O3 Mining investor knocks Agnico offer
Agnico, the second-largest gold miner by stock market value, agreed to acquire O3 last month for about C$204 million.
Goldcorp set a gold production record in 2010 at 2.52 million oz, including 686,300 oz in Q4, Canadian Mining Journal reports. Cash costs per ounce were $US285. Total 2011 output is forecast to grow to 2.70 million oz, and over five years output is expected to increase 60%.
