Osisko Development Corp Stock Price, News & Analysis

Osisko Development (NYSE: ODV) appointed Ms. Sarah Harrison as Vice President, Permitting and Compliance, effective February 2, 2026. Ms. Harrison brings over 13 years of permitting and regulatory compliance experience across the mine development lifecycle, including roles at JDS Energy & Mining, Artemis Gold, Arctic Canadian Diamond Company, and the British Columbia Environmental Assessment Office.

The hire strengthens Osisko Development's permitting and environmental compliance capabilities in western Canada.

Osisko Development (NYSE: ODV) completed the sale of its 100% interest in the San Antonio Gold Project in Sonora, Mexico to Axo Copper, receiving 15,325,841 Axo shares (9.99%) at closing.

Osisko Development retains contingent payments: 70% of any Mexican VAT refund, US$2,000,000 upon an NI 43-101 feasibility study (cash or up to 9,398,496 Axo shares), US$2,000,000 on first gold pour, and share protections tied to a Qualifying Financing of at least US$10,000,000. Bennett Jones acted as legal advisor.

Osisko Development (NYSE: ODV) entered a bought deal underwritten offering of 35,311,000 common shares at US$3.54 per share for gross proceeds of US$125,000,940, with an over-allotment option for up to 5,296,650 additional shares for up to US$18,750,141. Net proceeds are intended to fund infill conversion drilling and at-depth exploration at the Cariboo Gold Project and for general working capital. The Base Shelf Prospectus is accessible and the Canadian prospectus supplement will be filed within two business days. Closing is expected on or about January 30, 2026, subject to regulatory and listing approvals including TSXV and NYSE.

Osisko Development (NYSE: ODV) reported that on January 22, 2026 a contractor at surface suffered a fatal injury at the Cariboo Gold Project in central British Columbia. The company notified authorities and said an investigation is underway. Activities at the Project have been temporarily suspended to allow the investigation. The company expressed condolences and said it will provide further information as appropriate.

Osisko Development (NYSE: ODV) reported new infill drilling from its 13,000-m program at the Cariboo Gold Project Lowhee Zone.

To date 5,983 m of infill with full results (3,704 m reported) have been released and an aggregate of ~10,000 m (~72%) completed. Select results include 8.56 g/t Au over 8.5 m and 16.95 g/t Au over 4.0 m (incl. 130.32 g/t over 0.5 m). Results align broadly with modelled reserve stopes, show upside outside current reserves, and will inform a local block remodelling and future stope designs. Program on track to finish in Q1 2026.

Osisko Development (NYSE: ODV) launched a fully-funded 70,000‑meter exploration drilling campaign at its 100%‑owned Cariboo Gold Project in central B.C., with two rigs operating and plans to ramp to six rigs through the end of 2026.

Key phase‑1 targets include Cariboo Deep (~10,000 m in 11 holes to ~800 m depth), Proserpine Mountain (~20,000 m, >30 holes), Barkerville Mountain and ~10,000 m for other regional targets. Current CGP inventories: 2.07 Moz probable reserves (17.8 Mt @ 3.62 g/t), 1.61 Moz M&I (17.4 Mt @ 2.88 g/t) and 1.86 Moz inferred (18.8 Mt @ 3.09 g/t).

A preliminary exploration progress update is expected in Q2 2026.

Osisko Development (NYSE: ODV) agreed to sell its 100% interest in the San Antonio gold project in Sonora, Mexico to Axo Copper (TSXV: AXO) under a Purchase Agreement dated Nov 21, 2025.

Consideration at closing will be 15,305,536 Axo common shares or such number that yields a 9.99% ownership of Axo on a non-diluted basis. Contingent payments include: 70% of any Mexican VAT refund due to Sapuchi; US$2.0M on filing an NI 43-101 feasibility study (cash or Axo shares); US$2.0M on first gold pour (cash or Axo shares); and additional shares to preserve a 9.99% stake if Axo raises ≥US$10.0M in equity.

Osisko will hold Axo shares for at least 12 months and comply with further conditions until 24 months. San Antonio is not a material property and has been in care and maintenance since Q3 2023. Closing is subject to customary conditions including TSXV acceptance.

Osisko Development (NYSE: ODV) reported Q3 2025 results on Nov 10, 2025, highlighting strong liquidity and financing progress for the Cariboo Gold Project.

Key metrics: $401.4M cash and cash equivalents at Sept 30, 2025; $137.2M drawn (US$100M) under a US$450M Appian senior secured project financing; completed private placements totalling ~US$203.1M (≈$280.4M) in Aug 2025 and a subsequent $82.5M flow-through/non-flow-through placement in Oct 2025. Q3 revenue was $4.4M from sale of 877 oz at the Tintic heap-leach activity. The company advanced pre-construction, ~1.9 km underground development, began a 13,000‑m infill drill program (≈51% complete at report date) and disclosed upcoming milestone costs through 2026.

Osisko Development (NYSE: ODV) appointed Scott Smith as Vice President, Exploration effective November 1, 2025.

Mr. Smith brings over 30 years of industry experience, including >18 years in senior management, work across Canada, Mexico, Peru, Chile and the U.S., and roles at Prime Mining, Gibraltar Mines, Teck Resources and Newmont. At Prime Mining he led resource extension and exploration that contributed to the company's sale to Torex Gold Resources in October 2025. The appointment is presented as strengthening exploration capability for the Cariboo Gold Project and other Osisko Development properties.