Osisko Mining Corporation
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TAKEOVER: Goldcorp ups offer for Osisko to $3.6B
VANCOUVER – Goldcorp has increased its hostile takeover offer for Osisko Mining Corp. to $7.65 per share in cash and shares, making this a deal worth $3.6 billion, a billion more than its initial hostile takeover offer on Jan. 13….
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GOLD: Osisko reports record high Q1 production, falling costs
QUEBEC – Osisko Mining Corp. of Montreal has reported record first quarter gold production of 140,029 oz of gold from its Canadian Malartic mine in the town of Malartic.
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MERGER: Goldcorp continues due dilligence
QUEBEC – Vancouver-based Goldcorp is doing its due diligence at the Canadian Malartic gold mine in anticipation of a successful hostile takeover of owner Osisko Mining Corp. Goldcorp’s announcement comes a day after Osisko and Yamana Gold…
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DEAL: Yamana to buy 50% of Osisko
MONTREAL – In a deal worth $441.5 million in cash and 95.7 million common shares of Yamana Gold, that company and Osisko Mining Corp. have entered into a partnership. Yamana will acquire a 50% interest in Osisko’s mining and exploration…
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GOLD: Osisko cuts 105 metres of 1.41 g/t at Canadian Kirkland
ONTARIO – Montreal’s Osisko Mining Corp. has drilled a newly discovered zone of disseminated gold mineralization at its Kirkland Lake project. The new zone, dubbed Canadian Kirkland, is located 750 metres south of Hwy 66, about 6.5 km…
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GOLD: Osisko updates Canadian Malartic reserves
QUEBEC – Osisko Mining Corp. of Montreal has updated the reserve numbers for its Canadian Malartic gold mine at Malartic. The open pit proven and probable reserves now stand at 185.5 million tonnes grading 0.98 g/t Au or 5.85 million oz…
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TAKEOVER: Osisko, Goldcorp settle litigation
MONTREAL and VANCOUVER: Osisko Mining Corp. and Goldcorp have reached an agreement to settle the proceeding that Osisko commenced against Goldcorp in the Quebec Superior Court. Osisko alleged that Goldcorp misused confidential information in…
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Rough and tumble M&A: Watch for more hostile bids, distressed M&A this year
The days of mining companies being offered fat premiums by potential buyers are but a distant dream to shareholders.
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TAKEOVER: Goldcorp denies Osisko allegations
VANCOUVER – The war of words continues as Goldcorp attempts a hostile takeover of Montreal’s Osisko Mining Corp. Goldcorp made an offer that the Osisko board recommends be turned down by shareholders, and yesterday Osisko went to court in…
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TAKEOVER: Osisko files circular, again says no to Goldcorp
MONTREAL – Osisko Mining Corp. has filed its directors’ circular concerning the hostile takeover offer from Goldcorp. with Canadian securities regulatory authorities, and mailing it has begun. Once again Osisko called Goldcorp’s offer…
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MERGER: Osisko board recommends rejection of Goldcorp bid
MONTREAL – The directors of Osisko Mining Corp. have unanimously recommended that its shareholders reject the “opportunistic hostile” takeover bid made last week by Goldcorp.
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COMMENT: Osisko responds to Goldcorp’s offer
Yesterday morning Vancouver’s Goldcorp announced a hostile takeover of Osisko Mining in what it valued as a $2.6 billion deal. Not wasting any time, by the end of the day Goldcorp confirmed that it has formally launched its offer.