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. develops North American gold assets, led by the fully permitted, 100%-owned Cariboo Gold Project in central British Columbia. The company also reports on the Tintic Project in Utah, a brownfield property in the historic East Tintic mining district with exploration potential, historical mining data and established infrastructure.
Company news commonly covers Cariboo pre-construction, early works, underground development, water-treatment and site-activity updates, as well as Lowhee Zone infill drilling and exploration results. Other recurring developments include financial results, gold sales from small-scale Tintic activities, project financing, warrant exercises, equity incentive grants, index inclusion and management appointments tied to construction, permitting, exploration, compliance and commercial execution.
Osisko Development (NYSE: ODV) reported its Q2 2025 financial results, highlighting significant developments across its portfolio. The company held $46.3 million in cash and generated $6.9 million in revenues from selling 1,393 gold ounces at its Tintic Project.
The company released an optimized feasibility study for its flagship Cariboo Gold Project, showing 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 annually over a 10-year mine life.
Subsequent to Q2, ODV secured significant financing, including a US$450 million credit facility with Appian Capital and announced a US$195 million private placement to fund the Cariboo Gold Project's development.
Osisko Development (NYSE: ODV) has secured a significant US$450 million project loan facility from Appian Capital Advisory for the development of its Cariboo Gold Project in British Columbia, Canada. The financing includes an initial draw of US$100 million to accelerate pre-construction activities and de-risk the project.
The credit facility is structured in two tranches: the initial US$100 million draw and US$350 million in subsequent draws available over 36 months. The facility matures in July 2033 and includes interest rates of SOFR plus 9.50% for the initial draw, reducing to SOFR plus 7.50% for subsequent draws. As part of the agreement, Osisko will grant Appian 5,625,031 warrants at CAD$4.43 per share, exercisable until July 2028.
[ "Secured substantial US$450 million financing facility for Cariboo Gold Project development", "Initial US$100 million draw enables immediate acceleration of pre-construction activities", "Strategic partnership with leading mining investment fund Appian Capital Advisory", "Flexibility to repay existing US$25 million term loan with National Bank", "Option to pay up to 100% of interest in kind for first 12 months" ]Osisko Development (NYSE: ODV) announced positive bulk tonnage ore sorting test results for its Cariboo Gold Project in British Columbia. The testing program, conducted on an 80-tonne sample, demonstrated significant improvements in gold recovery and waste rejection using X-ray transmission (XRT) technology.
Key achievements include 42-55% waste rejection with 84-89% gold recovery for mid-size and oversize material, and notably, a 92% gold recovery with 59% waste rejection for the previously untested 6-10mm size fraction. The upgrade ratio of 2.0-2.1 exceeded the 2025 Feasibility Study assumption of 1.95. The test represented a substantially larger dataset compared to previous ~5-tonne tests.
An important finding showed that 76% of the contained gold reported to the fines fraction, higher than the previous 45% assumption, suggesting potential for improved overall recoveries.
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 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.