Goldcorp Acquiring Canplats Resources

Goldcorp announced in mid-November that it will acquire Canadian exploration company Canplats Resources and its Camino Rojo project, located 50 km southeast of Goldcorp’s Peñasquito mine in Zacatecas, Mexico, in exchange for Goldcorp shares valued at about C$238 million.

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Xstrata Developing Lomas Bayas II

Xstrata Copper has received approval from the company’s board to proceed with a $293-million investment to increase the life of its Lomas Bayas mine in Chile by eight years through the development of the Fortuna del Cobre satellite ore deposit, 3 km from the existing operation.

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Silver Wheaton Buys into Barrick Silver Production

Barrick Gold and Silver Wheaton closed a transaction on September 22, 2009, whereby Silver Wheaton will acquire 25% of the life-of-mine silver production from Barrick’s cross-border Pascua-Lama gold-silver project in Chile and Argentina (E&MJ, June 2009, p. 4).

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