Goldcorp Says Peru and Nevada Would Make Portfolio Perfect – by Danielle Bochove (Bloomberg News – May 22, 2018)

https://www.bloomberg.com/

Goldcorp Inc. Chief Executive Officer David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list.

In an ideal world, the company would have an asset in Nevada’s Carlin Trend. “If you’re an Americas-based gold company, you should be there. Barrick and Newmont are there and we should be there,” he said in an interview in Toronto, adding he’d also like to acquire something in Peru. “Those are the two holes in our portfolio geopolitically I’d love to be able to fill in due course.”

Barrick Gold Corp. and Newmont Mining Corp., the two largest producers of the precious metal, both have significant assets in Nevada and mines in Peru.

Finding the right assets in those locations could take five to 10 years, and would likely be funded by selling stakes in less attractive junior assets, Garofalo said.

“Now that we have this $250 million portfolio of juniors, our grassroots exploration becomes self funding because if we find something we want to invest in, something else gets sold at the bottom.”

For the rest of this article: https://www.bloomberg.com/news/articles/2018-05-21/goldcorp-says-peru-and-nevada-would-make-its-portfolio-perfect

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