Company News: Osisko Mining
Updated: 17 Aug 2010
Osisko Mining Corporation is a mine developer based in Montréal, Québec, Canada, with a published NI 43-101 compliant positive feasibility study for an open pit operation that will produce 591,000 ounces of gold per year over a ten-year mine life. The study revealed operating costs of US$319 per ounce, ranking it in the lowest cost quartile among global gold producers.
The 100%-owned Canadian Malartic flagship property is adjacent to Highway 117 in the town of Malartic at the heart of the historic Abitibi mining district in Québec, an area already equipped with extensive existing infrastructure. The Canadian Malartic deposit currently represents one the biggest gold reserves in Canada for a single deposit, and is still growing through ongoing drilling on new mineralized zones, like the Barnat deposit. An initial resource calculation was published on January 26, 2009, for this separate gold mineralization zone located northeast of the main deposit and for which the grades have consistently averaged nearly double those of the main Canadian Malartic deposit.
- Windsor Station, Suite 300
- 1100 De La Gauchetière West
- P.O. Box 211
- Montréal
- Québec
- H3B 2S2
Most Recent Company News
- Canada could see C$100bn mining investment in next decade – minister - 09 Mar 2012 12:33pm
Investment in Canada’s mining sector could total almost C$100 billion (US$100 billion) over the next decade, the country’s minister of natural resources, Joe Oliver, said Read more... - Canada could see C$100 bn mining investment in next decade – minister - 06 Mar 2012 5:11pm
Canada's Minister of Natural Resources, Joe Oliver has made some positive comments about the future of the country's mining industry. Read more... - Hammond Reef passes 10Moz - 11 Nov 2011 1:09pm
Osisko Mining Corp has received an updated resource estimate defining more than 10Moz of gold within the Hammond Reef gold project near Atikokan in Ontario Read more... - Malartic pour - 15 Apr 2011 11:43am
Osisko Mining Corp has poured the first gold bar from its Canadian Malartic gold project in Quebec Read more... - Jeffrey assays - 04 Mar 2011 12:15pm
Osisko Mining Corp, drilling a property under option from Golden Valley Mines Ltd, has intersected mineralisation immediately east of its Canadian Malartic gold project in Quebec Read more... - Goldcorp disposes of Osisko stake - 09 Feb 2011 3:55pm
Goldcorp Inc has sold its entire 10.1% stake in Osisko Mining Corp for cash proceeds of some C$530 million (US$533 million). The 38.6 million shares were sold, at C$13.75/share, on an underwritten block-trade basis. Read more... - Kinross sells stake in Osisko - 20 Dec 2010 4:49pm
Canada's Kinross Gold Corp has sold its stake in Osisko Mining Corp for almost C$100 million (US$99.9 million). Read more... - Duparquet intercepts - 10 Dec 2010 11:28am
Joint-venture partners Clifton Star Resources Inc and Osisko Mining Corp have received assays from holes that tested the Beattie prospect, part of the Duparquet gold property in Quebec Read more... - Duparquet assays - 05 Nov 2010 11:51am
Osisko Mining Corp and Clifton Star Resources Inc have intersected gold mineralisation at the joint-venture Duparquet property in Quebec Read more... - Community backing - 20 Aug 2010 11:50am
In this week's Fifth Column, Ken Gooding reports on Toronto-listed Osisko Mining Corp's efforts to re-open the Malartic gold mine in north-west Quebec. Read more...
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