BTV – Business Television features Osisko Gold Group (OGG) and six other mining companies in an episode examining development and production plans.
The episode airs on BNN Bloomberg on October 28 at 7:30 PM ET and October 31 at 8:00 PM ET. Osisko’s segment covers the fully permitted and financed Cariboo Gold Project, where construction is underway and first gold is targeted for early 2029. Approximately $1.3 billion in funding is available.
Other featured companies are Copper Giant Resources, Amex Gold Mining, Heliostar Metals, Contango Silver & Gold, Sierra Madre Gold & Silver, and Arizona Eagle Mining. Their segments cover copper project assessment, gold development and exploration, mine restarts, and precious-metals production ambitions. The episode also airs on the U.S. Biz Television Network beginning November 1.
Osisko Gold (OGG) reported construction progress at its Cariboo Gold Project, with first gold pour still targeted for Q1 2029. The company expects commercial production in H2 2029. Its 100%-owned British Columbia project was approximately 28% complete based on costs incurred through September 30, 2026. Cumulative spending was approximately C$355 million; the estimated remaining construction cost was approximately C$907 million, net of incurred costs, leases and estimated pre-production revenue.
Detailed engineering was approximately 42% complete, over 50% of procurement packages were awarded and commitments reached approximately C$360 million. Osisko Gold reduced its expected year-end underground development rate to approximately 360 metres monthly from 500, reflecting slower Valley portal excavation and construction constraints. The transmission-line occupation licence is expected in Q4 2026.
Osisko Gold Group (OGG) closed an equity investment by Urion Investments Holdings, a Trafigura Canada affiliate, raising approximately US$30 million.
The company issued 9,554,141 common shares at US$3.14 each, a 10% premium to the five-day volume-weighted average price on the TSX Venture Exchange before signing. Osisko Gold intends to use the net proceeds for development of the Cariboo Gold Project. No finder's fees or commissions were payable.
The investment remains subject to final TSX Venture Exchange acceptance. Negotiations for a potential prepayment facility of up to US$120 million remain ongoing. Following completion, the company expects 315,809,214 common shares outstanding, with Urion holding approximately 3.0% on a non-diluted basis.
Osisko Gold Group (OGG) reported Lowhee Zone drilling results at its Cariboo Gold Project, including 7.28 grams of gold per tonne over 16.15 metres.
That interval, at approximately 105 m vertical depth, included 173.66 g/t gold over 0.60 m. Another hole returned 7.13 g/t over 11.60 m at approximately 61 m vertical depth. Results cover 3,933 m in 36 holes from the 1290 m level. The company sees potential for resource conversion from intercepts outside modelled reserve mining areas.
The permitted, wholly owned project is under construction in British Columbia. Through Barkerville Gold Mines, the company awarded continuing underground development work to JDS Energy & Mining, effective October 5, 2026. It also granted 72,700 options and 553,700 restricted share units to newly hired senior officers and non-executive employees.
Osisko Gold Group (OGG) appointed Elijah Tyshynski as Chief Financial Officer effective October 1, 2026, succeeding Alexander Dann in a planned leadership transition.
Tyshynski has assumed the role following the company's August 25, 2026, announcement of its planned leadership succession transition.
Osisko Gold Group (OGG) completed an offering of US$600 million in senior secured notes to support its Cariboo Gold Project. The notes bear 9.250% interest, mature October 1, 2031, and are non-callable for two years. Interest payments begin April 1, 2027, and recur semi-annually.
Net proceeds were approximately US$578.0 million. Approximately US$120.8 million repaid the Appian credit facility, terminating its commitments. Remaining proceeds funded segregated accounts for the first five interest payments and project development. The notes carry subsidiary guarantees and first-priority liens, subject to exceptions.
Osisko Gold expects available capital to fund Cariboo through commercial production in H2 2029. Its estimated capital plan shows a US$156 million surplus; sources include US$30 million in expected gross proceeds from a Trafigura equity investment.
Osisko Gold Group (OGG) has priced an upsized Offering of US$600 million 9.250% senior secured notes due 2031 at 100.0% of par to refinance existing debt and fund the Cariboo Gold Project.
The Offering, increased from US$500 million, is expected to close on September 30, 2026, subject to customary conditions. The Notes will pay interest semi-annually on April 1 and October 1, starting April 1, 2027, and will be guaranteed by certain subsidiaries, including Barkerville Gold Mines, and secured by a first‑priority lien on specified company and guarantor assets. Approximately US$120.9 million of net proceeds will repay the Appian project facility, with additional funds allocated to an interest reserve and a disbursement account for Cariboo project construction.
Osisko Gold Group (OGG) plans to offer US$500 million of senior secured notes due 2031, subject to market and other conditions, to refinance existing debt and fund its Cariboo Gold Project.
The notes are expected to be fully and unconditionally guaranteed by certain subsidiaries, including Barkerville Gold Mines, and secured by a first-priority lien on the company and guarantors’ property, including equity interests, interest reserve and disbursement accounts, and other personal and real property, subject to exceptions. Net proceeds are intended to repay about US$120.9 million under the Appian project loan, fund five interest payments in a reserve account, and finance Cariboo Gold Project construction via a segregated disbursement account. The notes will be sold via Rule 144A and Regulation S and in Canada on a private placement basis.
Osisko Gold Group (ODV/OGG) has approved a formal positive construction decision for its 100%-owned Cariboo Gold Project in British Columbia, with first gold pour targeted in Q1 2029 and commercial production in H2 2029.
The remaining go-forward capital obligation is estimated at C$990 million, including a 16.5% contingency and assuming about C$117 million of leased equipment, supported by total available and proposed estimated capital sources of up to C$1.637 billion, including C$837 million of cash and equivalents. At a gold price of US$4,350/oz, the Project economics show an after-tax NPV5% of C$3.2 billion, an after-tax IRR of 42.7%, and average annual free cash flow of C$642 million in the first five years. Project completion is estimated at 22% as of July 31, 2026. A US$30 million strategic equity investment and multi-year offtake framework with Trafigura, plus a potential prepay facility of up to US$120 million, are intended to support funding.
Osisko Gold Group (NYSE/TSXV: OGG) announced that Alexander Dann plans to retire and will step down as Chief Financial Officer and Vice President, Finance, after a 35-year career. He will remain with Osisko Gold for a transition period to ensure an orderly handover of responsibilities.
As part of a planned succession process, Elijah Tyshynski will be appointed CFO and join the senior leadership team following the transition. According to Osisko Gold, Tyshynski brings extensive financial and capital markets experience, including prior CFO roles at ATEX Resources and O3 Mining, and senior trading and portfolio management positions at Ontario Teachers Pension Plan, Standard Bank of South Africa, Morgan Stanley, and Royal Bank of Canada.
Osisko Gold describes itself as a North American gold development company focused on becoming an intermediate producer through its 100%-owned, fully permitted Cariboo Gold Project in British Columbia, complemented by the Tintic Project in Utah.