April 13, 2011 / 6:52 PM / in 7 years

UPDATE 1-Osisko pours first gold at Quebec mine

(In U.S. dollars unless noted)

TORONTO, April 13 (Reuters) - Osisko Mining OSK.TO said on Wednesday it has has produced the first gold bar from its flagship Canadian Malartic mine in Quebec.

The Montreal-based company said commissioning of the project has progressed smoothly and the mine is well on track to achieve commercial production by the end of May.

Malartic is expected to produce more than 600,000 ounces of gold annually over more than 12 years, at average operating costs of about $320 an ounce.

Osisko shares were up 1 Canadian cent at C$12.43 on Wednesday afternoon on the Toronto Stock Exchange. (Reporting by Euan Rocha; editing by Rob Wilson)

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