Goldcorp Hires Scotiabank To Run Los Filos Mine Sale; Goldcorp Shares Down 0.7% in US Pre-Mkt (TSE:G)


Goldcorp Inc. (G.TO, GG) has hired Bank of Nova Scotia (BNS.TO, BNS) to lead the sale process for Los Filos, its gold and silver mine in Mexico, according to two sources familiar with the situation, after putting the asset on the block earlier in the summer, Reuters has reported.

About 2.59M shares traded hands. Goldcorp Inc. (TSE:G) has risen 12.13% since February 5, 2016 and is uptrending. It has underperformed by 4.35% the S&P500.

Goldcorp Inc. is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company has a market cap of $18.22 billion. The Firm is engaged in the sale of gold, silver, lead, zinc and copper. It currently has negative earnings. The Company’s divisions include Red Lake Gold Mines Ontario Partnership , Goldcorp Canada Ltd./Goldcorp Inc. (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito S.A. de C.V. and Camino Rojo S.A. de C.V. (Penasquito), Desarrollos Mineros San Luis S.A. de C.V. (Los Filos), Montana Exploradora de Guatemala S.A. (Marlin), Oroplata S.A. (Cerro Negro), Corredor SpA (Project Corridor), Minera Alumbrera Limited (Alumbrera), El Morro and Pueblo Viejo Dominicana Corporation (Pueblo Viejo).

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