Osisko Development Corp Stock Price, News & Analysis

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.

Osisko Development (NYSE: ODV) filed an early warning report after, on October 17, 2025, its subsidiary Barkerville Gold Mines acquired 6,250,000 Units of Falco Resources at C$0.32 per Unit for an aggregate C$2,000,000 in a bought-deal private placement.

Each Unit included one Falco common share and one-half warrant. After the Offering Osisko Development, via its subsidiary, owned 54,925,240 common shares and 4,915,000 warrants, representing ~15.9% of Falco on a basic basis and ~17.1% on a partially diluted basis. The securities were acquired for investment purposes and an early warning report will be filed on SEDAR+.

Osisko Development (NYSE: ODV) further upsized its previously announced bought‑deal financing to a total C$75 million offering on Oct 15, 2025.

The company will issue LIFE-eligible flow-through shares and a Concurrent Private Placement of 5,230,200 common shares at C$4.78 per share for gross proceeds of C$25,000,356 (Concurrent Private Placement size increased by about C$15 million).

Closing is expected on or about Oct 29, 2025, subject to regulatory approvals including TSXV and NYSE approvals; shares from the Concurrent Private Placement will have a four months plus one day statutory hold.

Osisko Development (NYSE: ODV) upsized its bought‑deal financing to C$60.0 million on Oct 9, 2025. The LIFE Offering totals C$49,999,980 across three tranches: 2,990,000 FT Shares at C$6.69 (C$20,003,100), 1,444,000 BC FT Shares at C$6.93 (C$10,006,920) and 4,182,000 Common Shares at C$4.78 (C$19,989,960). A concurrent private placement will issue 2,092,100 Common Shares at C$4.78 for C$10,000,238. Net proceeds of approximately C$30 million are intended for Cariboo Gold Project construction and pre‑construction activities. Closings expected on or about Oct 29, 2025, subject to regulatory approvals and customary conditions.

Osisko Development (ODV) entered a bought‑deal C$30,010,020 life offering of flow‑through shares in two tranches: 2,990,000 National FT Shares at C$6.69 for C$20,003,100 and 1,444,000 BC FT Shares at C$6.93 for C$10,006,920.

Proceeds will fund eligible Canadian exploration expenses on the company’s British Columbia properties, to be incurred by Dec 31, 2026 and renounced with an effective date no later than Dec 31, 2025. Closing is expected on or about Oct 29, 2025, subject to regulatory approvals including TSXV and NYSE; closing must occur within 45 days. The underwriters receive a 4.50% cash commission. Flow‑through shares issued under the LIFE Exemption will not be subject to a statutory hold period.

Osisko Development (NYSE: ODV) reported initial results from its underground 13,000‑meter Lowhee infill program, with ~2,279 m completed on 10‑m spacing (~17.5% of the program) between August and early September 2025. Key assays include 45.24 g/t Au over 3.0 m (including 233.92 g/t over 0.5 m), 41.17 g/t over 2.1 m, and 16.36 g/t over 4.6 m. Results show continuity with modelled vein zones and planned stopes, and high‑grade intercepts occur within or adjacent to modelled reserve stopes. Cow portal access and ~350 m of Lowhee development were completed; the Lowhee probable reserve is reported as 104,491 oz Au at 3.52 g/t, ~5% of Cariboo's probable reserves.