MONTREAL, QUEBEC--(Marketwire - Feb. 19, 2013) - Osisko Mining Corporation (the "Company" or "Osisko") (News - Market indicators)(FRANKFURT:EWX) is pleased to report that it has been advised by the representatives of the Government of Québec that conditions to its operating parameters have been modified allowing it to increase access to the northern portion of the deposit and to improve the framework for the execution of its blasting operations. The modifications allow Canadian Malartic to perform blasting sequences of up to a maximum of 15 seconds and to conduct blasting operations between 11:00 AM and noon, and 3:00 PM to 4:00 PM.
Sean Roosen, President and Chief Executive Officer of Osisko, commenting: "Our team and our consultants have worked diligently with the Ministry of Sustainable Development, Environment, Wildlife and Parks personnel to add necessary flexibility in our operating conditions while ensuring the necessary safeguards for our host community and our employees. We would like to recognize the efforts made by all parties in making these necessary modifications. With these new guidelines we are confident that Canadian Malartic will continue to advance for the benefit of all stakeholders".
The Canadian Malartic Mine employs over 600 people and is an important economic contribution to the Town of Malartic, the Abitibi-Témiscamingue region and the province of Québec. In 2012, Osisko's salaries and purchases of goods and services totalled approximately $585 million.
About Osisko
Osisko Mining Corporation operates the Canadian Malartic Gold Mine in Malartic, Quebec and is carrying out aggressive exploration and project development elsewhere in Canada and Latin America.
Osisko Mining est une société de production minière d'or basée au Canada.
Osisko Mining détient divers projets d'exploration au Bresil, au Canada et en Argentine.
Son principal projet en production est MALARTIC au Canada et ses principaux projets en exploration sont GOLDBORO, SLEITAT, JC - SMART SKARNS, HAMMOND REEF, MALARTIC CHL GOLD PROPERTY, DUPARQUET et CLEMENT LAKE au Canada, EL POTOSI et SANTA CLARA / CERRO BONITO au Salvador, CERRO CONDORINI et COAL CREEK au Perou, CASTELO DOS SONHOS au Bresil et FAMATINA en Argentine.