Goldcorp Inc said on Monday it has agreed to purchase Probe Mines Ltd in an all-stock deal that values the metals exploration company at C$526 million ($439 million), in a bid to win control of the Borden Gold project in northern Ontario.The project, located some 200 km (125 miles) southwest of the gold mining hub of Timmins, Ontario, is viewed as one of the most promising new gold discoveries in Canada.Probe's Chief Executive David Palmer is set to receive an award at this year's Prospectors & Developers Association of Canada convention in March for the discovery that boasts some two million ounces of relatively high-grade gold resources.The deal also puts another feather in the cap of Barrick Gold veteran Jamie Sokalsky who just four months ago stepped in as chairman of Probe after having stepped down as CEO of the world's largest gold producer.
Barrick Gold Corporation (Barrick) operates mines and advanced exploration and development projects. Shares of ABX traded higher by 3.34% or $0.38/share to $11.75. In the past year, the shares have traded as low as $10.04 and as high as $21.45. On average, 18377300 shares of ABX exchange hands on a given day and today's volume is recorded at 32505496.
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of GG traded higher by 4.94% or $1.12/share to $23.81. In the past year, the shares have traded as low as $17.01 and as high as $29.65. On average, 10353200 shares of GG exchange hands on a given day and today's volume is recorded at 20265118.
New Gold Inc. is engaged in gold mining and related activities, including acquisition, exploration, extraction, processing and reclamation. Shares of NGD traded higher by 7.98% or $0.34/share to $4.60. In the past year, the shares have traded as low as $3.37 and as high as $6.78. On average, 5331370 shares of NGD exchange hands on a given day and today's volume is recorded at 8183122.
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