The co-founder of Osisko Mining Corporation who brought the $1 billion Canadian Malartic mine into production and then oversaw the sale of the company earlier this year to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Yamana Gold (TSX: YRI; NYSE: AUY) in a cash and share deal worth about $3.9 billion, is now poised to work his magic at junior Falco Resources (TSXV: FPC).
Roosen, currently chairman and chief executive of Osisko Gold Royalties (TSX: OR), a gold focused royalty and stream company whose cornerstone asset is a 5% NSR royalty on Malartic, joined Falco as a director and chairman of the board earlier this month and complimented the company at the time for being the only junior to control the last of the large Abitibi camps that is not owned by a major gold producer. (In August Osisko Gold Royalties announced that it plans to raise its stake in Falco to 14.99%, a percentage that will make it the junior’s largest shareholder.)
Trent Mell, Falco’s president and chief executive officer, tells The Northern Miner that the day Roosen’s appointment to Falco’s board was made public, he received a number of emails from people in the province of Quebec congratulating him and saying Roosen was a great addition given his strong reputation in the Abitibi of doing things the right way.
Read the complete article at NorthernMiner.com/news/sean-roosen