RE:Temex costs $2.43 on a price-per-ounce basisGoldcorp Inc.'s quest for new mines is a matter of survival, according to the company's chairman.
"The only way mining companies can grow is through acquisitions and the only way they can survive is through acquisitions. Sometimes, I'm not sure people outside the mining business appreciate that," Ian Telfer said in a recent interview.
"You have to keep buying stuff or you shrink … When you get to the size that we are, you have to buy things that are considerable sized and the opportunities are limited," he said.