{"id":462747,"date":"2010-03-23T12:07:00","date_gmt":"2010-03-23T16:07:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:411659"},"modified":"2010-03-23T12:07:00","modified_gmt":"2010-03-23T16:07:00","slug":"osisko-bid-for-hammond-reef-enhances-growth-profile","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/462747","title":{"rendered":"Osisko bid for Hammond Reef enhances growth profile"},"content":{"rendered":"<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=OSK&amp;id=20265996\" >Osisko Mining Corp.<\/a> is garnering some solid reviews from analysts, one day after the Quebec-based miner announced a friendly takeover bid for Brett Resources Inc.  <\/p>\n<p>On Monday, Osisko offered to acquire all of the issued and outstanding common shares of Brett Resources in a deal worth about $372-million. The acquisition is expected to provide Osisko with a second leg of growth through Brett&#39;s Hammond Reef gold project near Thunder Bay, Ontario. <\/p>\n<p>&quot;We view the potential acquisition of Brett as modestly positive, adding considerable longer\u2010term growth to Osisko\u2019s production profile,&quot; said Brad Humphrey, Raymond James analyst, reiterating his Market Perform rating and $10.10 price target.  <\/p>\n<p>Although the Hammond project is early stage, the analyst said the transaction could add up to 6% the net asset value of Osisko. He added that permitting concerns related to the project&#39;s location near a reservoir are manageable.<\/p>\n<p>&quot;Osisko\u2019s management team has shown that it can manage sensitive local issues (permitting the Canadian Malartic project) \u2013 providing some comfort that it will ultimately overcome the concerns presented by the project\u2019s close proximity to a reservoir,&quot; he told clients in a note. <\/p>\n<p>BMO Capital Markets analyst John Hayes also rated the deal positively and estimated Osisko could produce more than one million ounces of gold in 2015. <\/p>\n<p>He left his Speculative Outperform rating unchanged. <\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=411659\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Osisko Mining Corp. is garnering some solid reviews from analysts, one day after the Quebec-based miner announced a friendly takeover bid for Brett Resources Inc. On Monday, Osisko offered to acquire all of the issued and outstanding common shares of Brett Resources in a deal worth about $372-million. The acquisition is expected to provide Osisko [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-462747","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/462747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=462747"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/462747\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=462747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=462747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=462747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}