cerro-negro

Goldcorp (NYSE:GG) Growth Looks Good for Short- and Long Term

Growth for Goldcorp (NYSE:GG) looks good over the near and long term, according to Barclays, who maintains their “Underweight” on the gold miner whil raising their price target.Barclays said, “The company’s growth profile continues to develop in both the near and long term. Over the next several months, Goldcorp anticipates to complete scoping studies at Cochenour and Noche Buena, environmental

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UBS (NYSE:UBS) Raises Goldcorp (NYSE:GG) Price Target on Andean (TSE:AND) Acquisition

UBS (NYSE:UBS) kept its “Buy” rating on Goldcorp (NYSE:GG), but raised its price target on the company to $56 a share, an increase of $2.50, on the assumption they’ll end up with Andean Resources (TSE:AND). In a note to clients, UBS said, “We estimate that with its free cash flow under UBS assumptions and proceeds from recent asset sales, Goldcorp can easily fund the Andean transaction and the

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Goldcorp (NYSE:GG) Acquires Andean (TSE:AND) Shares for $3.4 Billion

Goldcorp (NYSE:GG) announced it has acquired Andean Resources (TSE:AND), eyeing its Cerro Negro gold project in Argentina. Cerro Negro has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver. Inferred resources are 523,000 ounces of gold and 3.12 million ounces of silver.The project is wholly owned by Andean, making it even more desirable to Goldcorp.Goldcorp

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