Miners seek synergies by developing joint operation

April 2017: Barrick Gold (TSX: ABX) and Goldcorp (TSX: G) have announced an ambitious plan to jointly develop two of Chile’s largest undeveloped copper-gold deposits as a joint operation.
Under the deal, G will pay a total of US$520M to acquire a 50% stake in the Cerro Casale project (P&P 1.2Bt @ 0.60g/t Au & 0.22% Cu) in Region III, buying 25% from ABX and 25% from Kinross Gold. (Read more)