BRIEF-Goldcorp comments on bid for Osisko

Tue, 14 Jan - 1:50am

Jan 13 (Reuters) - Goldcorp Inc G.TO :

* CEO says views osisko's OSK.TO malartic asset as a "low-risk" mine

* CEO sees potential cost synergies from acquisition of Osisko

* CEO says offer for Osisko to officially commence on Tuesday, after takeover

circular filed with regulators

* CEO says malartic would potentially be one of goldcorp's biggest free cash

flow generators, if acquisition succeeds

* CEO says with malartic asset already in production, it makes it an ideal

acquisition

* CEO says company has not had any conversations with Osisko equity, debt

holders ahead of going public with its offer

* CEO says its discussions with Osisko management stopped late last year

* Says strongly committed to retaining the company's current credit rating

* CEO says focused on this acquisition for now, not looking at doing other

deals at this point

((Toronto Desk; tel: +1 416 941 8100))

((For more news about Goldcorp Inc click here: G.TO ))

URN: 
urn:newsml:reuters.com:20140113:nWEN00C28:11
Topics: 
US FINS CMPNY CA PREC MINE DEAL1 BISV LEN MRG RTRS BACT MIN GDM BMAT BSVC FIN BNK MTAL AMERS

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com