O3 Mining Inc., an Osisko Group company, is a well-funded Canadian gold explorer and mine developer with assets in Quebec, on the road to production with our flagship project, Marban, located 12 km from the Canadian Malartic mine, the largest gold mine in Canada, own by Agnico Eagle.
O3 Mining trades on the TSX Venture Exchange (TSXV: OIII) and OTC Markets (OTCQX: OIIIF). The Corporation is focused on delivering superior returns to its shareholders and long-term benefits to its stakeholders.
Marban has a Pre-feasibility study completed on September 2022 with post-tax net present value (NPV5%) of C$463M and unlevered IRR 23.2% with 161Koz gold average annual production during 10 years. Optimization trade-off studies initiated towards completion of Feasibility Study and expected study completion in Q1-2024.
Marban is located 12 kilometres from the Canadian Malartic mine, the largest gold mine in Canada, own by Agnico Eagle that acquired in 2023 a 50% ownership on this project from Yamana for USD 2,500 million. Marban is expected to produce by 2026.