FORM
6-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For the month of
January 2017
(Translation of registrant's name into English) |
Suite 3400 - 666 Burrard St.
Vancouver, British Columbia V6C 2X8 Canada |
(Address of Principal executive offices) |
Indicate by check mark whether the registrant files
or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___
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Note: Regulation
S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders. |
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___
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Note: Regulation
S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant
is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of
the home country exchange on which the registrant’s securities are traded, as long as the report or other document is
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discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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GOLDCORP INC. |
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Date: January 12, 2017 |
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/s/ Anna M. Tudela |
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Name: Anna M. Tudela |
|
Title: Vice-President, Regulatory Affairs
and
Corporate Secretary
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Exhibit
Index
Exhibit |
|
Description
of Exhibit |
99.1 |
|
Press Release dated January 12, 2017 - Goldcorp Announces Sale of Los Filos Mine |
Exhibit 99.1
Goldcorp Announces Sale of Los Filos Mine
(All Amounts in $US unless stated otherwise)
VANCOUVER, Jan. 12, 2017 /CNW/ - GOLDCORP INC.
(TSX: G, NYSE: GG) today announced that the Company has entered into a share purchase agreement (the "Agreement")
with Leagold Mining Corporation (TSXV: LMC-H) ("Leagold"), pursuant to which it has agreed to sell its Los Filos Mine
in Mexico to Leagold (the "Transaction"). Under the terms of the Agreement, Goldcorp will receive estimated consideration
of $438 million, consisting of $279 million in cash (subject to certain closing adjustments), $71 million in Leagold common shares,
and retain certain tax receivables of approximately $88 million. The common shares issued to Goldcorp as consideration are expected
to represent approximately 30% of the issued and outstanding shares of Leagold following the closing of the Transaction. By
closing of the Transaction, Goldcorp expects to recognize a reversal of a 2015 impairment in mining interests at Los Filos of approximately
$30 to $60 million on a pre-tax basis.
"The divestiture of Los Filos is consistent with our
strategy of focusing on our core camps to drive increasing net asset value per share," said David Garofalo, President and
Chief Executive Officer of Goldcorp. "We thank the team at Los Filos for their commitment and dedication and we wish them
continued success as part of Leagold. We will work closely with the team at site to ensure a smooth transition and look forward
to working with Leagold to continue to add value at Los Filos."
The Transaction is subject to customary closing conditions
and is expected to close in the first quarter of 2017. Scotia Capital acted as financial advisor to Goldcorp.
About Goldcorp
Goldcorp is a senior gold producer focused on responsible
mining practices with safe, low-cost production from a high-quality portfolio of mines.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements",
within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange
Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information"
under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance
and condition of Goldcorp and the Transaction. Forward-looking statements include, but are not limited to, statements with respect
to the benefits, effects and gains expected from the Transaction, the completion of the Transaction generally and the timing thereof,
future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and mineral resources, the realization
of mineral reserve estimates, the timing and amount of estimated future production, costs of production, targeted cost reductions,
capital expenditures, free cash flow, costs and timing of the development of new deposits, success of exploration activities, permitting
time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation
of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation,
title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified
by the use of words such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", "believes" or variations
of such words and phrases or statements that certain actions, events or results "may", "could", "would",
"should", "might" or "will", "occur" or "be achieved" or the negative connotation
thereof.
Forward-looking statements are necessarily based upon a number
of factors that, if untrue, could cause the actual results, performance or achievements of Goldcorp, including with respect to
the Transaction, to be materially different from future results, performances or achievements expressed or implied by such statements.
Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment
in which Goldcorp will operate in the future, including the price of gold and other by-product metals, anticipated costs and ability
to achieve goals. In respect of the forward-looking statement concerning the anticipated timing of closing of the Transaction,
Goldcorp has provided it in reliance on certain assumptions that is believed reasonable at this time, including assumptions as
to the conditions of closing of the Transaction being satisfied in a timely manner. Certain important factors that could cause
actual results, performances or achievements to differ materially from those in the forward-looking statements include, among others,
gold and other by-product metals price volatility, discrepancies between actual and estimated production, mineral reserves and
mineral resources and metallurgical recoveries, mining operational and development risks, litigation risks, regulatory restrictions
(including environmental regulatory restrictions and liability), changes in national and local government legislation, taxation,
controls or regulations and/or change in the administration of laws, policies and practices, expropriation or nationalization of
property and political or economic developments in Canada, the United States and other jurisdictions in which Goldcorp does or
may carry on business in the future, delays, suspension and technical challenges associated with capital projects, higher prices
for fuel, steel, power, labour and other consumables, currency fluctuations, the speculative nature of gold exploration,
the global economic climate, dilution, share price volatility, competition, loss of key employees, additional funding requirements
and defective title to mineral claims or property. Although Goldcorp believes its expectations are based upon reasonable assumptions
and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated,
estimated or intended.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements
of Goldcorp (including with respect to the Transaction) to be materially different from those expressed or implied by such forward-looking
statements, including but not limited to: yhe receipt of necessary competition, regulatory and third party approvals; risks related
to the ability of Leagold to finance the Transaction; risks related to the inability or failure to satisfy the conditions to the
completion of the Transaction; risks related to the devotion of management time and resources required to complete the Transaction,
risks related to international operations, including economic and political instability in foreign jurisdictions in which Goldcorp
operates; risks related to current global financial conditions; risks related to joint venture operations; actual results of current
exploration activities; actual results of current reclamation activities; environmental risks; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; future prices of gold and other by-product metals; possible variations
in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; risks related to
the integration of acquisitions; accidents, labour disputes; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities and other risks of the mining industry, as well as those factors discussed
in the section entitled "Description of the Business – Risk Factors" in Goldcorp's most recent annual information
form available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Although Goldcorp has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are made
as of the date hereof and, accordingly, are subject to change after such date. Except as otherwise indicated by Goldcorp, these
statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations,
mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date
hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations
and plans and allowing investors and others to get a better understanding of Goldcorp's operating environment. Goldcorp does not
intend or undertake to publicly update any forward-looking statements that are included in this document, whether as a result of
new information, future events or otherwise, except in accordance with applicable securities laws.
SOURCE Goldcorp Inc.
%CIK: 0000919239
For further information: Lynette Gould, Director, Investor
Relations, Goldcorp Inc., Telephone: (604) 695-1446, Fax: (604) 696-3001, E-mail: info@goldcorp.com, www.goldcorp.com
CO: Goldcorp Inc.
CNW 08:42e 12-JAN-17
This regulatory filing also includes additional resources:
ex991.pdf
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