The Andean purchase gives Goldcorp access to the 100% owned Cerro Negro project in southern Argentina which holds an estimated 3 million ounces of gold and 26 million ounces of silver, both numbers indicated and inferred. Goldcorp recently sold its 10.1% stake in Osisko Mining (OSKFF.PK) in order to help fund capex. This should looked at not as a knock upon Osisko, as it has drilled and built out one of the largest gold projects in North America during the worst economic climate since the Great Depression, which speaks volumes about the quality of management at Osisko. Now that the Penasquito buildout is mostly complete and the mine is producing, cash flow is flooding the coffers. With 17.8 million ounce proven and probable gold reserve and a 22 year mine life Penasquito is expected to produce negative cash costs when by-products are considered over the life of the mine.