Canadian mining giant Goldcorp has agreed to buy Andean Resources Limited for C$3.6 billion, thereby adding the Cerro Negro gold deposit in Argentina to its assets.
The Cerro Negro gold project is an advanced-stage, high-grade vein system in the Santa Cruz province of Argentina, with indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver. Inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.
