Goldcorp Shrinks in Latin America With Mexican Mine Sale

Goldcorp is focusing on its most profitable assets by divesting noncore mines like Los Filos and Cerro Blanco. The strategy involves retaining equity stakes in new owners to optimize value. The company is also considering the strategic value of Camino Rojo and has sold Cerro Blanco to Bluestone Resources to offset reclamation costs. Alumbrera's future is uncertain due to the copper market surplus. The mining industry faces challenges with declining reserves, prompting a need for collaboration on new projects.

What is Goldcorp's strategy for its non-core assets?

• Merge them with other companies

• Sell them without any future interest

• Retain full ownership and control

• Retain equity stakes in new owners

What is the current status of the Camino Rojo sale process?

• It is not a formalized process

• It is in the final stages

• It is a formalized process

• It has been completed

What financial impact does the sale of Cerro Blanco have on Goldcorp?

• It results in a loss

• It increases their liabilities

• It helps mitigate reclamation costs

• It has no financial impact

What is the future plan for the Alumbrera mine?

• Immediate development

• Closure and sale

• Care and maintenance

• Expansion of operations

What is Goldcorp's approach to its core assets?

• Continue to grow and develop them

• Ignore them in favor of acquisitions

• Sell them to focus on new projects

• Lease them to other companies

What is the industry's challenge according to Goldcorp?

• Declining reserves

• Excessive competition

• Lack of skilled labor

• High operational costs

What does Goldcorp suggest for sustaining reserves?

• Focus on short-term projects

• Partner on Greenfield projects

• Increase production rates

• Reduce exploration activities