Glamis Gold
Encyclopedia
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. They remained 100% unhedged.
On 31 August 2006, Goldcorp
acquired Glamis Gold for $8.6 billion USD, creating one of the world's largest gold mining companies with combined assets of $21.3 billion USD http://www.goldcorp.com/_resources/Goldcorp_Glamis_Investor_Presentation.pdf. The takeover was completed in November 2006.
Reno, Nevada
Reno is the county seat of Washoe County, Nevada, United States. The city has a population of about 220,500 and is the most populous Nevada city outside of the Las Vegas metropolitan area...
based gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
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. They remained 100% unhedged.
On 31 August 2006, Goldcorp
Goldcorp
Goldcorp Inc. is a gold producer headquartered in Vancouver, British Columbia, Canada. Goldcorp has 16 operations and development projects in 6 countries across the Americas....
acquired Glamis Gold for $8.6 billion USD, creating one of the world's largest gold mining companies with combined assets of $21.3 billion USD http://www.goldcorp.com/_resources/Goldcorp_Glamis_Investor_Presentation.pdf. The takeover was completed in November 2006.