<p> <br />The takeover is the latest in a series of gold mining deals this year, including Australia’s Newcrest Mining’s $8.4 billion purchase of rival Lihir Gold. Goldcorp said its cash and share offer — at Canadian $6.50 per share a 35 per cent premium to Andean’s last traded price in Toronto — had been unanimously approved by the boards of directors of both companies. <br /><br />Goldcorp’s offer topped an all-share bid from Eldorado worth Canadian $6.36 a share. Goldcorp said Andean’s principal asset was its 100 per cent owned Cerro Negro Gold project in the southern province of Santa Cruz in Argentina, which would add to its gold production pipeline.</p>
<p> <br />The takeover is the latest in a series of gold mining deals this year, including Australia’s Newcrest Mining’s $8.4 billion purchase of rival Lihir Gold. Goldcorp said its cash and share offer — at Canadian $6.50 per share a 35 per cent premium to Andean’s last traded price in Toronto — had been unanimously approved by the boards of directors of both companies. <br /><br />Goldcorp’s offer topped an all-share bid from Eldorado worth Canadian $6.36 a share. Goldcorp said Andean’s principal asset was its 100 per cent owned Cerro Negro Gold project in the southern province of Santa Cruz in Argentina, which would add to its gold production pipeline.</p>