Vancouver, Canada
Vancouver, Canada

Goldcorp is a gold producer headquartered in Vancouver, British Columbia, Canada. The company employs more than 16,000 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets include five mines in Canada and the U.S., three mines in Mexico, and two in Central and South America. Goldcorp has repeatedly been accused of harming the environment, livestock, and public health in multiple studies, contaminating areas with toxic heavy metals by its mining activities. Wikipedia.


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News Article | May 9, 2017
Site: www.prnewswire.co.uk

Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE: SLW) is pleased to announce its results for the first quarter ended March 31, 2017. All figures are presented in United States dollars unless otherwise noted. In the first quarter of 2017, Silver Wheaton's gold production and sales volumes climbed over 35% relative to the first quarter of 2016, putting the Company on track to meet or exceed full-year gold production guidance. First quarter silver production and silver sales were impacted by strike action at San Dimas. For the third consecutive quarter, revenue was roughly evenly split between silver and gold, aligning well with the proposed name change to Wheaton Precious Metals. "Silver Wheaton had a solid start to 2017 with our gold business once again delivering strong results," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "For the third quarter in a row, revenue was roughly balanced between silver and gold, further supporting the proposed name change to Wheaton Precious Metals.  While our name may be changing, our focus remains on being the premier investment option for precious metals." Revenues Revenue was $198 million in the first quarter of 2017, on sales volume of 5.2 million ounces of silver and 88,400 ounces of gold. This represents a 6% increase from the $188 million of revenue generated in the first quarter of 2016 due primarily to (i) a 35% increase in the number of gold ounces sold; (ii) a 19% increase in the average realized silver price ($17.45 in Q1 2017 compared with $14.68 in Q1 2016); (iii) a 3% increase in the average realized gold price ($1,208 in Q1 2017 compared with $1,175 in Q1 2016); partially offset by (iv) a 31% decrease in the number of silver ounces sold. Costs and Expenses Average cash costs² in the first quarter of 2017 were $4.54 per silver ounce sold and $391 per gold ounce sold, as compared with $4.14 per silver ounce and $389 per gold ounce during the comparable period of 2016. This resulted in a cash operating margin² of $12.91 per silver ounce sold and $817 per gold ounce sold, an increase of 22% and 4%, respectively, as compared with Q1 2016. The increase in the cash operating margin was primarily due to a 19% increase in the average realized silver price and a 3% increase in the average realized gold price in Q1 2017 compared with Q1 2016. Earnings and Operating Cash Flows Net earnings and cash flow from operations in the first quarter of 2017 were $61 million ($0.14 per share) and $120 million ($0.27 per share²), compared with $41 million ($0.10 per share) and $114 million ($0.28 per share²) for the same period in 2016, an increase of 49% and 5%, respectively. Balance Sheet At March 31, 2017, the Company had approximately $115 million of cash on hand and $1.1 billion outstanding under the Company's $2 billion revolving term loan (the "Revolving Facility"). On February 27, 2017, the term of the revolving term loan was extended so that it now matures on February 27, 2022. During the first quarter of 2017, attributable production was 6.5 million ounces of silver and 84,900 ounces of gold, respectively, representing a decrease of 14% and an increase of 37%, as compared with the first quarter of 2016. Operational highlights for the quarter ended March 31, 2017, based upon counterparties' reporting, are as follows: Salobo   In the first quarter of 2017, Salobo produced 53,200 ounces of attributable gold, an increase of approximately 38% relative to the first quarter of 2016. This growth was primarily due to the acquisition of an additional 25% of attributable gold from the Salobo mine in the third quarter of 2016.  According to Vale S.A.'s first quarter of 2017 production report, production was impacted by conveyor belt and plant repairs in February, as well as by lower grades. Antamina In the first quarter of 2017, Antamina produced 1.5 million ounces of attributable silver, a decrease of approximately 28% relative to the first quarter of 2016. This decrease was primarily the result of lower throughput, grades and recovery. The mine site was reportedly well prepared for the major floods and mudslides that affected Peru during the month of March, with no long-term impacts to production expected in 2017. Antamina is on track to meet the six million ounce silver forecast for full-year 2017. Peñasquito  In the first quarter of 2017, Peñasquito produced 1.3 million ounces of attributable silver, a decrease of approximately 1% relative to the first quarter of 2016. According to Goldcorp Inc.'s ("Goldcorp") first quarter of 2017 MD&A, higher grade ore is expected in the second quarter of 2017 as further mining occurs in Phase 5, after which mill feed is expected to consist of lower grade ore and stockpiled material for the remainder of 2017. Goldcorp further reports that it expects increased productivity throughout 2017 as a result of ongoing initiatives, including improved pit conditions with large and wide cut-backs, a continued focus on balancing truck haulage with available shovels, and an optimization of drill-and-blast activities. Finally, pre-stripping of the Chile Colorado pit has reportedly commenced ahead of schedule with the first two benches being mined. Goldcorp has indicated that mining of ore is expected to start in 2018. According to Goldcorp, the Pyrite Leach Project ("PLP") achieved construction progress of 6% and engineering progress of 81% by the end of the first quarter of 2017, with major procurement activities nearing completion, material and equipment arriving on site and major works contractors having mobilized to site. Goldcorp also reports that earthwork activities are now complete, concrete works are underway, and mechanical works installation will commence in the second quarter of 2017. As part of the PLP, a carbon pre-flotation facility is being constructed which will reportedly allow Peñasquito to process ore which was previously considered uneconomic, including significant amounts already in stockpiles. San Dimas In the first quarter of 2017, San Dimas produced 0.6 million ounces of attributable silver, a decrease of approximately 33% relative to the first quarter of 2016. Operations at San Dimas resumed on April 18, 2017, after Primero resolved the work stoppage of unionized employees that began on February 15, 2017. Primero announced that it has a new CBA with the National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic. Primero believes the new CBA allows for a competitive cost structure and improved performance bonus parameters aligned to the future success of San Dimas operations. A phased restart of the San Dimas operation is currently underway, and Primero is guiding for 2017 silver production of between 4.5 to 5.5 million ounces. On March 30, 2017, Silver Wheaton and certain of its subsidiaries provided a guarantee to the lenders under Primero's existing revolving credit facility, which is set to mature on November 23, 2017, capped at a maximum of $81.5 million, plus interest, fees and expenses. Primero will pay Silver Wheaton a fee of 5% per annum in connection with the guarantee. Sudbury In the first quarter of 2017, Vale's Sudbury mines produced 15,100 ounces of attributable gold, an increase of approximately 91% relative to the first quarter of 2016. This increase was attributable to higher grades and recovery more than offsetting lower throughput. According to Vale's first quarter of 2017 production report, production in the second quarter of 2017 will be impacted as Vale took furnace #2 offline mid-March for a three-month long rebuild and expansion in its' capacity as this will be the furnace in operation when Sudbury officially transitions to a single furnace in the fourth quarter of 2017. Furthermore, in the second quarter, Sudbury will have its three-week long surface plant wide scheduled maintenance shutdown, which occurs every 18 months. Constancia In the first quarter of 2017, Constancia produced 0.5 million ounces of attributable silver and 2,400 ounces of attributable gold, an increase of approximately 6% for silver production and a decrease of approximately 29% for gold production relative to the first quarter of 2016. Lower grades were more than offset for silver and partially offset for gold by increased throughput and recovery. According to Hudbay Minerals Inc.'s ("Hudbay") first quarter of 2017 MD&A, ore mined at Constancia during the first quarter of 2017 increased by 6% compared to the same period in 2016 as the company wanted to increase stockpiles to improve the ability to blend ore at the processing plant. Other Gold  In the first quarter of 2017, total Other Gold attributable production was 14,200 ounces, an increase of approximately 17% relative to the first quarter of 2016. The increase was driven primarily by higher grades at Minto, partially offset by lower attributable production at 777. Other Silver  In the first quarter of 2017, total Other Silver attributable production was 