Osisko CEO says succesful Goldcorp bid would set bad precedent
Sean Roosen argues entrepreneurial mid-tier companies like Osisko should attract a premium in the market, which Goldcorp is not offering.
Sean Roosen argues entrepreneurial mid-tier companies like Osisko should attract a premium in the market, which Goldcorp is not offering.
The bulk sample results come after an independent consultant walked away from the project in October, claiming there were 'no valid mineral resources.'
Vancouver miner ups output at Central American project 20% to 320,000 tonnes copper a year as it overhauls construction plans for $6.4 billion mine acquired last year.
Osisko shares have traded well above the $5.95 implied value of Goldcorp's Monday offer.
It’d be the first time Chile’s copper output exceeds the 6 million tonnes.
The company will pursue a sale process and restructuring through a debt-for-equity swap.
If it goes through, Goldcorp will be the No. 1 gold producer in the Canadian province of Quebec.
The company also announced is capital expenditure forecasts, earmarking $1 billion for capital investment.
Hedge fund manager Jon Richard Carnes wrote a false negative report in 2011 about the silver miner in order to profit from its falling share price.
The company announced on Tuesday that long-time directors Donald Carty and Robert Franklin had resigned with immediate effect.