I am firmly on record as saying we started a new gold and silver bull market, actually an all commodities bull market, last winter.
Osisko Mining Mining News
John Burzynski, Senior Vice President New Business Development, and Robert Wares, Chief Geologist are leaving their current positions.
Osisko buys 17% of Vancouver gold explorer from company controlled by Eric Sprott for $40m in cash and shares.
Eleonore is expected to eventually become Canada’s largest gold producing mine.
Gold remains the most-targeted commodity by volume, according to EY’s latest report.
The deals that were and those that failed. Here is MINING.com’s shortlist.
The friendly deal creates a tMontreal-based gold-royalty company with a market capitalization of about $1.15 billion (Cdn$1.3 billion).
Output for this year is expected to be between 40,000 and 60,000 ounces of gold, reaching 7,000 tonnes a day by 2018.
Move signifies departure for Vancouver-based miner.
Osisko had been the target of an attempted hostile takeover by Goldcorp.
Canadian mining and metals deals plunged 51% in terms of value and 13% when it comes to volume in the first quarter of 2014. Yet results show a sustained improvement, says EY's latest report.
"We stated from the beginning of this process that we would remain disciplined with respect to our offer to acquire Osisko"
Investors will now be watching to see if Goldcorp tries to top the joint bid.
The sweetened hostile offer for Osisko trumps friendly bid from Yamana Gold Inc.
Yamana's takes 50% for $930 million and Canada pension plan provides $550 million funding to stave of Goldcorp's hostile bid.
Chairman Ian Telfer says he’d rather quit the deal than overpay.
New deadline is Friday April 4, 2014.
Goldcorp has gained 24% since the year started.
It is not clear whether the agreement means the two firms are now in talks for a friendly takeover deal.
Net earnings hit by lower gold price.
If it goes through, the proposed deal will make Goldcorp the No. 1 gold producer in the Canadian province of Quebec.
Sean Roosen argues entrepreneurial mid-tier companies like Osisko should attract a premium in the market, which Goldcorp is not offering.
Osisko shares have traded well above the $5.95 implied value of Goldcorp's Monday offer.
If it goes through, Goldcorp will be the No. 1 gold producer in the Canadian province of Quebec.
Miner makes local purchases of over $290 million annually.