Osisko purchased 9.0 million common shares of NioBay Metals and now owns approximately 19.7% of Niobay’s issued and outstanding Shares.
Osisko Gold Mining News
Acquisition will help the Canadian company expand its diamond, gold and silver asset base.
I am firmly on record as saying we started a new gold and silver bull market, actually an all commodities bull market, last winter.
John Burzynski, Senior Vice President New Business Development, and Robert Wares, Chief Geologist are leaving their current positions.
The company has entered into an agreement to acquire a portfolio held by Teck for C$28 million, with an additional C$2.5 million paid on confirmation of certain rights.
The company's flagship projects are located in the Cadillac - Malartic - Val-d'Or region of the prolific Abitibi gold mining district, Quebec.