In its first partial year of production, Osisko Mining Corporation has reported net profit of $37.8 million for Q4 2011.
The Canadian Malartic mine reached commercial production on 19 May, 2011, contributing to a net profit of $18 million for the year, compared to a loss of $17.8 million in 2010.
Mine operating profits during the fourth quarter totaled $39.5 million, and $79.5 million for 2011.