This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.
From its headquarters in Montreal, Osisko Mining is constructing a solid foundation to become a successful mid-tier gold producer. The company poured its first bullion bar in April 2011 at its flagship and 100% owned Canadian Malartic gold mine in Quebec.
With its two main projects – Canadian Malartic and Hammond Reef — the company anticipates being a million ounce per year producer by 2016. While the company directs its activities firmly into the future, its name has historic roots. Osisko Lake in Northwestern Quebec is where Noranda founder Edmond Henry Horne made his first significant mineral discovery.
Commercial production from Canadian Malartic, which is located about 25 kilometres west of Val d’Or, started in June of this year, six years after the first exploration drill hole was struck on the property. It is estimated this mine will produce on average about 575,000 ounces of gold annually over its anticipated 16 year mine life. Continue Reading →