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Goldcorp and Barrick team up on Chile gold mine projects
By Nicole Mordant
Reuters
Tuesday, March 28, 2017
VANCOUVER, British Columbia, Canada -- Barrick Gold Corp. and Goldcorp Inc, the world's No. 1 and No. 3 gold miners by value, have agreed to team up to potentially develop gold projects in northern Chile, Goldcorp said today, as the industry starts to put money into growth again.
In a move aimed at reducing development costs and risks, Goldcorp and Barrick will form a 50-50 joint venture to study building gold mines in Chile's Maricunga belt, Goldcorp said. That includes the Cerro Casale project, which is one of the world's biggest undeveloped gold deposits.
After five years of painful belt tightening as the price of gold fell, the world's biggest gold miners have started to loosen their purse strings to build mines and find new deposits to replenish falling production and reserves. ...
... For the remainder of the report:
http://www.reuters.com/article/us-goldcorp-barrick-gold-chile-idUSKBN16Z1FY
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