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Explor Resources Inc New EXSFF

Explor Resources Inc is a Canadian company which is engaged in the acquisition and exploration of mining properties in Canada. Its projects comprise of Chester Copper Deposit, Bathurst Mining Camp, Timmins Porcupine West, Montrose, Kidd Township, Carnegie and Eastford Lake among others.


OTCPK:EXSFF - Post by User

Post by goldspinneron Jul 29, 2016 8:26am
196 Views
Post# 25094832

RE: GOLDCORP FREEING UP CASH FOR ACQUISITION(S)?

RE: GOLDCORP FREEING UP CASH FOR ACQUISITION(S)?Goldcorp puts Los Filos mine in Mexico on block, eyes other sales VANCOUVER | BY NICOLE MORDANT A mine of Canadian mining giant Goldcorp is pictured near the village of Carrizalillo, Mexico November 12, 2015. Picture taken November 12, 2015. REUTERS/Henry Romero A mine of Canadian mining giant Goldcorp is pictured near the village of Carrizalillo, Mexico November 12, 2015. Picture taken November 12, 2015. REUTERS/HENRY ROMERO Goldcorp Inc (G.TO) has put its Los Filos gold and silver mine in Mexico on the block and is also looking at selling two other non-core mines, chief executive David Garofalo said on Thursday. Vancouver-based Goldcorp has started a formal sales process for the Los Filos mine, Garofalo said in an interview, and it is looking at options for its Alumbrera mine in Argentina and its Marlin operation in Guatemala, both of which are getting close to being mined out. "Los Filos, Marlin and Alumbrera are smaller scale mines. They don't have the economies of scale that our existing five camps offer us" or that a newly acquired gold project, Coffee, "potentially offers us once it's built out," Garofalo said. At Marlin, opportunity for significant exploration exists that might attract a small mining explorer, Garofalo said. Alumbrera's mine site infrastructure could be of value to owners of some of the nearby undeveloped deposits. Garofalo would not speculate on a sales value for any of the assets but said Goldcorp would be happy to be paid in part in the shares of the acquirer, as happened in 2010 when it sold its Escobal silver deposit to Tahoe Resources Inc (TAHO.N). Goldcorp acquired a 40 percent stake in Tahoe through that deal. It later sold its stake for around $1 billion. "We like supporting new generation producers like that and we'd be happy to do something like that with any of these assets," Garofalo said.
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