Bloomberg: Goldcorp considering deal for some Newmont Africa mines

|About: Goldcorp Inc. (GG)|By:, SA News Editor

Goldcorp (GG -0.7%) explored the possibility of buying African gold mines from Newmont Mining (NEM +0.1%) earlier this year during merger talks between Newmont and Barrick Gold (NYSE:ABX), Bloomberg reports.

Goldcorp expressed interest in acquiring mines in Ghana; such a move would mark a departure for GG, which only has mines in the Americas and whose CEO has said the miner is focused on large deposits with low costs, long lives and locations with low political risk.

NEM’s Ahafo and Akyem mines in Ghana accounted for 12% of company revenue in 2013.