Goldcorp Inc./ G, GG (TSX, NYSE)

UPDATE 1-Goldcorp hopes for acquisition before year end
Thu Oct 20, 2005 12:44 PM ET

By Rachelle Younglai

TORONTO, Oct 20 (Reuters) - Once-thwarted, once successful in the span of a year, Goldcorp (G.TO: Quote, Profile, Research) is looking to buy a firm that will add at least 250,000 ounces of gold to the Canadian miner's annual production, the company's CEO said on Thursday.

"We think it would be great if something happened before Christmas," Ian Telfer told Reuters in an interview."(We) sure hope it does not take as long as two years."

Telfer became Goldcorp's chief executive in February after Goldcorp bought up Wheaton River Minerals Corp. to become North America's fifth-largest gold producer. He is sitting on a billion-dollar war chest, and anxious for a deal.

"Our focus is gold, our focus is on something that will give us at least 250,000 ounces a year in new production, over and above what we have already, and our focus is in North and South America," he said.
"We have half a billion dollars in credit, we've got $400 million in cash, we've got another $400 million in securities and I expect our story will be us making an acquisition and spending that money."

Telfer said 2005 had been a "fabulous" year, pointing to the success of the Goldcorp-Wheaton deal after he defended Wheaton from a hostile takeover in his previous position as Wheaton chief executive.

Telfer, in Toronto to talk to a mergers symposium, said integration of the two firms was going very smoothly so far.

"Each operation has met or exceeded its budgets and targets. Our costs have stayed consistent and we have not had the run-up in operating costs that our competitors have," he said.

He said one reason Wheaton River was so successful at growing and acquiring assets was because it believed the price of gold was rising and could therefore make higher bids.

Telfer made six acquisitions while he was Wheaton CEO.

"We are still bullish on the gold price," said Telfer, forecasting a gold price of $500 an ounce before year-end and $800 within two years.

Bullion touched an 18-year high of $482 an ounce this month, the highest level for COMEX gold futures since January 1988. It was at around $464 an ounce on Thursday on profit taking and as softening crude oil prices reduced concern about global inflation.

Telfer said the new, expanded Goldcorp is on target to produce 1.1 million ounces of gold at cash costs of $60 an ounce this year, rising to more than 1.3 million ounces at cash costs of around $70 an ounce next year.

Shares of Goldcorp are up around 17 percent on the year, handsomely outperforming Canada's gold index , which is off 2 percent over the same period.

Tschonko

Vielleicht wissen Insider schon wieder mehr.
Denn +9,4% am Freitag sind ungewöhnlich für einen Senior!

Bin seit wenigen Tagen wieder dabei und denke auch,
daß die nicht nötig haben,zu verwässern.

G halte ich nach wie noch für DIE Superperle.

Grüsse

Tschonko

Der 2.Link ist gut und paßt in mein Thread "Goldminen Vergleich".
Aber ich halte nicht allzuviel von dieser Ranglistenlogik.

Danach müssten wir vorzugsweise in Avgold,Afrikander Lease und ähnliche Wackelkandidaten,
geschweige Canyon, investiert sein, und Goldcorp wäre ein Penny Stock.

Der Bericht von Ziehlmann in Gold Stock Review kommt zu äusserst positiver Bewertung,
nicht zuletzt durch die sehr guten Beteiligungen.

Letztlich ist jede Aktie das wert,was der Markt hergibt.

Grüsse

valueman

G ist seit längerem auch der erste Senior. Bringt mE.etwas Ruhe herein.
Nur Juniors und Explorer waren selbst in einem gemischten Depots zu schwer geworden.

Grüsse

Noch der Link von Zihlmann:

Goldcorp

OCTOBER 31, 2005 - 07:30 ET

Goldcorp Agrees to Acquire Assets Increasing 2006 Annual Gold Production by 50% to Over Two Million Ounces
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2005) - Goldcorp Inc. ("Goldcorp")(TSX:G)(NYSE:GG) is pleased to announce that it has entered into an agreement with Barrick Gold Corporation ("Barrick")(TSX:ABX)(NYSE:ABX) to acquire certain mining assets and interests of Placer Dome Inc. ("Placer Dome")(TSX:PDG)(NYSE:PDG), in the event that Barrick is successful in its bid to acquire Placer Dome. The consummation of this transaction would increase Goldcorp's annual gold production by approximately 50% to more than 2 million ounces at a total cash cost of less than US$150/oz. Proven and probable gold reserves would increase by 83%.
Barrick announced today that it will make an offer to acquire all the outstanding shares of Placer Dome for approximately US$9.2 billion in shares and cash. Barrick and Goldcorp have entered into a separate agreement pursuant to which Goldcorp will acquire, for approximately US$1.35 billion in cash, certain of Placer Dome's Canadian assets, including the Campbell mine in Ontario and a portfolio of producing and development assets with significant exploration potential.

Highlights of this transaction for Goldcorp include:

- 2006 gold production will increase by approximately 50% to more than 2 million ounces.

- Gold reserves will increase by 83% to approximately 23 million ounces.

- Measured and indicated gold resources will increase by 195% to 16 million ounces.

- Inferred gold resources will increase by 86% to 11 million ounces.

- Goldcorp will maintain its position as the lowest cost producer, with 2006 cash costs below US$150/oz.

- The transaction is accretive to earnings per share, cash flow per share, reserves and resources per share, and production per share.