2.5 million ounces, a decrease of approximately 7% relative to the first quarter of 2016. The decrease was driven primarily due to lower grades, throughput, and recovery at Yauliyacu and Zinkgruvan, partially offset by higher throughput and grades at Pierina. In March 2017, the Company amended its silver purchase agreement with Alexco Resource Corp. ("Alexco") to make the production payment a function of the silver head grade and silver spot price in the month in which the silver is produced. In addition, the area of interest was expanded to include properties currently owned by Alexco and properties acquired by Alexco in the future which fall within a one kilometer radius of existing Alexco holdings in the Keno Hill Silver District. As consideration of the amendments, on April 10, 2017 Alexco issued 3 million shares to Silver Wheaton with a fair value of $5 million. Development Update - Rosemont Hudbay has completed an updated feasibility study for its Rosemont project in Arizona, United States. Since their acquisition of Rosemont, Hudbay has completed an extensive work program, including in-fill drilling, detailed metallurgical test work, and a bottom-up approach to cost estimation, along with other feasibility-level work, as detailed in the National Instrument 43-101 technical report ("Rosemont Technical Report") in respect to the Rosemont project dated March 30, 2017. Rosemont will be a traditional open pit, shovel and truck operation with an expected 19-year mine life. Project capital cost for Rosemont is now estimated at approximately $1.9 billion (100% basis) and is expected to be spent over a three-year construction period. Subsequent to the quarter, Hudbay announced in its news release dated May 8, 2017, that the U.S. Forest Service has published a notice to the U.S. Federal Register regarding the Rosemont project. The notice states that, "The Record of Decision (ROD) for the Rosemont Copper Project is expected to be signed in early June, 2017 by (the) Coronado National Forest Supervisor." The Final Record of Decision is one of the two key federal permits outstanding, the other being the Section 404 Water Permit from the U.S. Army Corps of Engineers. As per the precious metals streaming agreement, Silver Wheaton (Caymans) Ltd. will provide a payment of a $230 million deposit upon achievement of certain milestones in exchange for an amount equal to 100% of the life of mine silver and gold production from Rosemont[3]. Produced But Not Yet Delivered [4]  As at March 31, 2017, payable ounces attributable to the Company produced but not yet delivered³ amounted to 3.9 million payable silver ounces and 51,500 payable gold ounces, representing an increase of 0.6 million payable silver ounces  and a decrease of 8,100 payable gold ounces during the three month period ended March 31, 2017. Payable silver ounces produced but not yet delivered increased primarily as a result of increases related to the Peñasquito, Antamina, Zinkgruvan, and Yauliyacu silver interests, partially offset by a decrease related to the San Dimas silver interest. Payable gold ounces produced but not yet delivered decreased primarily as a result of decreases related to the Salobo and 777 gold interests, offset partially by an increase related to the Sudbury gold interest. Payable ounces produced but not yet delivered to Silver Wheaton companies are expected to average approximately two months of annualized production but may vary from quarter to quarter due to a number of mining operation factors including mine ramp-up and timing of shipments. Detailed mine-by-mine production and sales figures can be found in the Appendix to this press release and in Silver Wheaton's consolidated MD&A in the 'Results of Operations and Operational Review' section. Silver Wheaton's estimated attributable silver and gold production in 2017 is forecast to be 28 million silver ounces and 340,000 gold ounces. Estimated average annual attributable silver and gold production over the next five years (including 2017) is anticipated to be approximately 29 million silver ounces and 340,000 gold ounces per year. As a reminder, Silver Wheaton does not include any production from Barrick's Pascua-Lama project or Hudbay's Rosemont project in its guidance. From a liquidity perspective, the $115 million of cash and cash equivalents as at March 31, 2017 combined with the liquidity provided by the available credit under the $2 billion Revolving Facility and ongoing operating cash flows positions the Company well to fund all outstanding commitments and known contingencies as well as providing flexibility to acquire additional accretive precious metal stream interests. A conference call and webcast will be held Wednesday, May 10, 2017, starting at 11:00 am (Eastern Time) to discuss these results. To participate in the live call, please use one of the following methods: Participants should dial in five to ten minutes before the call. The conference call will be recorded and available until May 17, 2017 at 11:59 pm ET. The webcast will be available for one year. You can listen to an archive of the call by one of the following methods: This earnings release should be read in conjunction with Silver Wheaton's MD&A and Financial Statements, which are available on the Company's website at http://www.silverwheaton.com and have been posted on SEDAR at http://www.sedar.com. Mr. Neil Burns, Vice President, Technical Services for Silver Wheaton, is a "qualified person" as such term is defined under National Instrument 43-101, and has reviewed and approved the technical information including information on mineral reserves and mineral resources disclosed in this news release. Silver Wheaton believes that there are no significant differences between its corporate governance practices and those required to be followed by United States domestic issuers under the NYSE listing standards. This confirmation is located on the Silver Wheaton website at http://www.silverwheaton.com/company/corporate-governance/default.aspx. The Company currently has eight reportable operating segments: the silver produced by the San Dimas, Peñasquito and Antamina mines, the gold produced by the Sudbury and Salobo mines, the silver and gold produced by the Constancia mine and the Other mines and corporate operations. On a silver equivalent and gold equivalent basis, results for the Company for the three months ended March 31, 2017 were as follows: On a silver equivalent and gold equivalent basis, results for the Company for the three months ended March 31, 2016 were as follows: Silver Wheaton has included, throughout this document, certain non-IFRS performance measures, including (i) operating cash flow per share (basic and diluted); (ii) average cash costs of silver and gold on a per ounce basis and; (iii) cash operating margin. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently.  The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For more detailed information, please refer to Silver Wheaton's MD&A available on the Company's website at http://www.silverwheaton.com and posted on SEDAR at http://www.sedar.com. The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to: Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or "does not anticipate", or "believes", "potential", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Silver Wheaton to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: Forward-looking statements are based on assumptions management currently believes to be reasonable, including but not limited to: Although Silver Wheaton has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Silver Wheaton. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. The forward-looking statements included herein are for the purpose of providing investors with information to assist them in understanding Silver Wheaton's expected financial and operational performance and may not be appropriate for other purposes. Any forward looking statement speaks only as of the date on which it is made. Silver Wheaton does not undertake to update any forward-looking statements that are included or incorporated by reference herein, except in accordance with applicable securities laws. For further information on Mineral Reserves and Mineral Resources and on Silver Wheaton more generally, readers should refer to Silver Wheaton's Annual Information Form for the year ended December 31, 2016 and other continuous disclosure documents filed by Silver Wheaton since January 1, 2017, available on SEDAR at http://www.sedar.com. Silver Wheaton's Mineral Reserves and Mineral Resources are subject to the qualifications and notes set forth therein. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: The information contained herein has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms defined in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). These definitions differ from the definitions in Industry Guide 7 ("SEC Industry Guide 7") under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Also, under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, information contained herein that describes Silver Wheaton's mineral deposits may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder. United States investors are urged to consider closely the disclosure in Silver Wheaton's Form 40-F, a copy of which may be obtained from Silver Wheaton or from http://www.sec.gov/edgar.shtml. In accordance with the Company's MD&A and financial statements, reference to the Company includes the Company's wholly owned subsidiaries.


