Goldcorp, Teck Complete Project Corridor Transactions

Goldcorp announced in late November completion of transactions necessary for the formation of a 50/50 joint venture with Teck Resources to develop their respective El Morro and Relincho projects in the Atacama region of Chile as a single project. The combined project currently has the interim name of Project Corridor.

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Barrick, Antofagasta Form Zaldívar JV

Barrick Gold completed sale of a 50% interest in its Zaldívar copper mine in northern Chile to Antofagasta Plc on December 1. Plans for the transaction were initially announced in late July. Under the new ownership structure, Zaldívar will have a joint Barrick-Antofagasta board of directors consisting of three Barrick nominees and three Antofagasta nominees. Antofagasta will act as the operator of the mine and will be subject to oversight and direction by the board.

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Troy Completes Plant Commissioning at Karouni

Troy Resources Ltd. has completed commissioning of the processing plant at its Karouni gold project in north-central Guyana, where construction activities began in February. The mill was the last major project component to be put through the commissioning process, undergoing an extended performance test under full load conditions. Operating at steady state, all pressure and temperature readings were recorded within specified limits.

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GoldQuest Launches PFS for Romero Gold-Copper Project

GoldQuest Mining has commissioned a prefeasibility study (PFS) and a subsequent feasibility study of its 100% owned Romero gold-copper project in the Dominican Republic. Work on the PFS began in November and is scheduled for completion in the second quarter of 2016. The feasibility study will begin immediately upon completion of the PFS, with completion scheduled before the end of 2016.

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