Teck buys Goldcorp’s 21% stake in San Nicolás project, Mexico

Canadian diversified miner Teck Resources has agreed to buy Goldcorp’s 21% interest in the San Nicolás copper/zinc project, in Mexico’s Zacatecas state, for $50-million. The transaction will fully consolidate Teck’s ownership of the project and is part of Goldcorp’s ongoing strategy to pare noncore assets in pursuit of portfolio optimisation and debt repayment.