Miner Moment #7: Goldcorp CEO Garofalo talks M&A and production growth

The Northern Miner listened in on Canadian major Goldcorp's (TSX: G; NYSE: GG) Investor Day webcast on Jan. 17, 2017, and pulled highlights from president and CEO David Garofalo's remarks surrounding the merger and acquisition landscape. He also digs into the optimum production levels for senior gold miners, and stresses that the industry must partner on large-scale deposits to minimize risk and benefit from economies of scale. Garofalo also drills into a series of recent deals, including: the US$520-million acquisition of Kaminak Gold and its five-million ounce Coffee gold deposit in the Yukon; and US$438-million sale of the Los Filos mine in Mexico to Frank Giustra and Neil Woodyer's Leagold Mining (TSXV: LMC-H; US-OTC: HTXFF) vehicle. Goldcorp expects to produce roughly 2.5 million oz. gold in 2017, at all-in sustaining costs of around US$850 per oz. Music Credit: The Curtain Rises Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/