The Globe and Mail reports in its Tuesday, April 7, edition that Goldcorp ($24.09) has a preliminary agreement to sell its 40-per-cent interest in a Nevada project to Premier Gold Mines ($2.54) (all figures Canadian unless otherwise stated). A Canadian Press dispatch to The Globe reports that Barrick Gold ($15.74) owns the other 60-per-cent interest in the South Arturo mine project. Barrick also has right of first refusal. Premier Gold has agreed to pay Goldcorp $20-million (U.S.) at closing and to transfer 5 per cent of its interest in the Rahill-Bonznsa joint venture in Red Lake, Ont. In turn, Goldcorp has agreed to invest $12.5-million in Premier Gold. It has also agreed to pay Premier Gold a break fee if Barrick Gold exercises its right of first refusal on the South Arturo project. Goldcorp would pay Premier $1.1-million (U.S.) or 5 per cent of the price that Barrick Gold pays Goldcorp, whichever is greater. Vancouver-based Goldcorp and Toronto-based Barrick are Canada's two-largest gold producers, and among the largest in the world. The Globe reported on March 4 that Raymond James analyst Phil Russo rated Goldcorp "strong buy." Goldcorp shares could then be had for $26.08.