Canadian Mining Journal

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Goldcorp to end its fight for Osisko

Goldcorp (TSX: G; NYSE: GG) is bowing out of the race for Osisko Mining (TSX: OSK; US-OTC: OSKFF) by announcing it won’t amend its $3.6-billion hostile takeover offer for the junior producer and its large Canadian Malartic gold mine in...


Goldcorp (TSX: G; NYSE: GG) is bowing out of the race for Osisko Mining (TSX: OSK; US-OTC: OSKFF) by announcing it won’t amend its $3.6-billion hostile takeover offer for the junior producer and its large Canadian Malartic gold mine in Quebec.

After several unsolicited advances, with the first one publicized in mid-January, the senior gold miner says it will allow its current offer, which falls short of the friendly joint $3.9-billion bid from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY), to expire tomorrow [April 22, 2014] night.

Read the entire story at NorthernMiner.com/news/goldcorp