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.
Osisko Development Corp. (ODV) generates frequent news as it advances its gold development portfolio in North America, with a strong emphasis on the Cariboo Gold Project in central British Columbia. Company updates often highlight technical milestones at Cariboo, including underground infill drilling results from the Lowhee Zone, broader exploration drilling campaigns, and progress on pre‑construction and underground development activities.
Investors following ODV news can expect detailed assay releases from ongoing drilling programs, such as the 13,000‑meter underground infill campaign on tight drill spacing and the fully funded 70,000‑meter exploration program targeting Cariboo Deep, Proserpine Mountain, Barkerville Mountain, and other regional prospects along the Cariboo Gold trend. These releases typically include gold grades, interval lengths, and interpretations about continuity with modelled vein corridors, mineral reserves, and potential extensions of mineralization.
Beyond project geology, Osisko Development’s news flow includes financing and corporate developments. The company reports on project loan facilities, such as its senior secured credit facility with funds advised by Appian Capital Advisory Limited, as well as equity financings through bought‑deal offerings, private placements, and flow‑through share issuances. News items also cover strategic portfolio actions, including the announced agreement to divest the San Antonio Gold Project to Axo Copper Corp., and investment transactions like acquiring units of Falco Resources Ltd.
Corporate updates may feature management and board changes, such as the appointment of a Vice President, Exploration, and the strengthening of the technical team to support Cariboo and other properties. Regular financial and operating results, furnished through press releases and regulatory filings, provide additional context on cash balances, project spending, and small‑scale production activities at the Tintic Project. For readers tracking ODV, this news page offers a centralized view of operational, technical, financial, and strategic announcements related to the company’s gold development activities.
Osisko Development Corp. provided a corporate update highlighting gold production from its three projects: Tintic, Cariboo, and San Antonio. As of September 30, 2022, the company produced a total of 19,874 ounces of gold. Tintic saw 5,353 ounces produced at an average grade of 0.91 oz/t, while Cariboo produced 7,163 ounces at 6.50 g/t. Notably, the San Antonio Project is expected to incur an asset impairment due to inflationary pressures, although this will not affect cash flows or mining plans. The company remains dedicated to advancing its projects into production and exploration phases.
Osisko Development Corp. (ODV) announced updates on its Tintic, Cariboo Gold, and San Antonio Projects as of September 30, 2022. The company produced a total of 19,874 ounces of gold across its projects. Highlights include 5,353 ounces from Tintic, where construction of a decline ramp is 25% complete, and 7,163 ounces from the Cariboo Project, which is advancing through environmental assessments. However, the San Antonio Project is facing a potential asset impairment due to industry cost pressures. The Cariboo Gold Project is positioned for future growth with significant mineral resources identified.
Osisko Development Corp. announced the departure of Vice President of Investor Relations, Jean-François Lemonde. CEO Sean Roosen expressed gratitude for Lemonde's contributions and wished him success in future endeavors. Laurence Farmer will temporarily take over the investor relations function. Osisko Development is focused on advancing the Cariboo Gold Project and other properties in Canada, the U.S., and Mexico, aiming to become a mid-tier gold producer. The Cariboo Gold Project stands out due to its significant exploration potential.
Osisko Development announced the closure of a metals stream agreement with Osisko Bermuda Limited for its subsidiary Tintic Consolidated Metals. The deal includes a $20 million upfront payment to aid in Tintic's development. Under the agreement, OBL will receive 2.5% of refined metal production until 27,150 ounces of gold are delivered, reducing to 2.0% thereafter. This strategic move is part of Osisko's goal to advance its projects in North America, particularly the Cariboo Gold Project, positioning the company as a mid-tier gold producer.
Osisko Development released its financial results for Q2 2022, showing significant advancements. The acquisition of Tintic Consolidated Metals on May 27, 2022, has strengthened its position in Utah's mining district. Operations at the Trixie test mine are expanding, aiming for increased productivity. A Preliminary Economic Assessment (PEA) for the Cariboo Gold Project indicates potential annual gold production of 236,000 ounces over 12 years. The company also reported initial mineral resources at the San Antonio Project and closed financings totaling approximately $255.5 million.
Osisko Development Corp. (ODV) addressed unauthorized third-party comments regarding its Tintic project, emphasizing that only authorized company disclosures should be trusted. The company highlights the Tintic Project as a promising exploration opportunity but warns that production at the Trixie test mine may face risks without feasibility studies or established mineral resources. This lack of assurance could negatively impact revenue and operational cash flow. Readers are directed to previous news releases for details on the project.
Osisko Development Corp announced the filing of an independent NI 43-101 Technical Report for the San Antonio Project on SEDAR. The report, prepared by Micon International Inc., supports the results of the recently published Mineral Resource Estimate. Qualified persons for the report include geologists from both Servicios Geológicos IMEx and Micon International. The company aims to advance its Cariboo Gold Project and other properties in North America, positioning itself as a leading mid-tier gold producer.
Osisko Development Corp. has announced compelling results from its underground exploration at the Tintic Project and Trixie Mine in Utah, revealing high-grade gold and silver mineralization. Notably, a sample from site 913 showed an impressive 79.45 oz/t Au and 6.27 oz/t Ag over 5.5 ft. Significant potential exists to expand mineralization, with ongoing drilling efforts aimed at establishing an initial resource estimate by Q4 2022. The project spans over 17,000 acres and includes a strong base for mining activity alongside cautious operational adjustments.
Osisko Development Corp. (ODV) announced a significant agreement with Williams Lake First Nation and its subsidiary Barkerville Gold Mines Ltd. to advance the Cariboo Gold Project. This agreement fosters a collaborative relationship aimed at sustainable development within WLFN’s traditional territory. It emphasizes economic reconciliation and environmental stewardship while granting WLFN meaningful participation opportunities. Although specific terms remain confidential, the agreement aims to ensure the project operates with WLFN's consent and support, which is pivotal for community engagement and long-term success.
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