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Tuesday, March 30, 2010

Goldcorp (NYSE:GG) and Terrane Metals (CDNX:TRX.V) Getting Married?

Goldcorp and Terrane Metals: Dating or Getting Married?

Terrane Metals (CDNX:TRX.V) recently enjoyed a nice infusion of capital, selling $70 million in stock to a group of dealers, and via Goldcorp. (TSE:G) adding another $30 million in a private stock placement.

A $40 million credit facility backed by Goldcorp was also extended another year for Terrane.

I bring it up to mention the possibility that Goldcorp may be developing more interest in Terrane Metals than helping them capitalize the company for more development.

Is this the beginning of what could turn into a marriage for the two? It's quite possible, and worth watching as things unfold between the two.

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