(Kitco News) - Osisko Mining Corp. (TSX:OSK) and Yamana Gold Inc. (TSX:YRI)(NYSE:AUY) have announced a deal that will see Yamana buy 50% of Osisko’s mining and exploration assets.

The deal, which will see Yamana pay a total of C$929.6 in cash and common shares, essentially trumps Goldcorp Inc.’s (TSX:G)(NYSE:GG) C$2.6 billion hostile bid in early January.