Canada's Osisko Mining Corp said on Wednesday it has reached a deal to sell most of its assets to Yamana Gold Inc and Agnico Eagle Mines Ltd as it battles to thwart a hostile takeover bid from Goldcorp Inc, one of the world's biggest gold miners.Under the new white knight deal, Osisko shareholders would receive cash, shares of Canadian gold miners Yamana and Agnico Eagle, and shares of a new Osisko entity.The new Osisko would get royalties, cash and some exploration assets in Mexico. Osisko said the total value of the deal is C$3.9 billion ($3.6 billion), or C$8.15 a share.Osisko is being pursued because of its huge Canadian Malartic gold mine in the province of Quebec - a mine widely viewed within the industry as a solid asset in a relatively stable mining jurisdiction.
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 fell by 2.63% or $-0.22/share to $8.16. In the past year, the shares have traded as low as $8.20 and as high as $12.75. On average, 7896400 shares of AUY exchange hands on a given day and today's volume is recorded at 2682363.
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 1.12% or $0.29/share to $26.29. In the past year, the shares have traded as low as $21.87 and as high as $33.80. On average, 3143220 shares of G.TO exchange hands on a given day and today's volume is recorded at 680976.
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 0.93% or $0.22/share to $23.93. In the past year, the shares have traded as low as $20.54 and as high as $32.15. On average, 6873370 shares of GG exchange hands on a given day and today's volume is recorded at 1602628.
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 6.06% or $0.45/share to $7.88. In the past year, the shares have traded as low as $2.98 and as high as $7.96. On average, 5218330 shares of OSK.TO exchange hands on a given day and today's volume is recorded at 12114206.
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 fell by 2.4% or $-0.22/share to $8.96. In the past year, the shares have traded as low as $8.86 and as high as $13.87. On average, 2395610 shares of YRI.TO exchange hands on a given day and today's volume is recorded at 1619516.
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