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Osisko Development Corp. (ODV) is a dynamic mineral exploration and development company dedicated to acquiring, exploring, and developing precious metals resource properties across North America. The company's primary focus includes significant projects such as the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico, and the Trixie test mine in the USA. These projects reflect Osisko Development Corp.'s commitment to becoming a leading player in the precious metals sector.
Cariboo Gold Project: Located in the historic Cariboo mining district of British Columbia, this project is one of the company's flagship ventures. With substantial exploration and development activities underway, the Cariboo Gold Project aims to unlock significant gold resources, potentially transforming the region's mining landscape.
San Antonio Gold Project: Situated in Mexico, the San Antonio project adds a strategic dimension to the company's portfolio. This project is essential for Osisko Development Corp. as it diversifies its geographical presence and potential resource base. Ongoing exploration and development efforts are focused on achieving profitable gold production.
Trixie Test Mine: In the USA, the Trixie test mine represents another significant asset for the company. This project allows Osisko Development Corp. to test and develop new mining techniques and technologies, ensuring efficiency and sustainability in its operations.
Osisko Development Corp. leverages its expertise in exploration, evaluation, and development to manage its extensive portfolio of mining assets. The company's strategy involves rigorous scientific analysis, innovative mining techniques, and sustainable practices to maximize resource extraction while minimizing environmental impact.
Recent achievements include significant progress in drilling and exploration activities, enhancing the resource estimates for the Cariboo and San Antonio projects. These milestones reflect the company's robust financial condition and commitment to delivering value to its shareholders.
With a clear focus on sustainable development, Osisko Development Corp. also emphasizes strong partnerships and collaborative efforts. The company aligns with local communities, regulatory bodies, and industry partners to ensure responsible mining practices and long-term economic benefits.
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has granted 80,000 deferred share units (DSUs) to independent director Mr. Stephen Quin, following his recent appointment to the company's board of directors on December 5, 2024. The DSUs were issued in accordance with the company's DSU plan, which can be accessed on Osisko Development's website.
Osisko Development (NYSE: ODV) has completed 100% of the underground development (approximately 1,172 meters) at its Cariboo Gold Project in British Columbia, Canada. The company is preparing to extract a 10,000 metric tonnes bulk sample from the Lowhee Zone, with blasting and extraction expected in the coming weeks.
Results from the bulk sample are anticipated in Q1 2025, supporting an optimized feasibility study scheduled for completion in Q2 2025. The extracted material will undergo ore sorter testing at Tomra's facility in Saskatoon and will be processed into concentrate, providing grade reconciliation data relative to the resource model and validating ore sorting assumptions.
CEO.CA Technologies, a subsidiary of EarthLabs and leading investor social network for junior resource and venture stocks, provided coverage from the Mines & Money @ Resourcing Tomorrow conference in London. The platform, established in 2012, serves millions of visitors annually as one of Canada's most popular free financial websites. As a media partner at global investor events, CEO.CA conducted interviews with mining industry executives, including Sean Roosen from Osisko Development (NYSE: ODV), Andrew Chubb from Awalé Resources, Jim Hesketh from Viva Gold Corp, and Edouard Gosselin from Kobo Resources.
Osisko Development Corp (NYSE: ODV, TSXV: ODV) announced the immediate resignation of Ms. Marina Katusa from the company's board of directors. The company expressed gratitude for her service as a director.
Osisko Development (NYSE: ODV) has secured Environmental Management Act permits for its 100%-owned Cariboo Gold Project in British Columbia, Canada. Combined with previously obtained BC Mines Act permits from November 20, 2024, the project is now construction and operation ready. The company expects to complete ongoing bulk sample and underground development work in Q1 2025, with an optimized feasibility study due in Q2 2025.
Full-scale construction could begin in second half of 2025, targeting completion by end of 2027, subject to final investment decision and project financing. The company received multiple permits including Mines Act permits for Mine Site Complex, Bonanza Ledge, and QR Mill, along with Environmental Management Act Permits for these facilities. Work continues with relevant ministries for transmission line construction approvals.
Osisko Development (NYSE: ODV, TSXV: ODV) has appointed Stephen Quin as an independent director to its board, effective immediately. Quin brings over 40 years of mining industry experience, including significant expertise in mine development, operations, and capital markets. His track record includes serving as President & CEO of Midas Gold Corp, President & COO of Capstone Mining, and President & CEO of Sherwood Copper.
Notable achievements include successfully permitting, funding, and constructing the Minto copper-gold mine in Yukon, Canada, on time and budget. Quin has led more than 30 project studies, raised over C$1 billion in financing, and been involved in M&A transactions exceeding C$750 million. He currently serves on the boards of Hot Chili , Bravo Mining Corp, and chairs TDG Gold Corp.
Osisko Development (NYSE: ODV) has received BC Mines Act permits for its 100%-owned Cariboo Gold Project in British Columbia, marking a important milestone for construction and operations. The project expects gold production up to 223,000 ounces annually during peak operations, with an initial 12-year mine life. The company plans to complete an optimized feasibility study in Q2 2025, with full-scale construction targeted to commence in second half 2025 and completion by end of 2027.
The project will create approximately 634 construction jobs and 488 operational positions, utilizing green hydroelectric power and innovative mining technologies. Environmental Management Act permits have been referred to authorities, with decisions expected shortly. The company is advancing discussions on various funding options for a comprehensive financing package.
Osisko Development (NYSE: ODV) reports Q3 2024 results with $40.8 million in cash and equivalents. The company sold 47 ounces of gold from Cariboo Gold Project, generating $0.2 million in revenues. A mandatory prepayment of US$4.6 million was completed following a private placement. The company completed two significant private placements: a non-brokered placement raising US$34.5 million and a brokered placement raising US$57.5 million. At Cariboo Gold Project, permitting progress continues with final decisions expected in Q4 2024. The company is advancing an optimized feasibility study anticipated for Q2 2025. The Tintic Project completed drilling programs targeting copper-gold-molybdenum porphyry mineralization.
Osisko Development (NYSE: ODV) has successfully closed a private placement offering of 31,946,366 units at US$1.80 per unit, raising approximately US$57.5 million. The offering included a lead order from Condire Investors, resulting in an 8.8% stake in the company. Each unit consists of one common share and one purchase warrant exercisable at US$3.00 until October 1, 2029. The proceeds will fund the advancement of Cariboo and Tintic projects, partially repay existing credit facility, and support general corporate purposes. The company expects to complete an updated optimized feasibility study for the Cariboo Gold Project in Q2 2025.
Osisko Development (NYSE: ODV) announces that its Cariboo Gold Project in British Columbia has reached a important permitting milestone. The Mines Act permit has been referred for decision to the BC Ministry of Energy, Mines and Low Carbon Innovation, with Environmental Management Act permits review completed. Final decisions are expected in Q4 2024. The company has established participation agreements with Lhtako Dené Nation and Williams Lake First Nation, but negotiations continue with Xatśūll First Nation. The project received its Environmental Assessment Certificate in October 2023 after addressing over 1,700 comments, and has successfully closed over 1,800 comments during the Mine Review Committee process.
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