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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.

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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.

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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.

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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.

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Osisko Development Corp. reports its financial and operating results for Q4 2023, highlighting 2,090 ounces of gold sold, $6.9 million in revenues, and $6.4 million in cost of sales. The company received an Environmental Assessment Certificate for the Cariboo Gold Project, formed Electric Elements Mining Corp. with O3 Mining, and announced changes in leadership. The 2024 Trixie MRE was released, showing measured, indicated, and inferred resources. A non-cash impairment charge of $160.5 million was recognized for Trixie. Key upcoming milestones include the completion of the bulk sample at Cariboo Gold Project and regional drilling at Tintic Project.
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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

ODV Rankings

ODV Stock Data

144.69M
50.42M
40.03%
16.66%
0.05%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Montréal