GG-NYSE; G-TSX) Outperform; Price - US$44.71; Target - US$55.00
Impact: Potentially Negative
The Government of Guatemala has agreed to comply with a request from the Inter-American Commission on Human Rights (IACHR) to initiate an administrative process to suspend operations at Goldcorp’s Marlin mine, despite confirming that there was no evidence to prove that the mine’s operations have led to water contamination or disease. In early June, Goldcorp announced that the government had requested a 15-day extension