Staff
The Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board (CPPIB) have agreed to provide $550 million in funding to Montreal’s Osisko Mining.
The Caisse will provide Osisko with a $275-million deposit in exchange for a portion of production from its Malartic gold mine in Quebec.
And the CPPIB will advance a $275-million loan to roll over its existing $150-million loan.
Osisko has also sold a 50% interest in its mining and exploration assets to Yamana Gold for $929.6 million in an attempt to fend off a hostile takeover bid from Goldcorp.
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