The chief executive of Osisko Mining Corp said Tuesday he has not spoken to anyone at Goldcorp Inc since shortly before Goldcorp announced last week it would make an unsolicited takeover bid for the mid-tier Canadian gold producer. Osisko CEO Sean Roosen, who described the bid as "very hostile," said he got a courtesy call about the offer roughly half an hour before Goldcorp, one of the world's biggest gold miners, sent out a press release announcing it.Roosen spoke to media on the sidelines of a conference in Toronto, where he urged investors to reject the offer. Osisko has called the 15 percent premium being offered by Goldcorp "very low.""We are five minutes into the first game of a seven-game series. Don't sell your stock," said Roosen in a lunchtime presentation at the TD Securities Mining Conference.Vancouver-based Goldcorp, which wants control of Osisko's Malartic gold mine in Quebec, said last week it went ahead with an unsolicited offer after a long series of frustrated attempts to engage Osisko in talks.
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of G traded higher by 2.16% or $0.56/share to $26.49. In the past year, the shares have traded as low as $21.87 and as high as $37.00. On average, 3011020 shares of G.TO exchange hands on a given day and today's volume is recorded at 1472851.
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. Shares of GG traded higher by 1.98% or $0.46/share to $23.74. In the past year, the shares have traded as low as $20.54 and as high as $36.84. On average, 7992580 shares of GG exchange hands on a given day and today's volume is recorded at 4726911.
Osisko Mining Corporation is engaged in the business of acquiring, exploring, developing and operating gold properties, with interests substantially in Canada. Shares of OSK traded higher by 1.39% or $0.09/share to $6.55. In the past year, the shares have traded as low as $2.98 and as high as $7.18. On average, 4198380 shares of OSK.TO exchange hands on a given day and today's volume is recorded at 1036249.
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