Glamis Gold Ltd. was a Reno, Nevada-based gold producer with operations in the Americas. In 2006 they expected to produce 620,000 ounces of gold at a total cash cost of US$190 per ounce. At that time, their assets remained 100% unhedged.
On 31 August 2006, Goldcorp (NYSE stock symbol GG) announced the acquisition of Glamis Gold (NYSE former symbol GLG) for US$8.6 billion, creating one of the world's largest gold mining companies with combined assets (in 2006) of US$21.3 billion. The takeover was completed in November 2006.
See also
Gold as an investment
Gold mining
References
External links
Goldcorp, Inc.