- Acquisition of the Campbell mine will allow Goldcorp to consolidate its position in Canada's leading mining district and provides the potential to extract significant synergies given Goldcorp's adjacent Red Lake mine.

- Goldcorp estimates total annual synergies of US$30 - US$40 million.

- Participation in a large-scale, long-life development asset as well as significant exploration potential related to the Canadian assets to be acquired should significantly enhance Goldcorp's growth profile and its long-term exposure to gold.

- No share issuance will be required as Goldcorp's strong cash position and current balance sheet strength will allow it to offer 100% cash consideration.

Subject to any required consents and government approvals, Goldcorp will acquire Placer Dome's interests in the Campbell mine, the Porcupine JV and the Musselwhite JV in Ontario, as well as the La Coipa gold / silver mine in Chile. Under the terms of the agreement, Goldcorp will also acquire a 40% interest in the Pueblo Viejo development project in the Dominican Republic. Barrick intends to retain the remaining 60% interest and will develop and operate this world-class asset. In addition, Goldcorp will acquire Placer Dome's interest in its Canadian exploration properties.

"Acquiring these assets makes a lot of sense due to the geographical synergies with Goldcorp's existing operations. It is accretive to earnings, cash flow, reserves, resources and production on a per share basis," said Ian Telfer, President & CEO of Goldcorp. "It enhances Goldcorp's growth profile and provides significant exploration upside while maintaining Goldcorp's status as the lowest cost major gold producer."

In order to fund this proposed acquisition, Goldcorp intends to use a portion of its current cash balance of over US$400 million, US$500 million from its existing revolving credit facilities, and new committed credit facilities of US$700 million.

Goldcorp is presently the world's lowest cost million ounce gold producer with mining operations in the Americas and Australia. As a result of this transaction, 2007 gold production is expected to double from current levels to 2.4 million ounces.

Goldcorp Just Keeps Getting Better
By Michael J. DesLauriers, 31 Oct 2005 04:20 PM
Goldcorp is not only the best of the senior producers :], but it can still beat the mid-tiers at the growth game.

Goldcorp

Beeindruckende Zahlen:

GG -Gewinn

Goldcorp acquires 10% of Wolfden
By Jon Nones
28 Nov 2005 at 02:55 PM

Goldcorp has signed a letter of intent with Wolfden Resources to acquire six million shares of Wolfden at a price of C$3.60 per share for total proceeds of C$21.6 million.

Of the six million shares, three million will be common shares and three million will be flow-through common shares, and upon closing of this transaction, Goldcorp will hold approximately 10% of Wolfden.

Resource Investor just covered Wolfden as an undervalued company....

WLF ist eine der wenigen zurückgebliebenen Perlen.
Noch weit von ihrem Höchststand 7,5C$ entfernt.

Anschaulich die Auswirkung des Deals:

So ist das wohl.

Es gab schon hin und wieder Kaufempfehlungen,zuletzt in Resource Investor 27.11.
Hatten wir auch schon mal in "Juniors" drin (Eldorado/Edel Man).

Hab die WLF leider (noch) nicht.
Müsste sich eigentlich noch lohnen,oder?

Grüsse E.

Jo,nach einem derartigen Anstieg steige ich nicht gern ein.

Lustigerweise habe ich die WLF seit mind.1Jahr auf ner Watchlist.
Da bleibt sie,rückt aber auf in die Kategorie "Heisse KK" .

Hier ergänzend der Beitrag aus Resource Investor vom 27.11.

Grüsse
Edel Man
________________

Wolfden Resources

One of the most prolific and better known explorers of Canadaýs northland, Wolfden Resources is hoping to make the jump to junior producer within the next couple years.

Another former highflyer, Wolfdenýs shares peaked at about C$7.50 per share in late 2003 before sliding down to C$2.05 this past September. The downward spiral may have ended, though, as the stock has rebounded up to about C$3 in the last three months on the back of a resurgent gold price and Wolfdenýs property consolidation in the well-known Red Lake mining district.

All told, Wolfden holds an interest in seven highly prospective Canadian projects. Two of its more advanced assets are the wholly-owned Ulu Gold and High Lake Copper-Zinc projects ý both located in Nunavut. Ulu is believed to contain about 565,000 ounces of gold and is open for expansion, while a pre-feasibility study on High Lake should be released in early 2006.

Wolfden also holds JVs with several producers ý including Placer Dome on the East Bay project (near Placerýs Campbell mine in Ontario) and Bema Gold on the Monument Bay project in Manitoba.

The companyýs Bonanza-Follansbee project in the Red Lake district also appears to have strong potential ý recent drill results found intersections of 16.39 g/t Au over 6.8 metres and 4.97 g/t Au over 14 metres.

As with any explorer, much of Wolfdenýs valuation remains dependent on the eventual quality of its assets. But with potential winners in Red Lake and at High Lake, Wolfden is one of the most prospective explorers on the market. As shown with its meteoric rise in 2003, itýs also among the most leveraged stocks to the HUI when that index takes off.

Much of the recent upswing in Wolfden has come in the last couple weeks, and given the typical pattern of consolidation after short-term gains it might be wise to see if the stock comes down by about 8%-10% before looking to invest. U.S. investors purchasing shares on the sparsely traded Pink Sheets would be very wise to use a limit order.

Mit einem erheblichen Premium von 43%

GG +Virginia