Teck Resources’s $50 Million Acquisition of Goldcorp’s Interest in San Nicolás


Sánchez-Mejorada, Velasco y Ribé and Todd y Asociados advised on the deal

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that its Mexican subsidiary has entered into a binding agreement with a subsidiary of Goldcorp Inc. to purchase its 21% minority interest in the San Nicolás Project located in Zacatecas, Mexico for cash consideration of US$50 million. On completion of the transaction Teck will own 100% of the San Nicolás Project.

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.

Sánchez-Mejorada, Velasco y Ribé advised Teck Resources Limited with Rodrigo Sánchez Mejorada V., José Eduardo Ribé and Paola Salgado.

Todd y Asociados advised Goldcorp Inc. with Fernando Todd (Picture) and Jorge García.

Involved fees earner: Rodrigo Sánchez Mejorada Velasco – Sánchez-Mejorada, Velasco y Ribé; José Eduardo Ribé – Sánchez-Mejorada, Velasco y Ribé; Paola Salgado Tonda – Sánchez-Mejorada, Velasco y Ribé; Fernando Todd – Todd y Asociados; Jorge García Díaz – Todd y Asociados;

Law Firms: Sánchez-Mejorada, Velasco y Ribé; Todd y Asociados;

Clients: Goldcorp Inc.; Teck Resources Limited;

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Author: Ambrogio Visconti.