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A photo of heavy equipment at Osisko’s Canadian Malartic mine in Quebec.
A photo of heavy equipment at Osisko’s Canadian Malartic mine in Quebec.
(Mathieu Dupuis/Osisko)

Goldcorp must increase bid to win: Osisko CEO

Osisko Mining Corp.’s chief executive said that Goldcorp Inc. would have to raise its hostile bid by at least $1.50 per share if it wants to top a friendly deal between Osisko and Yamana Gold Inc.

Vancouver-based Goldcorp is after Montreal-based Osisko for its large Canadian Malartic gold mine in Quebec. Its unsolicited bid is currently valued at $6.30 per share.