News Article | May 9, 2017
Site: www.prnewswire.com

Legendary billionaire investor Warren Buffett, of Berkshire Hathaway Inc. (NYSE: BRK.A), who noted that the U.S. is "less well equipped to handle a financial crisis today than we were in 2008." One of the world's biggest legends in mining, Canadian billionaire Frank Giustra, is pouncing on gold voraciously, and where his gold money goes, markets tend to follow. Giustra is putting his money where his mouth is-and so far, he's been spot on. According to Giustra, the worsening political and economic uncertainty on the global stage was going to feed an incredibly bullish gold market--one that could quite possibly surpass the $1900 an ounce mark. So, says Giustra, if you're looking at gold as an investor, you've got to get in now because this window is closing fast. Here are our 5 top picks for gold right now: #1 Goldcorp Inc (NYSE: GG) Goldcorp has seen lowering shares for the past three years, but it's now clearly on the rebound, with stocks climbing and management working hard at increasing shareholder value. The company has committed $1 billion to growth in a partnership with Barrick Gold. It expects to see production growth of 20% to 3 million ounces in the next five years. With this pick, we're looking at some solid exploration catalysts. Most notably, the company saw positive results from drilling at its Cerro Negro project in southern Argentina. This is one of the largest gold mines in the world, with estimated reserves of 5.74 million ounces of gold and nearly 50 million ounces of silver. It's also seen some other positive forward movement, including the launch of drilling at its Coffee Gold project in Yukon, and exploration progress at the Timmins Camp in Ontario. And the partnership with Barrick in Chile will give it a stake in one of the biggest, most underdeveloped gold plays in the world. Goldcorp is one of the top three players in the world for precious metals, and last quarter saw the Canadian giant swing into major profits. #2 Fiore Exploration (F.V; FIORF) This is the junior with the most on the gold scene. Fiore Exploration has been scooping up undervalued, unexplored and underexplored assets in known mining districts with multi-million-ounce deposits. Right now, it has three major projects which surround giant miners and massive producing mines in Chile. But at the end of the day, this company stands out because it is a junior explorer that has managed to do the impossible: secure highly prospective and massive exploration concessions that are almost always reserved by the major miners. Fiore has scooped up almost all the best exploration territory surrounding the world-class El Penon gold mine owned by major player Yamana Gold (NYSE: AUY). In fact, Fiore has acquired a massive land package of three separate blocks. In the industry, 'closeology' is one of the deciding factor of success-and Fiore has it in droves. Fiore now surrounds this massive mine on three sides, so they've inherited all the infrastructure, and a massive exploration patch in a known money-maker. Additionally, Fiore now has two other highly prospective projects in Chile: the Cerro Tostado-again, flanking Yamana, Anglo American's El Soldado mine and Austral Gold's El Guanaco mine-and Rio Loa, which it acquired in April sitting on Chile's prolific Maricunga belt. Rio Loa is also right next to Gold Field's 3.3-million-ounce Salares Norte discovery. Fiore (F.V; FIORF) is backed by legendary financer Frank Giustra, so it's had no trouble raising the capital needed to drill, and drilling results will be coming in soon. CEO Tim Warman is a 25-year mining veteran perhaps best known for closing a $1.2-billion deal with Kinross. Warman has a long track record of making multi-million-dollar discoveries and keeping his shareholders very happy, both with Aurelian Resources and Dalradian. In fact, Aurelian sold to Kinross for $1.2 billion, while Dalradian's stock hit a market cap of a couple hundred million dollars. Kudos to this junior for pulling off a major play, and investors will be keen on the 'Giustra Premium'. #3 Yamana Gold (NYSE: AUY) There's plenty of reason to be bullish on Yamana's long term. This is a leader in the gold segment. Yamana's El Peñón mine is one of the most prolific gold and silver mines in Latin America, whether we're talking about either size or grade. It's massive, and its high-grade. El Peñón has produced over 3 million ounces of world-class gold and more than 90 million ounces of silver since it went into production in 2000. Annually, this mine accounts for 18% of Yamana's gold production, and annually it produces nearly 230,000 ounces of gold for the company. And there's still a lot to come: We're still looking at 2.4 million ounces of gold left in the mine, and another 77 million ounces of silver. One catalyst in particular that we're looking at is the development of the Cerro Moro mine, which is expected to start producing early next year. The forecast is for 80,000 ounces of gold in 2018 and 130,000 ounces in 2019. We don't give it the number one spot on this list, though because of the dilution of shareholder value. The company has not reduced its debt load as much as Barrick or its other peers. Newmont Mining approved three new projects in 1Q17 and upgraded its long-term guidance as a result. The giant has reduced its net debt to $1.7 billion and it's sitting on $2.9 billion in cash, so the year is looking quite good. The only thing holding it back is the fact that Barrick and Goldcorp stole the show up until now, but Newmont is catching up nicely and should not be overlooked. It has definitely been a strong year for Newmont, up over 32% in the past 12 months, though there's still room to improve on this. Share prices are still down from their highs, but climbing-which makes it a good game to get it on. Catalysts include some solid African expansion projects. Barrick is a solid long-term play. It's the largest producer in the world, and it's working hard to cut costs. Shareholders don't mind at all because it even raised dividends last year. Of all the big miners, Barrick has one of the lowest cost structures. And there are plenty of catalysts even beyond broader gold fundamentals. Word is that Barrick is considering the sale of all or part of its Lagunas Norte mine in Peru, which is potentially worth anywhere from $700 million to $1.4 billion. As gold climbs, Barrick is extremely well-positioned to make attractive gains. By. Charles Kennedy Legal Disclaimer/Disclosure from OilPrice.com: This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Oilprice.com only and are subject to change without notice. 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News Article | May 9, 2017
Site: www.marketwired.com

