On Thursday, in a sign of how far the company has fallen, Goldcorp shareholders voted nearly unanimously to approve the deal. This portfolio includes long-life operations and profitable expansion and exploration options in some of the world’s most favorable mining jurisdictions. The "argument" of the suits is that Mexican law does not require consultation between the government and local groups before an initial title is granted. Altius Minerals Corp. (ALS:TSX.V, 13.14) said it expects record royalty revenue of $21.5 million (50 cents per share) for the quarter ending March 31st, an increase of 36% over the same quarter last year. We can forward contract on some Metal concentrates or mineral ores. It is also important to note that the lawsuit claims that the government should consult with local people, and is not a commentary on Almaden's extensive local consultation process. [25] The same news program ran a four-part documentary entitled "Paradise Lost" which explored some of the controversy surrounding Goldcorp's Marlin mine operation, and investigated the economic, environmental, and social costs and benefits of Canadian mining operations in Central America.[26]. The company employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. It is this expertise that drives our company´s success. We understand metal streaming. “We’ve met our goal to become the world’s leading gold business, and we’ll maintain that position by executing our winning strategy,” said Gary J. Goldberg, Chief Executive Officer. Newmont Mining Corp. intends to pay its shareholders a one-time dividend worth US$470-million after a number of large investors pushed for the giant miner to renegotiate terms of its takeover of Goldcorp Inc. Newmont shareholders who own stock as of April 17 will be entitled to US$0.88 per share. Frank Holmes, CEO and chief investment officer of U.S. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. 1) Adrian Day: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Midland Exploration, Lara Exploration and Altius Minerals. Based on announced transactions and those the firm knows are being discussed, it is shaping up to be a strong year, though it is too early to predict a record, said Cornell Wright, co-head of Torys’ mergers and acquisitions practice. Though Lundin got the better of the deal, the $1 billion cash will enable Yamana to pay down its debt. Continue Reading →. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Despite this, the environmental, economic and human impact of the company’s Latin American mines has been a controversial topic for a number of years. Altius remains a core holding; we would wait for a pullback to add more, maybe to the mid-$12 range (though the value remains good at the current price). Goldcorp shares rose by 1.8 per cent on Thursday to close at $15.63 apiece on the Toronto Stock Exchange. Andrew Johnston, Goldcorp Safety Officer says, “The most important thing to go down the mine every day is the miner, and the most important thing to come out of the mine is the miner. Goldcorp ensures miners go home safely at the end of the day thanks to iAuditor. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. Goldcorp shareholders receive 0.328 of a share of Newmont (as well as a final 2 cent dividend).

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