TransactionsGoldcorp Acquires Andean Resources for Approximately $3.6 BillionPublished: 01/19/2011 By Joan Beck, Angela Chu, Chris Hersh, Jeffrey P. Roy, Paul M. Stein, France M. Tenaille, Jennifer Traub On December 29, 2010, Goldcorp Inc. acquired all of the outstanding shares of Andean Resources Limited via a scheme of arrangement involving Andean and its shareholders. The new Goldcorp shares commenced trading on the TSX and NYSE on December 30, 2010. The acquisition of Andean enhances the gold production pipeline of Goldcorp, one of the world's fastest growing senior gold producers. Andean’s principal asset is the 100%-owned Cerro Negro gold project, an advanced-stage, high-grade vein system located in the Santa Cruz province of Argentina. Comprising 215 square kilometers, Cerro Negro currently has reported indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver. Inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver. Paul Stein (M&A, Securities and Mining), Jeff Roy (M&A, Securities and Mining), Chris Hersh (Competition), Joan Beck (M&A and Securities), France Tenaille (M&A, Business Law and Mining), Jennifer Traub (M&A, Securities and Mining), Jason MacIntosh (M&A. Securities and Mining) and Angela Chu (Securities and Mining) of Cassels Brock acted for Goldcorp Inc. in Canada. |