Thursday, January 23, 2014

Osisko Rejects Goldcorp Offer

Osisko Mining has formally rejected Goldcorp's hostile takeover offer.

Osisko Mining says the 2-point-6 billion dollar offer announced last week  "significantly undervalues" the company's assets, including its flagship Canadian Malartic gold mine in Quebec.

Osisko also has the Hammond Reef gold project near Atikokan in its portfolio.