The move also expands Kirkland’s ownership of interest in the Urban Barry area of northwestern Quebec, which the company believes to be “highly prospective mining camp" in Canada.
Osisko Mining Mining News
"A tiger by the tail."
Osisko and Canadian Gold Miner Corp. have acquired a historical gold producer as well as an option for an exploration land package, both in Ontario’s gold-rich belt.
MINING.com talks to Sean Roosen, Chair and CEO of Osisko Gold Royalties about the future of the company and the gold royalty and streaming sector.
People living close to the large open pit mine in Quebec’s Abitibi region, want to be compensated for damages related to dust, noise and explosions they claim to have been exposed to for many years.
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.
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.