Goldcorp and Kaminak to tie C$520m knot

Canadian gold major Goldcorp has agreed to buy Kaminak Gold for about C$520-million, a deal that would see the major acquiring Kaminak’s promising 100%-owned Coffee gold project, a structurally hosted hydrothermal gold deposit located about 130 km south of the City of Dawson, in Canada’s Yukon Territory. Since reporting the robust results of a feasibility study on the project, TSX-V-listed Kaminak had been ripe for the picking, with Goldcorp, under leadership of CEO David Garofalo, executing its strategy of acquiring growth projects in favour of taking on grassroots exploration risks.