Goldcorp to buy Lindero? Big deals not on Goldcorp's radar ANDY HOFFMAN Wednesday, May 21, 2008 | |
TORONTO -- Goldcorp Inc. has no plans for major acquisitions or mergers, and is instead looking to small deals to complement its pipeline of new mines, the company's head of corporate development said yesterday.
Debt-free and with $1.3-billion (U.S.) in cash on its balance sheet, the Vancouver gold producer could afford a large-scale takeover but is focused on its slate of development projects, which it hopes will increase production by more than 50 per cent over five years, executive vice-president Charles Jeannes said.
"Acquisitions will be modest and restricted to assets near the company's current operations."
FYI: Lindero is near Alumbrera, located very nicely in Argentina, SL