MONTRÉAL, QUÉBEC--(Marketwired - 9 mai 2017) - Les dirigeants de Ressources SIRIOS inc. (TSX CROISSANCE:SOI) ont le plaisir d'annoncer les résultats de trois sondages effectués dans le secteur Ouest situé à environ 750 mètres à l'ouest du secteur Central où sont situés la majorité des sondages sur la propriété aurifère Cheechoo. Le sondage #95, situé dans le secteur Ouest, avait été analysé en priorité et les résultats d'analyses annoncés antérieurement (voir communiqué du 6 mars 2017). La campagne de forage d'hiver sur Cheechoo s'est terminée à la mi-avril. Un total de 5 397 mètres a été foré dans quatorze sondages (#94 à #107) et quatre extensions en profondeur (#36E, 37E, 58E et 82E). Trois sondages (#82E, #94 et #98) ont atteint des profondeurs de 500 à 750 mètres afin de tester le contact interprété tonalite/méta-sédiments. Ils ont bel et bien recoupé le contact qui est principalement constitué d'une séquence de sédiments et de tonalite en alternance. Les résultats d'analyses des sondages #36E, 37E, 82E, 94, 98 et 100 à 107 sont toujours en attente ou en cours de compilation. Un tableau de toutes les analyses formant les intervalles décrits dans le tableau ci-dessus est disponible sur le site web de Sirios au lien suivant : Une carte localisant les sondages de même que leurs coordonnées sont disponibles aux liens suivants : La propriété Cheechoo, détenue à 100% par Sirios, est située à Eeyou Istchee Baie James au Québec, à 800 km au nord de Montréal, à 200 km à l'est de Wemindji et à moins de 10 km de la mine d'or Éléonore du producteur Goldcorp. Toutes les carottes de forage, de calibre NQ, ont été décrites par le personnel de Sirios au camp d'exploration Cheechoo. Elles ont ensuite été expédiées à Rouyn-Noranda pour y être sciées en deux moitiés, dont une, envoyée à un laboratoire commercial pour fins d'analyse, et l'autre, conservée pour référence future. Suivant un programme strict d'assurance et de contrôle de qualité analytique, des blancs et des standards de référence certifiés ont été intégrés à la séquence d'échantillonnage, le tout ayant été effectués par Services Technominex inc. de Rouyn-Noranda. Ils ont ensuite été analysés pour l'or par pyro-analyse et finition à l'absorption atomique par les laboratoires Actlabs situés à Ste-Germaine-Boulé à proximité de Rouyn-Noranda. Les analyses significatives titrant plus de 3 g/t ont de plus été répétées au laboratoire. Les carottes avec présence d'or visible ou encore provenant de zones aurifères suspectées ont été analysées par pyro-analyse avec tamisage métallique à partir d'un échantillon d'environ 1kg. Jordi Turcotte, Msc., géo. et Jacquelin Gauthier, géo., personnes qualifiées selon la Norme 43-101 ont préparé et vérifié les informations techniques de ce communiqué de presse, et ils ont révisé la version final du texte. La Bourse de croissance TSX et son fournisseur de services de réglementation (tel que défini dans les Règles de la Bourse de croissance TSX-V) ne peuvent être tenus responsables de l'exactitude ou de la véracité du présent communiqué.


