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Goldcorp books US$4B merger impairment

Vancouver-based major Goldcorp has booked a US$3.88 billion impairment charge for the December quarter, related almost entirely to its takeover by Newmont Mining Corp.

Goldcorp books US$4B merger impairment Goldcorp books US$4B merger impairment Goldcorp books US$4B merger impairment Goldcorp books US$4B merger impairment Goldcorp books US$4B merger impairment

Goldcorp's 2018 production was 11% lower because of a planned pushback at Peñasquito, Mexico

The company said the Newmont all-scrip takeover valued it at about $10 billion, which it had to reconcile with its book value of $13.9 billion.