Deals
Osisko Sale Spurs CEO to Next Gold Challenge: Corporate Canada
This article is for subscribers only.
Sean Roosen, who turned a small explorer into the operator of one of Canada’s largest gold mines, says he’s ready to do it again after agreeing to sell Osisko Mining Corp. for C$3.9 billion ($3.54 billion).
Yamana Gold Inc. and Agnico Eagle Mines Ltd. yesterday agreed to pay C$8.15 per Osisko share, trumping a hostile C$7.65-a-share bid announced last week by larger Canadian competitor Goldcorp Inc. The Yamana-Agnico deal includes splitting off exploration properties, royalties and cash into a new company that would be led by Roosen and his team.