Osisko shares have traded well above the $5.95 implied value of Goldcorp's Monday offer.
Osisko Mining Mining News
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.
Osisko Mining was down another 12% today after providing an update on a mill fire at its Canadian Malarctic Mine in Quebec last week.
Helped by a strong performance at its Malartic mine, Osisko reported a C$37.8 million 4Q net profit.
Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) is pleased to provide an updated reserve and resource estimate for its 100%-owned Canadian Malartic project. This new estimate, calculated at US$1000 gold, combines the previously-reported US$825 reserves and resources of […]
Northern Securities Analyst Matthew Zylstra seeks out junior precious metals stocks with value in the ground and growth potential that are not yet obvious to the markets. He also looks for companies that have unrecognized base metal potential that can significantly reduce the cash costs of precious metals production.