Osisko Mining today announced that it has commenced a legal proceeding against Goldcorp in the Québec Superior Court. In the Quebec proceeding, Osisko alleges that, in making its hostile take-over bid for Osisko dated January 14, 2014, Goldcorp misused confidential information and otherwise acted in a manner not permitted by the confidentiality [...]
Osisko Mining announced today that it has filed with Canadian securities regulatory authorities and commenced the mailing of its directors' circular in response to the hostile take-over bid launched by Goldcorp on January 14, 2014. The Directors' Circular contains the unanimous recommendation of the board of directors of Osisko (the "Board [...]
Osisko Mining announces today that its Board of Directors, on the recommendation of its Special Committee, unanimously recommends that Osisko shareholders REJECT the hostile take-over bid launched by Goldcorp on January 14, 2014 and NOT TENDER their Osisko shares to the Goldcorp Offer. After careful consideration and discussion, the Special [...]
Osisko Mining today reports record gold production of 137,321 ounces at estimated cash costs of $713 per ounce for the fourth quarter, compared to 101,544 ounces at cash costs of $833 per ounce in the corresponding period of 2012. Gold production for 2013 totaled 475,277 ounces at estimated cash costs of $760 per ounce, compared to 388,478 ounces [...]
The Board of Directors of Osisko has received the takeover bid circular published by Goldcorp regarding its unsolicited proposal to acquire all of the common shares of Osisko. Osisko will continue to review the Offer and will communicate with its shareholders as appropriate. Osisko's Board of Directors noted that the 15% premium to Osisko's [...]
Goldcorp today announced that it has commenced its formal offer to acquire all of the outstanding common shares of Osisko Mining by filing the Offer and Takeover Bid Circular and related documents on Osisko's profile on sedar.com and with the Canadian securities regulators and furnishing the Circular to the United States Securities Exchange [...]
Osisko Mining 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. The Board of Directors of Osisko will consider this announcement as well as any formal offer actually made. Until the Corporation completes its review, it will not [...]
Goldcorp today announced that it intends to commence an offer to acquire all of the outstanding common shares of Osisko Mining for approximately C$2.6 billion in cash and shares. Under the terms of the Offer, Osisko shareholders will be entitled to receive 0.146 of a Goldcorp common share plus C$2.26 in cash for each Osisko common share. Based on [...]
Osisko Mining is pleased to announce that it has completed the final agreements with CPPIB Credit Investments, a wholly-owned subsidiary of the CPPIB Investment Board, the Caisse de dépôt et placement du Québec and Ressources Québec, a subsidiary of Investissement Québec, to modify certain terms of its long-term debt facilities. The final terms, as noted below, remain unchanged from Osisko's prior announcement of the modified terms (see Osisko press release dated July 30th, 2013). Osisko's repayment schedule of the $150 million CPPIB facility (negotiated in 2009) and the $75 million convertible... [...]
Osisko Mining is pleased to announce that 2013 drilling on the 100%-owned Kirkland Lake property has revealed the presence of disseminated porphyry-style mineralization (similar to that of Canadian Malartic) in drill hole BG13-361. This hole intersected 61.6 metres grading 1.44 g/t Au (3.46 g/t uncut), and was collared approximately 300 metres [...]
Osisko reports that it has received statements of offence relating to building activities carried out in 2010 in connection with the construction of its "green wall" in the Town of Malartic. Uncontested, the statements would total approximately $389,000 in imposed fines. While Osisko will work with the authorities towards resolution of these [...]
Osisko Mining is very proud to announce that the Company recently produced its 1,000,000th ounce of gold from its flagship Canadian Malartic Mine. Osisko would like to thank and congratulate the operations management and all of the over 675 employees, contractors and suppliers at Canadian Malartic for the outstanding work they have done to bring [...]
