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Osisko Development Corp. held its annual meeting of shareholders where directors were elected, auditor re-appointed, and plans approved. The meeting saw high voter participation and positive outcomes for key resolutions.
Osisko Development Corp. reported its Q1 2024 financial and operational results, highlighting 619 ounces of gold sold, $1.8 million in revenues, and $2.0 million in cost of sales. The Company secured a $50 million Credit Facility for the Cariboo Gold Project and is progressing with permitting. The Tintic Project saw exploration updates and the release of a new mineral resource estimate. The San Antonio Gold Project is on hold pending permitting decisions in Mexico. Key upcoming milestones and financial data were also provided in the PR.
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) files a technical report for the updated mineral resource estimate on its 100%-owned underground Trixie deposit within the Tintic Project, showcasing Measured and Indicated resources of 245,000 tonnes with a gold grade of 19.11 g/t and silver grade of 60.80 g/t. The report, prepared by Micon International , highlights the viability of the project with a focus on gold equivalent grades and underground mining scenarios.