News Article | May 9, 2017
Site: www.marketwired.com

MONTREAL, QUEBEC--(Marketwired - May 9, 2017) - Management of SIRIOS Resources inc. (TSX VENTURE:SOI) is pleased to announce results of three drill holes completed in the West area located at approximately 750 metres west of the Central area where the majority of drill holes were performed on the Cheechoo Gold Property. Drill hole #95, located in the West area, was assayed in priority and assay results were published previously (see March 6, 2017 press release). The winter drilling campaign on Cheechoo ended mid-April. A total of 5,397 meters was drilled in fourteen drill holes (#94 to #107) and four extensions at depth (#36E, 37E, 58E and 82E). Three drill holes (#82E, #94 and #98) reached depths of 500 to 750 metres in order to test the interpreted tonalite/meta-sediments contact. They did intersect the contact which is mainly made of a sequence of alternating sediments and tonalite. Assay results from drill holes # 36E, 37E, 82E, 94, 98 and 100 to 107 are still pending or being compiled. A table of all assays encompassing described intervals in the table above is available on the Sirios website at the following link: A location map of drill holes as well as their coordinates are available at following links: Sirios's fully owned Cheechoo property is located at Eeyou Istchee James Bay, Quebec, at 800 km north of Montreal, 200 km east of Wemindji and less than 10 km of the Éléonore goldmine of the producer Goldcorp. All NQ drill cores were described by Sirios personnel at the Cheechoo exploration camp. They were then sent to Rouyn-Noranda to be sawed in half, with one half sent to a commercial laboratory for assaying and other half retained as future reference. A strict QA/QC program was followed by integrating blanks and standards to core samples sequence, all of which were prepared by Services Technominex Inc. of Rouyn-Noranda. They were then assayed for gold by fire assay and atomic absorption finish by Actlabs in Ste-Germaine-Boulé, close to Rouyn-Noranda. Samples grading more than 3 g/t were repeated at the lab. Drill core samples with visible gold or from suspected gold zones were assayed by pyro-analysis with metallic sieve from a sample of about 1 kg. Jordi Turcotte, MSc., Geo. and Jacquelin Gauthier, Geo., Qualified Persons pursuant to National Instrument 43-101, have prepared and verified the technical information of this press release, as well as reviewing the final text. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | May 10, 2017
Site: www.marketwired.com

MONTREAL, QUEBEC--(Marketwired - May 10, 2017) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce that the Board of Directors has approved the nomination of Mr. Paul Archer as Director of the Company. "It is a privilege to have Mr. Archer join our team, which already boasts considerable expertise. Mr. Archer brings to our board his extensive experience gained while working at Osisko Gold Royalties Ltd ("Osisko") and Virginia Mines Inc. ("Virginia"), and his remarkable success in exploration with the discovery of the Eleonore gold deposit. We are thrilled to know that the Company will benefit from his knowledge and skill set in the years to come", commented the President and CEO, Mr. Gino Roger. Midland announces that it has granted incentive stock options to Mr. Archer to acquire 100,000 common shares at $1.04 per share, for a period of 10 years. These incentive stock options have been granted in accordance with Midland's Stock Option Plan. Mr. Paul Archer has a Bachelor's degree in Geological Engineering and a Master's degree in Earth Science. He has more than 35 years of experience in the mining industry, particularly in exploration for gold and base metals in Archean terrains. He developed his expertise working with various companies, including Shell Minerals, Noranda Exploration, Northgate Explorations, Westminer Canada and SOQUEM, where he was Regional Manager for Northern Quebec. On May 1, 1996, Mr. Archer joined Virginia Mines as Vice-President of Exploration and Acquisitions and Director. Mr. Archer was actively involved in the discovery and development of the Eleonore project, from the preliminary field campaign through to the sale of the deposit to Goldcorp. In November 2014, he joined Osisko's management team following the Osisko/Virginia merger. He was elected President of the Quebec Prospectors Association in 1996 and 1997. Over the years, Mr. Archer has received, on behalf of Virginia, several prestigious prizes, including the Bill Dennis Award from the PDAC in 2006 for the discovery of the Eleonore deposit. Mr. Archer is also a member of various professional associations, including the Ordre des Ingénieurs du Québec. After a successful and compelling career, Mr. Archer recently announced he would be retiring from Osisko in early July 2017. Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements, base metals and rare earth elements. Midland is proud to count on reputable partners such as Agnico Eagle Mines Limited, Teck Resources Limited, IAMGOLD Corporation, Osisko Mining Inc., Altius Minerals Corp., SOQUEM INC., Japan Oil and Gas and Metals National Corporation, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland's periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.


VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 11, 2017) - Pure Gold Mining Inc. (TSX VENTURE:PGM) ("Pure Gold" or the "Company") is pleased to announce additional drill results from the Russet South Target on the Company's 100% owned Madsen Gold Project ("Madsen"). The concurrent expansion of mineral zones at Russet South is an important component of Pure Gold's growth strategy which remains focused on resource expansion close to existing mine infrastructure. "The Russet South area is turning into an exceptional satellite prospect and complements our ongoing drilling success at the Austin and McVeigh horizons. The association of very high gold grades along the contacts of folded ultramafic units is directly analogous to the setting of the High Grade Zone at Goldcorp's Red Lake Mine as well as the 8 Zone at Madsen, which occurs 1,600m down dip from Russet South," said Darin Labrenz, President and CEO of Pure Gold2. "To date, the Russet South Target has delivered an exceptional hit ratio, with 37 out of 101 holes drilled to date by Pure Gold showing visible gold and reporting intercepts in excess of 5 g/t gold." Mineralization reported herein is associated with both the footwall and hanging wall contacts of a folded ultramafic unit that forms the center of the Russet South Target. Drill hole PG17-364 intersected gold mineralization on the western, footwall side of the ultramafic returning 27.1 g/t gold over 5.8 metres approximately 50 metres down dip of PG17-341 which returned 21.4 g/t gold over 1.9 metres, and approximately 150 metres along strike to the southwest from a previously reported intercept in PG15-028 of 8.2 g/t gold over 11.0 metres1,3. This zone is open for expansion to the south and down plunge where it has seen limited drill testing. Additionally, drilling has intersected gold mineralization on the eastern, hanging wall contact of the same ultramafic, with hole PG17-391 returning 80.7 g/t gold over 1.0 metre on the south end, and PG17-371 returning 11.3 g/t gold over 1.0 metre approximately 190 metres to the north. The hanging wall contact of this unit has been sparsely tested by Pure Gold and is open for expansion in all directions. Drill hole PG17-352 expands the recently reported discovery zone at Russet South with 17.7 g/t gold over 2.0 metres returned approximately 190 metres north of drill hole PG17-335 which intersected 4.4 g/t gold over 12.0 metres1. This hole expands the new gold zone located on the eastern side of Russet South to a total strike length of 320 metres. Mineralization is associated with deformed blue-grey quartz veins hosted in a 200 metre thick wedge of Basalt located between two distinct Ultramafic units, and remains open in all directions. It is expected that the next phase of drilling at Russet South will continue to test these gold zones beyond the current vertical extents of approximately 200 metres below surface. New assay results from select drill holes are outlined below: For a plan map showing the setting of the Russet South targets, click link below: For a cross section showing the setting of the Russet South targets, click link below: For a complete list of 2017 drill results to date, click link below: While drilling at Russet South has paused for spring break-up, Pure Gold's 2017 exploration program is on-going with four drill rigs currently testing resource growth potential near the mine infrastructure and along the more than five kilometre strike length of the Madsen mineral system. The program is expected to include 70,000 metres of core drilling, and will include underground drilling, expected to commence in Q2 2017. Further results will be released as available. The Madsen Mine operated for over 36 years with historic production of 2.5 million ounces at an average grade of 9.9 g/t gold. The Madsen Gold Project hosts a permitted mill and tailings facility, and access to power, water and labour. The Madsen Gold Project has an Indicated Resource of 928,000 ounces gold at 8.93 g/t gold (in 3.24 million tonnes) and an Inferred Resource of 297,000 ounces gold at 11.74 g/t gold (in 0.79 million tonnes)4. The mineral resource is based on 13,624 drill holes, evenly dispersed throughout the mineral resource. A robust geologic model based on 27 levels of geological mapping and chip sampling provides a solid understanding of the geology and continuity of mineralization. In addition to the mineral resource, the Madsen Gold Project hosts a number of prospective new discoveries including the Fork Zone and Russet South targets, as well as, two significant historic underground mines. Pure Gold believes the opportunity exists to advance these targets through the application of modern exploration science and a new understanding of the district. Drill core samples are bagged and sealed and submitted to SGS in Red Lake, Ontario for sample preparation by crushing to 75% less than 2mm, a riffle split of 1kg, and pulverization of the split to better than 85% passing 75 microns. Gold analysis is completed in the SGS Red Lake lab with a 30g fire assay and AAS finish (code GE-FAA313). Samples returning >5 g/t Au are re-assayed with a gravimetric finish (code GO-FAG303). Mineralized zones with visible gold are also analyzed by a 1kg screen fire assay with screening to 106 microns (code GO-FAS51K). Two 30g fire assays are conducted on the screen undersize and combined with an assay of the entire oversize fraction. Control samples (accredited standards and non-accredited blanks) were inserted on a regular basis. Results are assessed for accuracy, precision and contamination on an ongoing basis. Phil Smerchanski, P. Geo., Vice President, Exploration for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Our mandate is pure and simple. To dream big. To colour outside the lines. To use smart science and creativity to unlock the next major discovery at the Madsen Gold Project in Red Lake, Ontario. And become Canada's next iconic gold company. Additional information about the Company and its activities may be found on the Company's website at www.puregoldmining.ca and under the Company's profile at www.sedar.com. ON BEHALF OF THE BOARD, All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Pure Gold within the meaning of applicable securities laws, including, but not limited to statements with respect to those that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Pure Gold and there is no assurance they will prove to be correct. Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results at the Madsen Gold Project; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated June 17, 2016 in the section entitled "Risk Factors", under Pure Gold's SEDAR profile at www.sedar.com. Although Pure Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Pure Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.


News Article | June 21, 2017
Site: www.prnewswire.com

CST Trust Company (the "Depositary") has reported that as at 5:00 p.m. (Toronto time) on June 20, 2017, the expiry of the mandatory extension period of the Offer, a total of 2,435,950 Exeter Shares had been validly deposited and immediately taken up under the Offer during the mandatory extension period, which represents 2.6% of the total number of Exeter Shares outstanding, excluding those beneficially owned, or over which control or direction is exercised, by the Offeror and its affiliates and associates and any person acting jointly or in concert with the Offeror. During the mandatory extension period, all deposited Exeter Shares were immediately taken up and paid for. If Exeter Shares were tendered through brokers or financial intermediaries, holders of such Exeter Shares will receive payment for their shares through their broker or financial intermediary. Goldcorp now intends to move forward with a subsequent acquisition transaction to acquire the remaining Exeter Shares not tendered to the Offer, which would include causing a special meeting of Exeter shareholders to be called to consider a statutory plan of arrangement.  Details of the subsequent acquisition transaction will be announced in due course. In connection with the subsequent acquisition transaction, Exeter would send to its shareholders and file with Canadian securities regulatory authorities and furnish to the Securities and Exchange Commission (the "SEC") a proxy circular relating to the subsequent acquisition transaction (the "Proxy Circular").  This news release is not a substitute for the Proxy Circular or any other documents filed with the SEC by Exeter or Goldcorp.  EXETER SHAREHOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THESE DOCUMENTS, ALL DOCUMENTS INCORPORATED BY REFERENCE, ALL OTHER APPLICABLE DOCUMENTS AND ANY AMENDMENTS OR SUPPLEMENTS TO ANY SUCH DOCUMENTS BECAUSE EACH WILL CONTAIN IMPORTANT INFORMATION ABOUT GOLDCORP, EXETER AND THE SUBSEQUENT ACQUISITION TRANSACTION.  Materials filed with the Canadian securities regulatory authorities are available electronically on SEDAR at . Materials filed with the SEC are available electronically without charge at the SEC's website at .  Documents may also be obtained free of charge from the Information Agent, Kingsdale Advisors at 1-866-851-2743 or by contacting the Corporate Secretary of Goldcorp at 3400-666 Burrard Street, Vancouver, B.C. Canada V6C 2X8 (604) 696-3000. Following the completion of the subsequent acquisition transaction, Goldcorp intends to cause Exeter to apply to the Toronto Stock Exchange (the "TSX"), the New York Stock Exchange Market ("NYSE MKT") and the Börse Frankfurt (Frankfurt Stock Exchange) to delist the Exeter Shares from the TSX, NYSE MKT and Frankfurt Stock Exchange, respectively, and if permitted by applicable law, cause Exeter to cease to be a reporting issuer (or equivalent) under applicable Canadian and United States securities laws. An early warning report will be filed on SEDAR at www.sedar.com under Exeter's profile. In order to obtain a copy of the early warning report, please contact Randall Chatwin, Assistant General Counsel at Goldcorp, at telephone number: 604-696-3000. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Goldcorp or Exeter. Any questions relating to the subsequent acquisition transaction can be directed to: Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines. This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended,  the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, and "forward-looking information" under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp. Forward-looking statements include, but are not limited to, statements with respect to the anticipated benefits of the acquisition of Exeter to Goldcorp, the  number of Goldcorp shares to be issued, timing and anticipated take-up and payment, the ability of Goldcorp to complete any compulsory acquisition or subsequent acquisition transaction, the development of the Caspiche project, the future price of gold, silver, copper, lead and zinc, the estimation of Mineral Reserves (as defined below) and Mineral Resources (as defined below), the realization of Mineral Reserve estimates, the timing and amount of estimated future production, costs of production, targeted cost reductions, capital expenditures, free cash flow, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" , "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" , "believes", or variations or comparable language of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of Goldcorp to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Goldcorp will operate in the future, including the price of gold, anticipated costs and ability to achieve goals. In respect of the forward-looking statements concerning the anticipated completion of the proposed Offer and the anticipated timing for completion of the Offer, Goldcorp has provided them in reliance on certain assumptions that they believe are reasonable at this time. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, among others, gold price volatility, discrepancies between actual and estimated production, Mineral Reserves and Mineral Resources and metallurgical recoveries, mining operational and development risks, litigation risks, regulatory restrictions (including environmental regulatory restrictions and liability), changes in national and local government legislation, taxation, controls or regulations and/or change in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which the Company does or may carry on business in the future, delays, suspension and technical challenges associated with capital projects, higher prices for fuel, steel, power, labour and other consumables, currency fluctuations, the speculative nature of gold exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees, additional funding requirements and defective title to mineral claims or property. Although Goldcorp believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the risk that the transaction or any compulsory acquisition or subsequent acquisition transaction may not close when planned or at all or on the terms and conditions set forth in the Offer to Purchase; the benefits expected from the Offer not being realized; risks related to the integration of acquisitions; risks related to international operations, including economic and political instability in foreign jurisdictions in which Goldcorp operates; risks related to current global financial conditions; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; environmental risks; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; mine development and operating risks; accidents, labour disputes and other risks of the mining industry; risks associated with restructuring and cost-efficiency initiatives; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; risks related to the integration of acquisitions; risks related to indebtedness and the service of such indebtedness, as well as those factors discussed in the section entitled "Description of the Business – Risk Factors" in Goldcorp's most recent annual information form  available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. Except as otherwise indicated by Goldcorp, these statements do not reflect the potential impact of any non-recurring or other special items or of any disposition, monetization, merger, acquisition, other business combination or other transaction that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of Goldcorp's operating environment. Goldcorp does not intend or undertake to publicly update any forward-looking statements that are included in this document, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.


The period during which Exeter Shares may be deposited under the Offer is being extended for the mandatory extension period of ten days until 5:00 p.m. (Toronto time) on June 20, 2017, unless further extended, to allow Exeter shareholders ("Shareholders") who have not yet tendered their Exeter Shares to the Offer an opportunity to do so. Holders of Exeter Shares that accept the Offer will receive 0.12 of a Goldcorp common share in exchange for each Exeter Share acquired by Goldcorp. Notice has been provided to the Depositary and a Notice of Extension has been filed regarding the mandatory extension to 5:00 p.m. (Toronto time) on June 20, 2017, unless the Offer is further extended, with Canadian and U.S. securities regulatory authorities and will be mailed in accordance with applicable law. Shareholders who have previously validly deposited their Exeter Shares do not need to take any further action to accept the Offer. The Offeror will immediately take up and promptly pay for the Exeter Shares deposited under the Offer during the mandatory extension period. Immediately prior to this take up and payment, the Offeror did not own any Exeter Shares. Following the take up and payment, the Offeror will own and control 74,992,886 Exeter Shares representing, on a non-diluted basis, approximately 80.5% of the issued and outstanding Exeter Shares. As described in the offer to purchase and circular (as amended), the Offeror intends to replace the current Exeter board of directors and carry out a compulsory acquisition or subsequent acquisition transaction to acquire any Exeter Shares that are not validly deposited under the Offer or any extensions thereof. Shareholders who have not deposited or do not deposit their Exeter Shares pursuant to the Offer prior to such time will continue to hold their Exeter Shares. The full details of the Offer are set out in the offer to purchase and take-over bid circular, the Notice of Extension and accompanying offer documents (collectively, the "Offer Documents"), which are available on SEDAR at  under Exeter's profile. Goldcorp also concurrently filed with the Securities and Exchange Commission (the "SEC") an amendment to its registration statement on Form F-10 (the "Registration Statement"), which contains a prospectus relating to the Offer, and an amendment to its tender offer statement on Schedule TO, as amended. Exeter has filed with the SEC a Schedule 14D-9 related to the Offer and Exeter's directors' circular dated April 20, 2017, and amended May 26, 2017. Materials filed with the SEC are available electronically without charge at the SEC's website at .  Documents may also be obtained free of charge from the Offeror by contacting the Information Agent, Kingsdale Advisors at 1-866-851-2743. EXETER SHAREHOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THESE DOCUMENTS, ALL DOCUMENTS INCORPORATED BY REFERENCE, ALL OTHER APPLICABLE DOCUMENTS AND ANY AMENDMENTS OR SUPPLEMENTS TO ANY SUCH DOCUMENTS BECAUSE EACH WILL CONTAIN IMPORTANT INFORMATION ABOUT GOLDCORP, EXETER AND THE OFFER.  This extension constitutes a "subsequent offering period" under U.S. securities laws.  A subsequent offering period does not constitute an extension of the Offer for purposes of U.S. securities laws.  Any Exeter Shares tendered during this subsequent offering period will be immediately taken up and be promptly paid. An early warning report will be filed on SEDAR at www.sedar.com under Exeter's profile. In order to obtain a copy of the early warning report, please contact Randall Chatwin, Assistant General Counsel at Goldcorp, at telephone number: 604-696-3000 This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Goldcorp or Exeter. The securities registered pursuant to the Registration Statement are not offered in any jurisdiction in which such offer is not permitted. Any questions relating to depositing Exeter Shares can be directed to: Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines. This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended,  the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, and "forward-looking information" under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp. Forward-looking statements include, but are not limited to, statements with respect to the anticipated benefits of the acquisition of Exeter to Goldcorp, the  number of Goldcorp shares to be issued, timing and anticipated take-up and payment, the ability of Goldcorp to complete any compulsory acquisition or subsequent acquisition transaction, the development of the Caspiche project, the future price of gold, silver, copper, lead and zinc, the estimation of Mineral Reserves (as defined below) and Mineral Resources (as defined below), the realization of Mineral Reserve estimates, the timing and amount of estimated future production, costs of production, targeted cost reductions, capital expenditures, free cash flow, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" , "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" , "believes", or variations or comparable language of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of Goldcorp to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Goldcorp will operate in the future, including the price of gold, anticipated costs and ability to achieve goals. In respect of the forward-looking statements concerning the anticipated completion of the proposed Offer and the anticipated timing for completion of the Offer, Goldcorp has provided them in reliance on certain assumptions that they believe are reasonable at this time. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, among others, gold price volatility, discrepancies between actual and estimated production, Mineral Reserves and Mineral Resources and metallurgical recoveries, mining operational and development risks, litigation risks, regulatory restrictions (including environmental regulatory restrictions and liability), changes in national and local government legislation, taxation, controls or regulations and/or change in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which the Company does or may carry on business in the future, delays, suspension and technical challenges associated with capital projects, higher prices for fuel, steel, power, labour and other consumables, currency fluctuations, the speculative nature of gold exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees, additional funding requirements and defective title to mineral claims or property. Although Goldcorp believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the risk that the transaction or any compulsory acquisition or subsequent acquisition transaction may not close when planned or at all or on the terms and conditions set forth in the Offer to Purchase; the benefits expected from the Offer not being realized; risks related to the integration of acquisitions; risks related to international operations, including economic and political instability in foreign jurisdictions in which Goldcorp operates; risks related to current global financial conditions; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; environmental risks; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; mine development and operating risks; accidents, labour disputes and other risks of the mining industry; risks associated with restructuring and cost-efficiency initiatives; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; risks related to the integration of acquisitions; risks related to indebtedness and the service of such indebtedness, as well as those factors discussed in the section entitled "Description of the Business – Risk Factors" in Goldcorp's most recent annual information form  available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. Except as otherwise indicated by Goldcorp, these statements do not reflect the potential impact of any non-recurring or other special items or of any disposition, monetization, merger, acquisition, other business combination or other transaction that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of Goldcorp's operating environment. Goldcorp does not intend or undertake to publicly update any forward-looking statements that are included in this document, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.


