- Goldcorp (NYSE:GG) has put its Los Filos gold and silver mine in Mexico up for sale, and is looking at selling its Alumbrera mine in Argentina and its Marlin operation in Guatemala, both of which are getting close to being mined out, CEO David Garofalo tells Reuters.
- Garofalo does not speculate on a sales value for any of the assets but says GG would consider getting paid in part in the shares of the acquirer, as happened in 2010 when it sold its Escobal silver deposit to Tahoe Resources.
- Shares fell 5.9% in today's trade after reporting a larger than expected Q2 loss, as production plunged by nearly a third to 613.4K oz. from 908K oz. in the year-ago period, and costs rose partly due to a maintenance shutdown and slow restart of its biggest mine.