Yamana hires Canadian mining executive ahead of Osisko acquisition - Reuters

Yamana Gold Inc said on Tuesday that former Agnico Eagle Mines Ltd executive Daniel Racine would head its Canadian mining and development operations, Reuters</em reported. Last month, Osisko Mining Corp agreed to sell most of its assets to Yamana and Agnico Eagle for $3.9 billion to thwart a hostile offer from larger rival Goldcorp Inc. At the time of the deal announcement, the Montréal-based Osisko said it had entered into arrangements totaling $550 million with CPPIB Credit Investments and the Caisse de dépôt et placement du Québec for the sale of a gold stream on its Canadian Malartic mine and an increase in its credit facility.

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