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The Canadian Malartic mine.
The Canadian Malartic mine.

Agnico CEO says decision to bid for Osisko is ‘unique’

Agnico Eagle Mines Ltd. surprised the market when it teamed up with Yamana Gold Inc. to make a $3.9-billion bid for Osisko Mining Corp.

Although Osisko is a natural fit for Agnico because its Quebec mines sit along the same highway as Osisko’s only mine, the company has traditionally bought projects that needed to be developed.