Tuesday, August 6, 2013

Osisko Mine On Hold

Lower than expected gold prices is having an impact on a planned mine for the Atikokan area.

Osisko Mining has been working on its Hammond Reef project since taking it over from Brett Resources in 2010

President Sean Roosen says its still a valuable asset, but better prices are needed to go forward.

Roosen says the company still plans to complete the permitting process which is underway.