Eleonore is expected to eventually become Canada’s largest gold producing mine.
Osisko Mining News
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.
Investors will now be watching to see if Goldcorp tries to top the joint bid.
Goldcorp's sweetened offer is straightforward, requires no formal shareholder approval and could be completed by as early as end-April.
The sweetened hostile offer for Osisko trumps friendly bid from Yamana Gold Inc.
Chairman Ian Telfer says he’d rather quit the deal than overpay.
New deadline is Friday April 4, 2014.
It is not clear whether the agreement means the two firms are now in talks for a friendly takeover deal.
If it goes through, the proposed deal will make Goldcorp the No. 1 gold producer in the Canadian province of Quebec.
We often hear that large gold producers are usually not the best explorers. As such, when it comes time to replenish or grow their resource base, they must look to M&A.
Calls Goldcorp's offer 'opportunistic' and 'financially inadequate.'
Osisko shares have traded well above the $5.95 implied value of Goldcorp's Monday offer.
Notes the announcement by Goldcorp that it intends to commence an offer to acquire all of the outstanding common shares of Osisko. No formal offer has yet been commenced.
If it goes through, Goldcorp will be the No. 1 gold producer in the Canadian province of Quebec.
Osisko Mining investors were unimpressed by the fire yesterday at the company's Canadian Malarctic mill. The stock (TSX:OSK) closed down a buck, or 12.94%, on the Toronto main board Friday as Osisko assessed the damage.