February 28th, 2024

Osisko Mining renews share buyback program

By The Canadian Press on December 28, 2023.

The Osisko Mining logo is shown in a handout. Osisko Mining Inc. says the Toronto Stock Exchange has approved its plans to renew its normal course share buyback program. THE CANADIAN PRESS/HO

TORONTO – Osisko Mining Inc. says the Toronto Stock Exchange has approved its plans to renew its normal course share buyback program.

Under the terms of the notice, Osisko could acquire up to about 36.5 million common shares through the program.

The program runs between Jan. 1, 2024, and Jan. 1, 2025, with a daily maximum purchase of 191,304 shares.

Osisko says that as of Dec. 19 it had 370.8 million common shares issued and outstanding.

During its 2023 program, Osisko was approved to buy up to 29 million shares and actually bought just under 14 million shares.

Companies routinely conduct share buyback programs as a way to return capital to shareholders and to try to boost share price.

This report by The Canadian Press was first published Dec. 28, 2023.

Companies in this story: (TSX:OSK)

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