Andean's principal asset is the 100%-owned Cerro Negro gold project, an advanced-stage, high-grade vein system in the Santa Cruz province of Argentina, the companies said in a press release.
Goldcorp's cash and stock offer of C$6.50 for Andean trumps a rival all-stock bid of C$6.36 from Eldorado Gold (EGO).
The acquisition is expected to close in late 2010 or early 2011.-- Written by Joseph Woelfel
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