Goldcorp and Eldorado are fighting over Andean’s Cerro Negro project in Santa Cruz province, Patagonia, Argentina, which may produce 285,000 ounces of gold a year with very low production costs.
Goldcorp is a Canadian company but among its major investors are British-based AXA Investment Managers UK Ltd (US$4.3 million), Blackrock Commodities Income Trust plc, and City Natural Resources High Yield Trust PLC, according to the document From Money to Metals ( by mining researcher Roger Moody.)