Goldcorp to Buy Andean Resources for $3.5 Billion

Goldcorp Inc., the second-biggest Canadian gold producer, agreed to buy Andean Resources Ltd. for $3.5 billion, exceeding a rival offer to gain control of an Argentinean mine. The cash bid values the Perth-based miner at C$6.50 a share, or 2.2% more than an offer from Eldorado Gold Corp. based on yesterday’s close in Toronto trading. – Bloomberg

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