Goldcorp announced the closing of the previously announced acquisition of Kaminak Gold Corp. “The acquisition of Kaminak and its Coffee project in the Yukon is consistent with our strategy of populating our asset pipeline with opportunities that are accretive to net asset value per share,” said David Garofalo, Goldcorp president and CEO.
“With a large, geologically prospective land package in a mining-friendly jurisdiction, the Coffee project has the potential to grow into a camp to deliver long-term significant sustainable value. Kaminak has done an excellent job engaging with first nations throughout the initial exploration phases, which will serve as a solid foundation for us to build upon as the project enters the next phase of development.”
