GOLD MINING: Osisko ups Cat lease by US$56.3M

QUEBEC - Osisko Mining Corp. of Montreal has boosted its equipment leasing facility with Caterpillar Financial by US$56.3 million. Osisko intends to acquire more units for its open pit mining fleet at the Canadian Malartic gold mine at Malartic and the Barnat gold deposit, also on the mine property.

The company plans to add three additional loaders, nine Cat 793F haulage trucks and ancillary Cat equipment from Hewitt Equipment. The new vehicles will be delivered this year and next.

Detailed information about the Canadian Malartic mine and Barnat deposit are available at www.Osisko.com.