Goldcorp's (GG) purchase of Andean Resources (ANDPF.PK) is a blow to Eldorado Gold (EGO), which...

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

Goldcorp's (GG) purchase of Andean Resources (ANDPF.PK) is a blow to Eldorado Gold (EGO), which had offered C$3.4B to buy Andean. It also adds to this year's record pace of gold mining takeovers as producers discover less of the metal while prices keep advancing.