Gold

MONTREAL, QUEBEC--(Marketwire - Jan. 3, 2012) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) ("Osisko" or the "Company") has been notified of an unsolicited "mini-tender" offer, made by TRC Capital Corporation ("TRC Capital") on December 23, 2011, to purchase up to 5,000,000, or approximately 1.297% of Osisko's common shares, at a price of CDN $9.55 per share. Osisko does not recommend or endorse this unsolicited offer.

Gold started the year right climbing above $1,600, and miners were cheered seeing the S&P/TSX Composite Index gaining over two percent.

Indian gold import data is much lower than expected, according to the Bombay Bullion Association, says Commerzbank, and this could have implications for physical prices. Commerzbank notes that the association says India imported “only” 125 tons of gold in the fourth quarter of 2011, with buyers hampered by a combination of high prices and high domestic interest rates.

Mining is fueled by investors and the lure of the next lucky strike. Here are some of the investment writers we like to follow, subscriber-based newsletter writers, as well as bloggers, speakers and news publications.

The National Mining Corporation (NMiC), an Ethiopian private company, announced the discovery of the largest ever gold and base metal reserves in Oromia and Tigray regional states. NMiC estimates that the 550,000 kg gold reserve at Dawa Okote, in Oromia Regional State is worth almost $US 5 billions.

Canada-based RX Exploration has applied for an operating permit to expand a gold and silver mine northwest of Helena after regulatory officials became concerned the company was pushing the limits of its existing permit.

North Korea said Saturday it will issue gold and silver coins to mark the 20th anniversary of late leader Kim Jong-il’s ascension to the supreme commander of the communist nation’s armed forces.

2011 will go down as the year when the wind fell out of the sails of economic recovery and serious storm clouds gathered on the horizon.