Goldcorp extends deadline for Osisko takeover offer, continues analysis

VANCOUVER – Vancouver-based Goldcorp (TSX:G) is extending its takeover offer for Osisko Mining (TSX:OSK) until 5 p.m. on April 15. The announcement came a day after a rival offer from Toronto-based Yamana Gold Inc. (TSX:YRI), which wants to buy a half-share of Osisko’s mining assets with support from Osisko’s board of directors and two of Canada’s largest pension funds. Yamana’s offer values Osisko at about $3.4 billion. Goldcorp says it will continue to examine the rival offer and conduct its due-diligence investigations of Osisko and its main asset, the Canada Malartic gold mine in Quebec.