By Henry Bonner ( firstname.lastname@example.org) Chuck Jeannes is the CEO of Goldcorp Inc., the largest gold mining company in the world by its market cap of almost $17 billion. Goldcorp operates mines all over North and South America. This year, Goldcorp took part in a takeover battle for Osisko Mining . After Goldcorp made an initial hostile bid, Osisko did what most companies do in that situation - it shopped around for another bidder. In the end, Osisko succeeded in soliciting a substantially higher bid, which it finally accepted, from Yamana and Agnico Eagle. Mr. Jeannes explained the reasoning behind its Osisko takeover attempt, among other subjects. In the end, 'that opportunity for value creation evaporated so we walked away,' he explained. But takeover battles have not been all bad for him - that's actually how he first encountered Ian Telfer, the man who would later put him at the helm of Goldcorp. Goldcorp is the third-largest holding of Sprott's new ETF, the Sprott Gold Miners ETF (NYSE:SGDM). As of November 20, the ETF had a 12.91% weighting in Goldcorp Inc., which is subject to change. For more information and disclosures, please visit www.SprottETFs.com. Our affiliate, Sprott Asset Management LP, is the sub-advisor to the Sprott Gold Miners ETF. How does a major mining company like Goldcorp use a bear market in precious metals to grow its business? Well, many of the mining businesses that have been successful over the last 10 to 15 years had their start in the last bear market. The current market feels a lot like 1999-2000 and that was a time when the companies that had the ability to do so had fantastic opportunities to go out an acquire assets at deflated prices and build new companies. If you look back at the success of Goldcorp, for example, it started with Ian Telfer doing exactly that with Wheaton River. At that point in time, I was part of Glamis Gold and we were doing the same thing — acquiring assets in a bear market at low prices. The result is what you see today — Goldcorp, which has become the largest gold mining firm in the world by market capitalization, after we put Glamis and Goldcorp together. Sorry, that's a long answer to a simple question, but I see this market as one of opportunity for a company like ours that has the balance sheet to do something.