Threegold Resources (THG.V) said on Thursday Canadian gold miner Osisko Mining (OSK.TO) has acquired a 9.2 percent stake in the company through the purchase of shares in the open market. Osisko, which recently poured its first gold bar at its Canadian Malartic mine in Quebec, earlier this year signed an option-in agreement, which allows it to earn up to a 70 percent interest in Threegold's Standard Gold property in the Abitibi region of Quebec.
Osisko Mining Corporation (Osisko) is engaged in the business of acquiring, exploring, developing and operating mineral properties, primarily those containing gold and associated precious metals. Shares of OSK remained unchanged at $28.71. In the past year, the shares have traded as low as $24.63 and as high as $40.11. On average, 1294860 shares of OSK exchange hands on a given day and today's volume is recorded at 0.
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