VANCOUVER - Vancouver-based Goldcorp (TSX:T.G, Stock Forum) is extending its takeover offer for Osisko Mining (TSX:T.OSK, Stock Forum) until 5 p.m. on April 15.
The announcement came a day after a rival offer from Toronto-based Yamana Gold Inc. (TSX:T.YRI, Stock Forum), which wants to buy a half-share of Osisko's mining assets with support from Osisko's board of directors and two of Canada's largest pension funds.
Yamana's offer values Osisko at about $3.4 billion.
Goldcorp says it will continue to examine the rival offer and conduct its due-diligence investigations of Osisko and its main asset, the Canada Malartic gold mine in Quebec.