Osisko Development Reports Contractor Fatality at the Cariboo Gold Project
Rhea-AI Summary
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.
Positive
- Notified appropriate authorities promptly
- Investigation formally initiated following the incident
Negative
- Contractor fatality on Jan 22, 2026
- Project activities temporarily suspended to allow investigation
- Potential operational disruption at the Cariboo Gold Project
Market Reality Check
Peers on Argus
ODV gained 7.22% with strong Basic Materials/Gold peers also up: IAUX +5.23%, CMCL +2.92%, GAU +6.6%, GROY +0.82%, DC +10.76%, suggesting a broader gold-sector tailwind alongside this company-specific safety update.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 15 | Drilling update | Positive | -6.4% | Reported Cariboo infill drilling with high-grade intercepts and program progress. |
| Dec 08 | Exploration campaign | Positive | -1.4% | Launched fully-funded 70,000 m exploration drill program at Cariboo Gold Project. |
| Nov 24 | Asset divestiture | Positive | +4.8% | Agreed to sell non-core San Antonio project for Axo shares and contingent payments. |
| Nov 10 | Q3 2025 earnings | Positive | +7.0% | Reported Q3 2025 results with strong cash, financings and Cariboo development progress. |
| Nov 03 | Management change | Positive | +3.2% | Appointed experienced Vice President, Exploration to bolster Cariboo-focused team. |
Recent news has often seen mixed reactions: operational and exploration positives sometimes sold off, while corporate and financing milestones more frequently aligned with positive price moves.
Over the last few months, Osisko Development has focused heavily on advancing and funding the Cariboo Gold Project. Updates included infill drilling results and a fully funded 70,000‑meter exploration campaign, along with progress on financing and liquidity highlighted in Q3 2025 results. Corporate moves such as divesting the non-core San Antonio project and strengthening the technical team reinforced a Cariboo-centric strategy. Today’s fatality-related suspension contrasts with this prior growth and development narrative at Cariboo.
Regulatory & Risk Context
An effective Form F-3 shelf dated Dec 10, 2025 registers up to 104,751,318 common shares for resale from an August 2025 private placement. The company receives no proceeds from resales but could obtain up to US$126.8 million if all related warrants are exercised, with stated use toward the Cariboo Gold Project. A 424B3 filing on Dec 17, 2025 reflects active usage of this shelf.
Market Pulse Summary
This announcement reports a contractor fatality and a temporary suspension of activities at the Cariboo Gold Project, which has been described in recent filings as the company’s only material property. Prior updates focused on drilling progress, exploration scale, financings and technical team strength at Cariboo. Investors may monitor the outcome of the investigation, any changes to project timelines, and how existing financing tools, including the effective F-3 linked to up to US$126.8 million in potential warrant proceeds, intersect with safety and operational priorities.
AI-generated analysis. Not financial advice.
MONTREAL, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") regrets to report that on January 22, 2026, a contractor working at surface suffered a fatal injury following an isolated incident at the Cariboo Gold Project (the "Project"), located in central British Columbia ("B.C."), Canada.
The Company promptly notified appropriate authorities, and an investigation of the incident is underway.
Sean Roosen, Chairman and CEO, stated: "We are deeply saddened by this tragic accident and extend our heartfelt condolences and support to our colleague's family, friends and coworkers during this difficult time. The health, safety and wellbeing of all employees and contractors working at the Project is our highest priority."
Activities at the Project have been temporarily suspended to allow for an investigation.
The Company will provide further information in due course, as appropriate.
ABOUT OSISKO DEVELOPMENT CORP.
Osisko Development Corp. is a continental North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its flagship permitted
For further information, visit our website at www.osiskodev.com or contact:
| Sean Roosen | Philip Rabenok |
| Chairman and CEO | Vice President, Investor Relations |
| Email:sroosen@osiskodev.com | Email:prabenok@osiskodev.com |
| Tel: +1 (514) 940-0685 | Tel: +1 (437) 423-3644 |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FAQ
What happened at the Cariboo Gold Project on January 22, 2026 involving ODV?
Has Osisko Development (ODV) suspended operations at the Cariboo Gold Project?
How is Osisko Development (ODV) responding to the fatality at Cariboo?
Will the incident at Cariboo affect ODV production timelines?
When will Osisko Development (ODV) provide more details about the Cariboo incident?
