Goldcorp Inc. (Goldcorp) announced yesterday that Ian Telfer, the Chairman of Goldcorp, informed Newmont Mining Corporation (Newmont) that he will not be joining the Newmont Goldcorp Board of Directors upon completion of the proposed acquisition of Goldcorp by Newmont. Telfer is focusing all of his efforts on having the Goldcorp shareholders approve the pending transaction with Newmont.
"I am excited about the creation of the world's premier gold mining company, Newmont Goldcorp, and appreciate Newmont's support in my decision to not join the board, as they have supported all of the agreements that have brought this merger together," said Ian Telfer, Chairman of Goldcorp.