By Staff Writer | Friday 25 April 2014
When a deposit gets big enough, a major mining company may seek to acquire the company, paying a healthy takeover premium to shareholders. The takeover battle for Osisko, which we talked about yesterday, shows that big mining companies will fight tooth and nail to get their hands on a big new ore body. Goldcorp fought hard with Agnico Eagle and Yamana for control of Osisko’s Malartic gold deposit. Goldcorp lost the battle, but is garnering lots of attention today for another acquisition – which it made successfully.
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