News Article | June 21, 2017
Site: www.prnewswire.com

The transaction is subject to customary closing conditions and is expected to close in the second half of 2017. Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines. This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended,  the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, and "forward-looking information" under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp. Forward-looking statements include, but are not limited to, statements regarding the discovery of additional oxide or sulphide material on the Camino Rojo project, the potential outcome of any PFS or FS to be completed on the Camino Rojo Project, the expected timing of closing of the transactions described in this release, to the future price of gold, silver, copper, lead and zinc, the estimation of Mineral Reserves (as defined below) and Mineral Resources (as defined below), the realization of Mineral Reserve estimates, the timing and amount of estimated future production, costs of production, targeted cost reductions, capital expenditures, free cash flow, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" , "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" , "believes", or variations or comparable language of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of Goldcorp to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Goldcorp will operate in the future, including the price of gold, anticipated costs and ability to achieve goals. In respect of the forward-looking statements concerning the anticipated completion of the transaction Goldcorp has provided them in reliance on certain assumptions that they believe are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner, the necessary regulatory approvals; and the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the transaction.  Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, among others, gold price volatility, discrepancies between actual and estimated production, Mineral Reserves and Mineral Resources and metallurgical recoveries, mining operational and development risks, litigation risks, regulatory restrictions (including environmental regulatory restrictions and liability), changes in national and local government legislation, taxation, controls or regulations and/or change in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which the Company does or may carry on business in the future, delays, suspension and technical challenges associated with capital projects, higher prices for fuel, steel, power, labour and other consumables, currency fluctuations, the speculative nature of gold exploration, the global economic climate, dilution, share price volatility, competition, loss of key employees, additional funding requirements and defective title to mineral claims or property. Although Goldcorp believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the risk that the transaction may not close when planned or at all or on the terms and conditions set forth in the Agreement; the failure to obtain the necessary regulatory approvals required in order to proceed with the transaction; risks related to international operations, including economic and political instability in foreign jurisdictions in which Goldcorp operates; risks related to current global financial conditions; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; environmental risks; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; mine development and operating risks; accidents, labour disputes and other risks of the mining industry; risks associated with restructuring and cost-efficiency initiatives; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; risks related to the integration of acquisitions; risks related to indebtedness and the service of such indebtedness, as well as those factors discussed in the section entitled "Description of the Business – Risk Factors" in Goldcorp's most recent annual information form  available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. Except as otherwise indicated by Goldcorp, these statements do not reflect the potential impact of any non-recurring or other special items or of any disposition, monetization, merger, acquisition, other business combination or other transaction that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of Goldcorp's operating environment. Goldcorp does not intend or undertake to publicly update any forward-looking statements that are included in this document, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.


A process is provided for separation of at least one metal sulfide from a mixed sulfide concentrate. The process may comprise: subjecting the mixed sulfide concentrate to flotation in which at least one sulfide comprising antimony, arsenic and a first metal is floated and at least one sulfide comprising a second metal is depressed. The flotation yields a first metal concentrate having the at least one sulfide comprising antimony, arsenic and the first metal and a second metal concentrate having the at least one sulfide comprising the second metal. The first metal concentrate is leached to yield a further concentrate and a leach solution. The further concentrate comprises the first metal and the leach solution comprises soluble antimony and soluble arsenic. The process may further comprise oxidizing the leach solution to yield an antimony precipitate and an arsenic solution, and forming a stable arsenic compound from the arsenic solution.

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