Goldcorp Inc , the world's second-biggest gold miner by market value, said on Thursday that it raised its offer to purchase Osisko Mining Corp to about C$3.6 billion ($3.30 billion). Goldcorp's new offer of to C$7.65 per Osisko share comes two days after Osisko Chief Executive Sean Roosen told Reuters that it would be tough for Goldcorp to raise its bid enough to trump a rival deal involving Yamana Gold Inc.Osisko, also a Canadian gold miner, has rejected Goldcorp's bid as too low. Osisko earlier this month unveiled a complex "white knight" bid by fellow Canadian miner Yamana Gold for 50 percent of its assets, which represented a 22 percent premium over Goldcorp's bid at that time.Vancouver-based Goldcorp in January launched a hostile C$2.6 billion cash and stock bid for Osisko to gain control of its Canadian Malartic gold mine in the province of Quebec. ($1 = 1.0919 Canadian Dollars)
Yamana Gold Inc. (Yamana) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia. Shares of AUY traded higher by 1.26% or $0.11/share to $8.83. In the past year, the shares have traded as low as $8.31 and as high as $14.45. On average, 8012100 shares of AUY exchange hands on a given day and today's volume is recorded at 7326644.
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 1.13% or $0.31/share to $27.84. In the past year, the shares have traded as low as $21.87 and as high as $33.80. On average, 3189890 shares of G.TO exchange hands on a given day and today's volume is recorded at 2756208.
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 1.43% or $0.36/share to $25.58. In the past year, the shares have traded as low as $20.54 and as high as $32.15. On average, 7113930 shares of GG exchange hands on a given day and today's volume is recorded at 6103202.
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 1.48% or $0.11/share to $7.55. In the past year, the shares have traded as low as $2.98 and as high as $7.96. On average, 5781490 shares of OSK.TO exchange hands on a given day and today's volume is recorded at 9971850.
Yamana Gold Inc. (Yamana) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia. Shares of YRI traded higher by 1.05% or $0.1/share to $9.60. In the past year, the shares have traded as low as $8.86 and as high as $14.62. On average, 2368420 shares of YRI.TO exchange hands on a given day and today's volume is recorded at 2909533.
Source
