Goldcorp Gets TSX Approval For Share-Buyback Plan
GoldcorpInc. (TSX: G, NYSE: GG) announces plans to buy back shares for cancellation.The company says it has received approval from the Toronto Stock Exchange forits “notice of intention to make a normal course issuer bid." This wouldallow Goldcorp to purchase for cancellation up to 43.5 million common shares,representing 5% of its 869.5 million outstanding shares as of Oct. 26 over a12-month period beginning Oct. 31. The NCIB will expire no later than October30, 2019. The purchases can be made through U.S. and Canadian market places,the company says. “The actual number of common shares that may be purchased andthe timing of such purchases will be determined by the company,” Goldcorp says.“Decisions regarding purchases will be based on market conditions, share price,best use of available cash and other factors.” The company’s shares fell lastweek after Goldcorp reported a third-quarter loss.
By Allen Sykoraof Kitco News; asykora@kitco.com
EndeavourLists Maiden Resource Estimate For Fetekro Property
Monday October 29, 2018 09:15
Endeavour Mining (TSX: EDV) has released a maiden resource estimate for theLafigu?(C) target that is located within the Ivorian Fetekro greenfieldexploration property. The company reports an indicated resource of 6.8 million tonnesat 2.25 grams per tonne of gold for 494,000ounces, plus an inferredresource of 3 million tonnes at 2.25 g/t Au for 225,000ounces. Exploration was launched in 2017 with the objective of discovering astandalone project, Endeavour says. Since, nearly 32,000 meters have been drilled and the explorationprogram will continue into 2019.“This maiden resource brings us one step closer toattaining our strategic objective of identifying a new project as part of our five-year exploration strategy set in late 2016,”says S?(C)bastien de Montessus, president and chief executive officer.
By Allen SykoraFor Kitco News
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