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Goldcorp sells Carro Blanco in Guatemala

Friday, January 13, 2017

Goldcorp said that it agreed to sell its 100 percent interest in the Cerro Blanco gold-silver project, located in Guatemala, to Bluestone Resources.

Goldcorp will receive consideration at closing of $33 million in cash, a 1 percent Net Smelter Return royalty on production, and common shares of Bluestone representing approximately 9.9 percent of the issued and outstanding shares upon completion of the transaction.

Source: Nasdaq