Osisko Mining's 4th-qtr profit slumps on shutdowns, project delays

Thu Feb 21, 2013 5:03pm EST
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Feb 21 (Reuters) - Gold miner Osisko Mining Corp's fourth-quarter profit slumped 75 percent due to mill shutdowns and delays in conducting a blast at an underground mine.

Montreal-based Osisko said net income in the fourth-quarter fell to C$9.6 million, or 2 Canadian cents a share, from of C$37.8 million, or 10 Canadian cents per share, a year earlier.

Total revenue rose 49 percent to C$191.0 million.