OREANDA-NEWS. GOLDCORP INC. (TSX: G, NYSE: GG) announced today that a subsidiary of Goldcorp has entered into a definitive stock purchase agreement (the "Agreement") whereby it will sell its 100% interest in the Wharf mine in Lead, South Dakota to Coeur Mining, Inc. (NYSE: CDE). Under the Agreement, Goldcorp will receive total consideration of USD 105 million in cash, subject to certain closing adjustments.

"This divestiture of Wharf will unlock additional value for Goldcorp shareholders and demonstrates our commitment to focusing on the core assets within our portfolio," said Chuck Jeannes, President and Chief Executive Officer of Goldcorp. "We thank the team at Wharf for their commitment and dedication and we wish them continued success as part of Coeur Mining. We will work closely with the team at site to ensure a smooth transition."

The agreement is subject to United States antitrust approval and other customary closing conditions and is expected to close by the end of the first quarter of 2015.

Goldcorp is one of the world's fastest growing gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.