TORONTO (miningweekly.com) – Canada's second-biggest gold-miner, Goldcorp, has no plans to sell either equity or debt, CEO Chuck Jeannes said on Wednesday.

“We have all the cash we need to go forward with our programme,” he said in a presentation to the Denver Gold Forum, broadcast over the Internet.

A day earlier, rival Newmont Mining said it would sell $2-billion in senior notes, while industry leader Barrick Gold raised $4-billion earlier this month in a bought-deal equity offering, taking advantage of soaring gold prices.

"We are not going to follow suit and do any big equity or debt deals. Or even a small equity or debt deal," Jeannes asserted.

At the end of the second quarter, Goldcorp had $866-million in cash and equivalents and zero net debt.

The firm raised about $840-million in a convertible note issue in June.

Goldcorp has ten operating mines and four advanced projects spread across North and South America.

The company expects to maintain its focus in the Americas, Jeannes said.

Although it does look at potential assets elsewhere in the world, it has yet to find anything that would meet its criteria.

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