Osisko CEO still favors Yamana, despite Goldcorp's new C$3.6B bid

|About: Goldcorp Inc. (GG)|By:, SA News Editor

Goldcorp's (GG -1.5%) sweetened bid hasn't swayed Osisko Mining (OSKFF +1.6%) CEO Sean Roosen, who makes it clear his company still favors a deal with Yamana Gold (AUY +1.4%) since it ensures continued strong exposure to the Canadian Malartic mine in Quebec: "It has a higher upside than Goldcorp ever will."

Goldcorp's Chuck Jeannes sees it differently, of course, maintaining that Osisko shareholders will retain continued exposure to Canadian Malartic as well as benefit from Goldcorp’s portfolio of world-class assets.

Osisko shareholders may be turned off by the complexity of the AUY deal; at least one analyst thinks the GG bid will be viewed more favorably by investors because it is more straightforward and worth slightly more.