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Goldcorp to sell Los Filos mine to Leagold

Published 2017-01-12, 09:31 a/m
© Reuters.  Goldcorp to sell Los Filos mine to Leagold
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Jan 12 (Reuters) - Canada's Goldcorp Inc G.TO , the world's No. 3 gold miner by market value, said on Thursday it would sell its Los Filos mine in Mexico to Leagold Mining Corp LMCh.V for $438 million.

Vancouver-based Goldcorp put Los Filos on the block last year as part of a plan to focus on more profitable, core mines. L1N1AE21R

Goldcorp, which hired the Bank of Nova Scotia to sell Los Filos, said it will receive $279 million in cash, $71 million in Leagold shares, and retain certain tax receivables of about $88 million.

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