- Reuters•2 years ago
Osisko Gold Royalties Ltd said on Monday it has agreed to acquire smaller rival Virginia Mines Inc for C$479 million ($424 million), creating a C$1.3 billion ($1.2 billion) company that owns royalty interests in two major gold mines in the province of Quebec. The deal will give Montreal-based Osisko, which already owns a royalty in the Canadian Malartic asset, a royalty interest in Goldcorp Inc's Éléonore mine, which began production last year. Éléonore is ramping to 600,000 of gold ounces annually by 2018 and Canadian Malartic is currently producing about 525,000 ounces of gold annually. Earlier this month though the sector received a spot of good news when New Gold agreed to buy Bayfield Ventures Corp for C$16.6 million, soon after two silver miners Scorpio Mining and U.S.
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Americas Silver CorporationToronto
|Bid||N/A x N/A|
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|52wk Range||0.36 - 0.39|
|Day's Range||0.36 - 0.39|
|Avg Vol (3m)||N/A|
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