Osisko Metals Inc V.OM

Alternate Symbol(s): OMZNF

Metals & Mining Copper

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company owns a 100% interest in the past-producing Gaspe Copper mine. The Gaspe Copper mine is located near Murdochville in Quebec's Gaspe Peninsula. In addition to the Gaspe Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance the past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure. Its Mount Copper Expansion Project hosts the undeveloped copper resource in Eastern North America. The Company also owns a group of 199 claims adjacent to its Gaspe Copper Project. The claims cover additional ground near the Gaspe Copper project.

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Osisko Metals Inc

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Post by landlubberon Apr 16, 2010 12:00am

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Post# 16998465

India imports 27t gold in March

March gold importsjumped nearly six times from a year ago, a trade body head said, aspent-up demand and steady prices since January revived purchases by theworld's largest consumer of the precious metal.

Gold imports inMarch rose to 27.7 tonnes against 4.8 tonnes a year ago, Suresh Hundia,president of the Bombay Bullion Association (BBA) said on Wednesday.

"Prices are down from the all-time highs we saw last year and that is why people are buying," Hundia told Reuters.

In2009, the worst year in more than a decade for gold sales in India,gold imports were at 339.8 tonnes, down from 420 tonnes a year ago,data from the BBA showed.

Record high gold prices throughoutlast year coupled with worst monsoon in nearly four decades and worriesover the pace of economic recovery following the global financialcrisis reduced the appetite for the metal in 2009, the industry memberssaid.

A brighter economic outlook and softer local prices owingto firmer rupee against the US dollar have regained buying interest,they added.

Gold plays an important role in social and religious ceremonies in India.
https://www.businessworld.in/bw/2010_04_14_March_Gold_Imports_Up_Nearly_6Times_YY.html

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