Tuesday, April 22, 2014

Goldcorp Backs Away from Osisko Takeover

Goldcorp is giving up on its bid for Osisko Mining.

The mining company says it will not raise its offer of 3-point-6 billion dollars that expires tonight.

It decision come on the heel's of last week's announcement that Yamana Gold and Angico Eagle Mines are joining forces to acquire Osisko for 3-point-9 billion, creating a new company called New Osisko.