Goldcorp buys Glamis for US$8.6b

Canadian gold mining company Goldcorp said it has acquired US rival Glamis Gold Ltd for 8.6 billion dollars, creating one of the world's largest gold mining companies with combined assets of 21.3 billion dollars. The new company will keep the name Goldcorp. The new Goldcorp will have proven and probable reserves of approximately 41.1 million gold ounces, the company said.

- Yet another mega-merger.

(2006-09-05 12:41:14 SGT) [Biz] Permalink

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