Goldcorp agrees to sell interest in Nevada project to Premier Gold

Gold mining major Goldcorp has entered into a binding letter of intent to sell its 40% interest in the South Arturo project, 8 km north-west and along strike from Barrick Gold’s Goldstrike operations, within the Carlin Trend in Nevada, to TSX-listed Premier Gold Mines. Under the agreement, Premier would pay Goldcorp $20-million in cash at closing and a further 5% interest in the Rahill-Bonanza joint venture (JV), in Red Lake, Ontario, subject to Barrick not exercising its right of first refusal on the project and completing definitive documentation.