Shareholders have given the go-ahead for
The 2-for-1 split was approved by 99.7% of the shareholders who voted, representing nearly 60% of the company’s outstanding shares.
A mid-tier gold producer, Goldcorp operates the Red Lake and Wharf mines in northern Ontario and South Dakota, respectively. The former is the highest-grade gold mine in Canada.
Goldcorp has US$80 million in cash, US$10 million in gold bullion and no debt. The company has listings on the Toronto, New York, American and Chicago Board of Options exchanges.
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