05:25:42 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Osisko Mining Inc
Symbol OSK
Shares Issued 125,275,226
Close 2016-06-27 C$ 2.22
Market Cap C$ 278,111,002
Recent Sedar Documents

Globe says TMAC, rivals rush to cash in on price pop

2016-06-28 08:00 ET - In the News

See In the News (C-TMR) TMAC Resources Inc

The Globe and Mail reports in its Tuesday, June 28, edition that Canadian gold miners are rejoicing as the precious metal's price pops on the back of Brexit-induced market chaos. The Globe's Tim Kiladze writes that as investors flock to safe havens, junior developers and producers are finding a rare window to raise desperately needed money. On Monday Guyana Goldfields, Orezone Gold, Osisko Mining, TMAC Resources, Lundin Gold and Sandstorm Gold rushed to tap investors for fresh dollars. Within hours of launching, the size of two of the deals increased on the back of heavy investor demand. Guyana Goldfields set out to raise $110-million to finance an expansion of its Aurora gold mine, but it quickly boosted the financing to $130-million. Orezone Gold had plans to raise $20-million and has already increased the deal size to $23-million. The financings follow a steady trickle of gold deals in the past few weeks for companies such as Endeavour Mining and Richmont Mines. Since January, the bullion price has jumped 25 per cent and that rise has given investors more confidence to invest in select miners. Gold has climbed higher by 5.4 per cent since the Brexit results late on Thursday.

© 2024 Canjex Publishing Ltd. All rights reserved.