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
Osisko Mining Inc. has received approval from the Toronto Stock Exchange for the renewal of its normal course share buyback program. As outlined in the notice, Osisko has the potential to acquire approximately 36.5 million common shares through this program.
The buyback initiative is set to be active from January 1, 2024, to January 1, 2025, with a daily maximum purchase limit of 191,304 shares.
As of December 19, Osisko reported having 370.8 million common shares issued and outstanding. In the previous year's program, Osisko was authorized to buy up to 29 million shares and successfully purchased just under 14 million shares.
Share buyback programs are commonly used by companies to return capital to shareholders and enhance share prices.
