https://www.miningweekly.com
Gold|Mining|PROJECT
Gold|Mining|PROJECT
gold|mining|project

Osisko announces C$75m private placement

7th February 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Toronto-listed Osisko Mining has announced it will raise C$75-million in a bought-deal private placement for its Windfall project in the James Bay region of Quebec, as well as for general capital and corporate purposes.

The company has entered into an agreement with Canaccord Genuity on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a "bought deal" private placement basis, 24 195 000 units at C$3.10 each.

Each unit will consist of one common share and one-half of one common share purchase warrant of the corporation.

The offer is expected to close on February 28.

A November 2022 feasibility study indicates that Windfall has the potential to be a “significant and highly profitable” new gold mine, producing an average of 306 000 oz/y at an all-in sustaining cost of $758/oz.

The company expects the announcement of project financing plans in the first half of 2023 and a production decision in early 2024.  The feasibility study calculates capital expenditure of C$788-million.

Edited by Creamer Media Reporter

Comments

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.072 0.103s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: