the section entitled
"Description of the Business – Risk Factors" in Goldcorp's annual
information form for the year ended December
31, 2013 available at www.sedar.com. Although
Goldcorp has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. Forward-looking statements are made as
of the date hereof and accordingly are subject to change after such
date. Except as otherwise indicated by Goldcorp, these
statements do not reflect the potential impact of any non-recurring
or other special items or of any dispositions, monetizations,
mergers, acquisitions, other business combinations or other
transactions that may be announced or that may occur after the date
hereof. Forward-looking statements are provided for the
purpose of providing information about management's current
expectations and plans and allowing investors and others to get a
better understanding of our operating environment. Goldcorp does
not undertake to update any forward-looking statements that are
included in this document, except in accordance with applicable
securities laws.
SOURCE Goldcorp Inc.