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Osisko Development Corp. - ODV STOCK NEWS

Welcome to our dedicated page for Osisko Development news (Ticker: ODV), a resource for investors and traders seeking the latest updates and insights on Osisko Development stock.

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.

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Osisko Development Corp. announces an updated mineral resource estimate for its Trixie deposit in Utah, showing measured, indicated, and inferred resources of gold and silver. The 2024 Trixie MRE reflects changes in geologic interpretation and lower estimated grades, impacting contained gold ounces. The company plans to file a technical report within 45 days of the announcement.
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Osisko Development Corp. secures a US$50 million credit facility from National Bank of Canada for the Cariboo Gold Project in British Columbia. The facility will fund detailed engineering and pre-construction activities, including an underground development drift and material extraction. The Credit Facility has a 12-month term, extendable to 17 months, with flexible repayment terms. The interest rate varies based on the loan type. Mandatory and voluntary prepayments are allowed, with specific conditions. The facility is guaranteed by the Company and secured by assets and property of Barkerville.
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Osisko Development Corp. announces positive drilling and underground chip sampling results from its 2023 exploration program at the Trixie test mine. Significant highlights include high-grade gold and silver assays, with a new mineral resource estimate expected in March 2024. The company is actively exploring priority target areas for mineralization and potential resource expansion.
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Osisko Development Corp. announces a non-cash impairment charge of approximately $80-120 million for its Trixie gold test mine. Despite this charge, management believes in the exploration potential of the property.
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Osisko Development Corp. announces the departure of François Vézina, Senior Vice President, and the repositioning for future growth initiatives. The Company will evaluate potential candidates as it transitions toward future growth. Mr. Éric Tremblay will continue to oversee technical services and environmental sustainability groups. The environmental and permitting teams are well-positioned to guide and de-risk the Cariboo Gold Project.
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Osisko Development Corp. (NYSE: ODV, TSXV: ODV) announces the retirement of Chief Operating Officer Luc Lessard and the appointment of Éric Tremblay as interim COO. The company is initiating an executive search process for a new COO. Additionally, Chris Pharness, Vice President, Sustainable Development, has departed the Company to pursue other opportunities.
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Osisko Development Corp. (NYSE: ODV, TSXV: ODV) announces drilling and underground chip sampling results from its 2023 exploration program at its 100%-owned Trixie test mine, part of the Tintic Project located in central Utah, U.S.A.
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Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has announced the commencement of an initial surface diamond drilling exploration campaign to test for copper-gold-molybdenum porphyry mineralization potential at its 100% owned Tintic Project, located in the historic East Tintic Mining District in central Utah, U.S.A.
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Osisko Development Corp. (ODV) and O3 Mining Inc. (OIII) have formed 'Electric Elements Mining Corp.' to explore lithium potential in James Bay, Quebec, with a fully-subscribed C$4.1 million financing to fund the first phase of exploration activities. Osisko Development and O3 Mining hold 80% and 20% of the outstanding EEM Shares, respectively, after the spin-out transaction. Certain insiders of Osisko Development participated in the financing, acquiring 1,400,000 EEM Shares for a total consideration of C$700,000.
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Osisko Development Corp. (NYSE: ODV, TSXV: ODV) reported Q3 2023 financial and operating results, including $10.4 million in revenues, 3,867 ounces of gold sold, and $71.5 million in cash. The Company achieved a significant breakthrough at the Trixie portal and underground decline ramp, completed a successful EA process for the Cariboo Gold Project, and sold 13,591 ounces of gold from the San Antonio heap leach pad. The Company also released assay results for 17 diamond drilling holes at Trixie and commenced drilling of the Trixie West high-priority copper-gold molybdenum potential porphyry target.
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FAQ

What is the current stock price of Osisko Development (ODV)?

The current stock price of Osisko Development (ODV) is $1.75 as of December 20, 2024.

What is the market cap of Osisko Development (ODV)?

The market cap of Osisko Development (ODV) is approximately 229.4M.

What is Osisko Development Corp.'s primary focus?

Osisko Development Corp. focuses on the acquisition, exploration, and development of precious metals resource properties in North America.

What are the main projects of Osisko Development Corp.?

The company's main projects include the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico, and the Trixie test mine in the USA.

Where is the Cariboo Gold Project located?

The Cariboo Gold Project is located in the historic Cariboo mining district of British Columbia, Canada.

What is the significance of the San Antonio Gold Project?

The San Antonio Gold Project in Mexico diversifies Osisko Development Corp.'s geographical presence and adds to its resource base.

What is the purpose of the Trixie test mine?

The Trixie test mine in the USA allows Osisko Development Corp. to test and develop new mining techniques and technologies.

How does Osisko Development Corp. ensure sustainable mining?

The company emphasizes innovative mining techniques, rigorous scientific analysis, and strong partnerships to ensure sustainable and responsible mining practices.

What recent achievements has Osisko Development Corp. made?

Recent achievements include significant progress in drilling and exploration activities, enhancing resource estimates for the Cariboo and San Antonio projects.

How does Osisko Development Corp. engage with local communities?

The company aligns with local communities, regulatory bodies, and industry partners to ensure responsible mining practices and long-term economic benefits.

What financial condition does Osisko Development Corp. currently have?

Osisko Development Corp. has a robust financial condition, supported by progress in its primary projects and a focus on delivering value to its shareholders.

What is the role of partnerships for Osisko Development Corp.?

Partnerships are crucial for the company to ensure effective project management, responsible practices, and alignment with regulatory standards.

Osisko Development Corp.

NYSE:ODV

ODV Rankings

ODV Stock Data

229.40M
101.82M
25.37%
9.69%
0.84%
Gold
Basic Materials
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United States of America
Montreal