Company Overview
Osisko Mining Corporation is a mining company based in Montreal, Quebec, Canada. The Company is focused on acquiring, exploring, developing and mining gold properties, with the aim of becoming a leading mid-tier gold producer. It’s flagship project is the Canadian Malartic gold mine located in the Abitibi mining district. Following the pouring of the first gold bar on April 13 2011, commercial production began in May (see June 21 press release). Canadian Malartic currently represents the single biggest gold reserve in production in Canada with Proven and Probable Reserves of 10.7 million ounces of gold, and is still growing through ongoing drilling on adjacent mineralized zones.
The Company is also pursuing exploration on a number of properties, including the Hammond Reef Gold Project in Northern Ontario. This project currently hosts a NI 43-101 compliant inferred resource of 6.70 million ounces of gold providing Osisko with the potential to become a one million ounce per year gold producer by 2016.
Osisko has won a number of prestigious awards, including the AEMQ "Prospector of the Year" Award in 2006, the PDAC "Prospector of the Year" Award in 2007, the AEMQ "e3" Award in 2008, the AEMQ "Entrepreneur of the Year" Award in 2009 and the CIM Syncrude Award for Excellence in Sustainable Development in 2010. Senior management team members were also recognized as "Mining Men of the Year" for 2009 by the Northern Miner.
Osisko is included on the S&P/TSX Composite Index (including the S&P/TSX Global Gold Index and the S&P Global Mining Index), the leading indicator of market performance based on Canada's major corporations.
| Shares Structure as of Dec 31, 2011 | |
|---|---|
| Outstanding shares: | 385.5 M |
| Options: | 15.0 M |
| Warrants: | 12.5 M |
| Convertible Debentures : | 8.2 M |
| Fully diluted: | 421.2 M |
| Market Cap: | $ 4.46 B |
| 12-Month Trading Range: | $ 9.18 - $ 15.86 |
| Liquidity (Sep 30, 2011): | $ 173.5 M |
Stock Symbol:
TSX: OSK
Deutsche Boerse: EWX