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Osisko Mining Inc T.OSK

Alternate Symbol(s):  OBNNF

Osisko Mining Inc. is a Canada-based mineral exploration company. The Company is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. It holds a 50% interest in the high-grade Windfall gold deposit located between Val-d'Or and Chibougamau in Quebec and holds a 50% interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 2,300 square kilometers). The Windfall property consists of over 286 individual claims covering an aggregate area of 12,523 hectares (ha). The Windfall project is located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec, Canada. The Urban Barry properties are located in the Urban Township, in Quebec’s Eeyou Istchee James Bay region, approximately 700 kilometers (km) north-northwest of Montreal, and 100 km east of Lebel-sur-Quevillon’s municipality. The Quevillon property consists of over 2815 individual claims covering an area of 150,163 ha.


TSX:OSK - Post by User

Comment by alixx11on Feb 18, 2022 11:35am
200 Views
Post# 34442034

RE:OSK: drop justified?

RE:OSK: drop justified?Canaccord Genuity Capital Markets analyst Kevin Mackenzie said that Osisko, with about US$200 million in cash, is still well placed to advance the project and a maiden feasibility study scheduled for this year should cast a better light on the project's economics.
 
"While likely to be viewed as a disappointing outcome in the near term, we believe that Osisko remains well positioned to advance the Windfall project into production, given management's experience permitting, constructing, and operating the Canadian Malartic mine in Quebec, prior to selling it to Agnico Eagle and Yamana in 2014 for US$3.9 billion," Mackenzie said.
 
"Overall, we expected the feasibility study will mark a sharp step change from the 2021 PEA, with a production profile potentially in excess of 300,000 ounce per year versus the 238,000oz/y outlined in the PEA," he added.


sourceminingjournal.com
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