Candente Gold Corp. (TSX:CDG) announced that Goldcorp Mexico, a subsidiary of Goldcorp Inc. (TSX:G,NYSE:GG), plans to keep its 30 percent stake in the Mexico-based El Oro gold-silver project.
As quoted in the press release:
Candente Gold recently fulfilled all requirements necessary to earn a 70% interest in the El Oro Gold Project by spending a total of US$10M and issuing a total of 2,000,000 common shares in the capital of the Company. The Company has now received written confirmation that Goldcorp Mexico intends to stay at a 30% interest by participating in future expenditures in both the Historic Mining Area and Exploration Area (as defined in the option agreement). The Company is in the process of establishing required protocols that will define the future operation of the Joint Venture.