posted
this is the greatest stock for the next decade, I am already at 104% and it just keeps going up!!
They are the LEADING gold miner with 1 ounce per ton of earth, To put this into perspective, one of those BIG HAULERS carries about 4 tons!
The next company that even gets close is getting .25 to MAYBE .50 ounces on a GREAT DAY!
And this company has been the GREATEST of them all......they were saving 25% or more and WAITING till the gold prices went up THEN selling it making MORE money for the company and stock holders............NO other company was doing this.
Posts: 404 | From: MS | Registered: Nov 2005
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posted
Updated:2006-05-12 10:51:23 Goldcorp Completes Acquisition of Placer Assets From Barrick Market Wire VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/12/06 -- Goldcorp Inc. (TSX:G)(NYSE: GG) announced today that it has completed the acquisition of four Placer Dome mines and other agreed interests from Barrick Gold Corporation for approximately US$1.6 billion. The assets acquired include Placer Dome's former interests in the Campbell mine, the Porcupine and Musselwhite joint ventures in Ontario, as well as a 50% interest in the La Coipa gold/silver mine in Chile and a 40% interest in the Pueblo Viejo development project in the Dominican Republic. Goldcorp used a portion of its current cash balances and existing credit facilities to fund the acquisition.
The proceeds from the early exercise of Goldcorp's outstanding warrants (a maximum of approximately US$480 million if all warrants are exercised prior to June 9, 2006) will be used to repay credit facilities drawn down to fund the acquisition.
It is expected that this transaction will increase Goldcorp's 2006 annual gold production by approximately 50% and increase proven and probable gold reserves by 72%.
"We would like to welcome our new employees from the Campbell mine and the Musselwhite and Porcupine joint ventures in Canada, as well as those from the La Coipa mine in Chile. Over the past several months, we have worked closely with many of these people to ensure a successful transition from Placer," said Ian Telfer, President and CEO of Goldcorp. "We are a growing organization with talented people, great assets and many exciting opportunities to pursue."
Goldcorp is the world's lowest cost multi-million ounce gold producer. Annualized gold production in 2006 is expected to be approximately 2 million ounces at a cash cost of US$125 per ounce and the Company does not hedge its gold production
-------------------- Veni Vidi Vici Posts: 529 | From: CA | Registered: Jan 2005
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