About Yamana Gold Inc Yamana Gold Inc. is a precious metals producer.

Yamana acquired Agua Rica when it took over Northern Orion Resources in 2007.

He did not say if Yamana would consider raising its bid.

Approval by Yamana and Agnico Eagle shareholders is not required.

Yamana Gold's Toronto-listed shares are up 50% so far this year.

Yamana also raised its quarterly dividend by 18 percent.

Eldorado Gold spoke with top shareholders around November and Yamana Gold began such talks last year.

Yamana Gold Inc is expected to report weaker fourth-quarter earnings on the back of lower metal prices.

The Yamana and Agnico-Eagle offer for Osisko is the gold sector's biggest in more than a year.

Apart from the El Corpus mine owned by Mayan Gold, mid-tier Toronto miner Yamana Gold operates another mine.

Yamana said in December that it would explore a potential sale of Brio, along with other options, in 2015.

A Yamana spokesman declined to comment, and Goldcorp and Agnico did not immediately respond to requests for a statement.

Separately, Yamana raised its quarterly dividend by 18 percent to 6.5 cents a share.

Canadian companies Yamana Gold and Wheaton Precious Metals have both signalled their intention to add a London listing this year.

For Peter Marrone, chief executive at Yamana Gold, more consolidation will likely occur as stock valuations at larger companies improve.

Some analysts though were skeptical about Yamana effectively paying a premium without gaining a controlling interest in the asset itself.