TORONTO (miningweekly.com) – A famous name in Canada’s recent gold mining history lives again after project consolidator Oban Mining formally announced Tuesday that it would change its name to Osisko Mining.
The company said the rebranding exercise would better reflect the corporation’s current management, board and technical teams, who were responsible for much of the success of the original Osisko Mining Corporation.
The original Osisko had earned international recognition with the successes of its exploration and development team – a team that included several current members of the current company’s board and senior management, such as current co-chairperson Sean Roosen and president, CEO and director John Burzynski, who was one of the original three founding members of the old Osisko Mining.
Osisko Mining was best known for its discovery, development and operation of the Canadian Malartic mine, in the Abitibi region of north-western Quebec. The old Osisko was jointly acquired in June 2014 by Agnico Eagle Mines and Yamana Gold. Yamana’s C$3.9-billion white-knight bid for Osisko, in concert with partner Agnico-Eagle, beat a bid for Osisko from major Canadian gold producer Goldcorp.
Shareholders of Oban, which currently held a prospective mineral project portfolio in Quebec and Ontario, approved the name change during the company’s annual general meeting last week and the company advised that it would formalise its rebranding initiatives in the near future to reflect its evolution since the start of 2015, as a result of its consolidation activities in Ontario and Quebec.
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