Brief: Goldcorp sells Cerro Blanco project to Bluestone Resources
12/01/2017 02:35
Jan 11 (Reuters) - Goldcorp Inc G.TO :
* Goldcorp announces sale of Cerro Blanco project and provides Marlin Mine update
* Goldcorp will receive consideration at closing of $18 million in cash
* Goldcorp - will receive 1% net smelter return royalty on production, shares of bluestone
representing about 9.9% of issued and outstanding shares
* Goldcorp will receive an additional $15 million in cash upon declaration of "commercial
production" at cerro blanco
* Goldcorp inc - granted Bluestone a right of first refusal with respect to certain assets
and equipment at Marlin Mine, also located in Guatemala
Source text for Eikon: ID:nPn7G2N7Ga
Further company coverage: G.TO
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