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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (163816)	2/18/2022 2:34:37 PM
From: LoneClone	Read Replies (1) \| Respond to of 192848

Osisko Mining to go it alone at Windfall miningweekly.com 18th February 2022 By: Mariaan Webb Creamer Media Deputy Editor Online Toronto-listed mineral exploration company Osisko has announced that it will develop the Windfall project, in Quebec, independently, after joint venture (JV) negotiations with Australia’s Northern Star concluded without an agreement. Osisko stated that “the development of the Windfall project on an independent basis would be optimal for the shareholders”. Osisko noted that it maintained a mutually beneficial relationship with Northern Star as a debt holder through its $154-million in convertible senior secured debenture due December 2025 with a 4.75% a year interest rate. The company in January updated the mineral resource estimate for Windfall, stating that it had 3.2-million ounces of measured and indicated resources averaging 10.5 g/t gold and 3.6-million ounces of inferred resources, averaging 8.6 g/t gold. The resource estimate, which reflects 1.7-million metres of drilling, is a strong foundation for the upcoming feasibility study.