(Kitco News) – One of Canada’s most renowned gold mining companies is wading into the base metals sector, particularly zinc, as prices continue to trade near their highest level in more than ten years.
Osisko Metals is celebrating its first year of operation as it continues to develop two of Canada’s most prominent past producing zinc mining camps.
The Osisko brand is more known for its success in the precious metals sector as it developed its Canadian Malartic project, country’s largest open-pit gold mine now owned by Agnico Eagle and Yamana Gold.
Jeff Hussey, President and CEO of Osisko Metals, said that because of current market conditions it makes sense to capitalize on the momentum in the base metals market.
Hussey highlighted zinc, saying that the metal’s supply and demand fundamentals will continue to support elevated prices for the foreseeable future. The CEO explained that the metal is a critical component in galvanized steel, which is used extensively in construction material.
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