03:52 PM EST - Goldcorp Inc. : announced that its subsidiaries have entered into a definitive agreement to sell the Escobal silver deposit in Guatemala to Tahoe Resources Inc., a private company headed by former Goldcorp president and chief executive officer Kevin McArthur. Under the terms of the definitive agreement, Goldcorp will receive total consideration of $505 million U.S., consisting of Tahoe shares representing a 40% ownership position in Tahoe following Tahoe's proposed initial public offering of common shares in Canada, and the balance in cash of at least $230 million U.S., depending on the final results of the offering. Goldcorp Inc.
shares T.G are trading down $0.84 at $43.07.
