Tuesday, April 30, 2013

Osisko Scales Back Spending

Osisko Mining is cutting back on spending at its Hammond Reef gold project near Atikokan.

The company's looking at a $3.5 million reduction to its planned budget in light of falling gold prices.

Permitting and Environmental Impact Assessment work is currently taking place, but Osisko says any decision to proceed further won't be made until a final feasibility report is issued later this year.