The Motley Fool sings the praises of Goldcorp stating that “Goldcorp’s position of relative strength among major gold miners has been years in the making and recent strategic moves to build out the company’s production pipeline lay the foundation for a lasting competitive advantage over even traditional gold mining titans like Barrick Gold and Newmont Mining. ”
Newstrike Capital has entered into a definitive share purchase agreement to acquire 21.2% of the Morelos Project from Goldcorp. The Morelos Project, together with Goldcorp’s Los Filos Mine, form part of the Guerrero Gold Belt (“GGB”) in Guerrero State. Newstrike controls a 100% interest in 81,330.04 contiguous hectares strategically located within the GGB. The GGB today has an inventory of over 12 million ounces of gold. Newstrike’s management team was instrumental in the discovery of over eight million of those gold ounces.
Source: The Motley Fool