Goldcorp sells mines for about $470 million

Canada’s Goldcorp, the world's third largest gold producer by market value, is selling mines in Mexico and Guatemala to two different buyers as part of its ongoing efforts to focus on highly profitable, core assets.

The Vancouver-based company said it will receive an estimated $438 million worth of cash, stock and other assets by selling its Los Filos gold-and-silver mine in Mexico to Leagold Mining Corp.

Source: Mining