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UPDATE 1-Osisko Mining gold production doubles
July 5, 2012 / 7:38 PM / 5 years ago

UPDATE 1-Osisko Mining gold production doubles

July 5 (Reuters) - Osisko Mining Corp said quarterly gold output doubled at its only producing mine, Canadian Malartic in Quebec.

April-June production from the mine, which went online on May 19 last year, rose to 92,003 ounces.

During the quarter, Osisko sold 95,675 ounces at an average price of $1,605 per ounce.

Gold price rose 7 percent to average $1,611 per ounce during the second quarter from the year-ago period.

Shares of the Montreal-based company were up 7 percent at C$7.88 on Thursday on the Toronto Stock Exchange. (Reporting by Shounak Dasgupta in Bangalore; Editing by Don Sebastian)

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