Know What's Happening in Industry

Osisko’s Gaspé Revamp Ties History to Copper’s Surge

Osisko Metals is spearheading the revival of Quebec’s historic Gaspé copper mine, the largest undeveloped copper resource east of the Mississippi. The company, which acquired the property from Glencore for $45 million, expects a resource update by March 31 and a preliminary economic assessment by year‑end, targeting a 30‑40‑year mine life. With copper prices hovering around $6 per pound, Osisko projects a C$1.8 billion capital spend to begin construction in the early 2030s. Deep‑lying Porphyry Mountain adds high‑grade, long‑term expansion potential, positioning Gaspé as a potential generational asset.