Osisko Development Corp Stock Price, News & Analysis

Osisko Development (NYSE: ODV) has announced positive results from ore sorting testing at its Cariboo Gold Project in British Columbia, Canada. The tests, conducted on an ~80-tonne sample, demonstrated significant improvements in processing efficiency.

Key results include 42-55% waste rejection with 84-89% gold recovery for mid-size and oversize material, and notably, a 59% waste rejection with 95% gold recovery for the previously untested 6-10mm size fraction. The testing achieved a 2.0-2.1 upgrade ratio, exceeding the 2025 Feasibility Study assumption of 1.95.

The program, utilizing TOMRA's advanced AI-enabled XRT technology, represents a significantly larger dataset compared to previous ~5-tonne tests. Approximately 76% of the contained gold reported to the fines fraction, suggesting potential for optimization in future engineering phases.

Osisko Development (NYSE: ODV) announced progress on its fully permitted gold development project in British Columbia, Canada. The company recently completed an updated feasibility study demonstrating strong economic potential at current gold prices.

The project is advancing towards the construction phase and is expected to create hundreds of direct and indirect jobs. This development positions Osisko as a significant contributor to Canada's resource sector, being one of the few fully permitted gold projects in the country.

Osisko Development (NYSE: ODV, TSXV: ODV) has appointed Susan Craig as an independent director to its board, effective immediately. Craig brings over 35 years of mining industry experience, specializing in environmental stewardship, Indigenous relations, and regulatory compliance. Her expertise includes advancing major projects through environmental assessments, notably NovaGold's Galore Creek project and establishing a landmark agreement with the Tahltan Nation. Craig previously served as President & CEO of Northern Freegold Resources and has extensive experience in project development from exploration to closure in Yukon and British Columbia. She has received multiple industry awards, including the 2017 Canadian Women in Mining Trailblazer Award, and currently chairs the Advisory Board at Lakehead University's Centre of Excellence for Sustainable Mining & Exploration.

Osisko Development (NYSE: ODV, TSXV: ODV) has filed a new NI 43-101 Technical Report for its 100%-owned Cariboo Gold Project in British Columbia. The 2025 Feasibility Study reveals impressive economic metrics with an after-tax NPV5% of C$943 Million and 22.1% IRR at a base case gold price of US$2,400/oz. At the current spot gold price of US$3,300/oz, the project shows even stronger potential with C$2.1 Billion after-tax NPV5% and 38.0% IRR. The Technical Report, effective April 25, 2025, was prepared by multiple independent engineering firms and supersedes the previous January 2023 report. The fully permitted project demonstrates robust economics and significant upside potential at higher gold prices.

Osisko Development (NYSE: ODV, TSXV: ODV) announced plans to complete the third deferred payment of US$2.5 million related to its 2022 Tintic Project acquisition in Utah. The payment will be made entirely in common shares, with 1,368,610 shares to be issued at C$2.5082 per share, subject to TSX Venture Exchange approval. Additionally, the company has engaged Resource Stock Digest (RSD) for a 6-month marketing and promotional services agreement worth US$250,000, starting June 1, 2025. RSD will conduct interviews and produce company-approved content for distribution to its North American subscriber base. The agreement with RSD is arm's length and subject to Exchange approval.

Osisko Development Corp. (NYSE: ODV, TSXV: ODV) has announced its annual compensation grants, including 1,273,900 stock options to senior officers and employees, 1,177,200 restricted share units (RSUs), and 229,573 deferred share units (DSUs) to independent directors. The stock options are exercisable at C$2.57 per share and will expire on May 13, 2030, with vesting occurring in three equal parts from 2026 to 2028. RSUs will cliff vest in 2028, while DSUs will vest according to the Omnibus Plan terms.

The company's Omnibus Plan, approved by shareholders on May 7, 2025, is a fixed 20% plan with a maximum of 27,324,297 common shares reserved for issuance through various equity incentive instruments.

Osisko Development (NYSE: ODV, TSXV: ODV) held its annual and special shareholders' meeting on May 7, 2025, with a 58.9% participation rate representing 80,489,188 common shares. All six nominated directors were successfully elected with strong approval rates above 97%. PricewaterhouseCoopers LLP was reappointed as the company's auditor with 82.27% support. The shareholders also approved a new omnibus equity incentive plan with 86.51% of votes in favor, replacing the existing stock option and restricted share unit plans.

Osisko Development (NYSE: ODV) reported its Q1 2025 financial results, highlighting the release of an optimized feasibility study for its flagship Cariboo Gold Project. The study shows strong economics with an after-tax NPV5% of $943 million and IRR of 22.1% at US$2,400/oz gold. The project is expected to produce an average of 190,000 ounces of gold annually over a 10-year mine life, with higher production of 202,000 ounces in the first five years. Initial capital costs are estimated at $881 million. The company held $77.6 million in cash as of March 31, 2025, with $35.7 million outstanding under a term loan. Project financing discussions are ongoing, with construction potentially starting in H2 2025 and completion targeted for end-2027. The company also made key management appointments and progressed with bulk sampling at Cariboo, while maintaining its Tintic and San Antonio projects.

Osisko Development (NYSE: ODV) has announced positive results from its optimized 2025 Feasibility Study for the permitted Cariboo Gold Project in British Columbia. The study reveals robust economics with a base case after-tax NPV5% of $943 million and IRR of 22.1% at US$2,400/oz gold price.

Key highlights include:

• Average annual production of ~190,000 ounces of gold over 10 years, with 202,000 ounces in first 5 years
• First gold production anticipated in H2 2027
• Total initial capital cost of $881 million
• Average total cash costs of US$947/oz and AISC of US$1,157/oz
• Average base case LOM annual free cash flow of $158 million

The project features improved single-phase build over 24 months, streamlined processing facilities, and enhanced flowsheet design. It will create up to 613 direct jobs during construction and 525 permanent positions during operations.