Osisko Development Corp Stock Price, News & Analysis

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.

Osisko Development Corp. (ODV) announced the grant of 765,500 stock options to company officers with an exercise price of $6.49, vesting over three years. Additionally, it awarded 584,300 restricted share units (RSUs) and 96,200 deferred share units (DSUs) to directors. Laurence Farmer was appointed General Counsel and Corporate Secretary, effective July 1, 2022, succeeding André Le Bel. The company continues to advance its Cariboo Gold Project and aims to become a mid-tier gold producer.

Osisko Development Corp. (ODV) announced an initial open pit resource estimate for its San Antonio Project in Mexico. The Indicated Mineral Resource includes 576,000 ounces of gold and 1.37 million ounces of silver, while the Inferred Mineral Resource comprises 544,000 ounces of gold and 1.76 million ounces of silver. The estimate is based on 84,454 meters of drilling across multiple deposits and identifies significant potential for further resource development through ongoing drilling. This marks a substantial milestone in advancing Osisko's objectives for near-term production.

Osisko Development Corp. reported production of 25,043 ounces of gold from the Trixie Mine since operations began in June 2020. The Tintic Project includes over 17,000 acres in Utah, with significant underground exploration completed. As of June 2022, improvements have led to a gold recovery rate increase from less than 25% to 74%. The company aims for further production growth through disciplined exploration and infrastructure development.

Osisko Development Corp. announced the final drilling results from its 2021 exploration campaign at the Cariboo Gold Project in British Columbia. A total of 60,272 meters were drilled across 163 holes, revealing significant gold grades. Highlights include 24.55 g/t Au over 9.65 meters in hole IM-21-201 and 19.81 g/t Au over 9.80 meters in hole IM-21-184. The results confirm the continuity of mineralized vein corridors between the Shaft Zone and Valley Zone. The system remains open for further expansion down plunge, indicating a robust gold mineralization potential.