A friendly deal that will see 100% of the shares of Osisko Mining Corp. (TSX:OSK) acquired by Agnico Eagle Mines (TSX:AEM) and Yamana Gold (TSX:YRI) has received court approval.
In April, Yamana and Agnico Eagle had offered $3.9 billion for 100% of Osisko’s shares. Each party will receive a 50% interest in Osisko’s Malartic gold mine project in Quebec.
Sean Boyd, President and Chief Executive Officer of Agnico Eagle, and Peter Marrone, Chairman and Chief Executive Officer of Yamana Gold issued the following joint statement: “We are pleased and excited with the record monthly production and mill throughput that were delivered by Osisko at Canadian Malartic for the month of May,” said Sean Boyd, president and chief executive officer of Agnico Eagle, and Peter Marrone, chairman and chief executive officer of Yamana Gold in a joint statement.
