Osisko Development Corp ( (ODV) ) has released its Q1 earnings. Here is a breakdown of the information Osisko Development Corp presented to its investors.
Osisko Development Corp. is a North American gold development company focused on advancing its flagship Cariboo Gold Project in British Columbia, Canada, along with other projects in Utah, USA, and Sonora, Mexico.
In its first quarter of 2025, Osisko Development Corp. reported significant progress on its Cariboo Gold Project, highlighted by the release of an optimized feasibility study and ongoing project financing discussions. The company also announced key appointments in its management team, enhancing its project development and investor relations capabilities.
Key financial highlights include the company’s cash position of $77.6 million and an outstanding loan of $35.7 million. The Cariboo Gold Project’s feasibility study revealed strong base case economics with an after-tax NPV of $943 million and an IRR of 22.1%, assuming a gold price of US$2,400 per ounce. The project is expected to produce an average of 190,000 ounces of gold annually over a 10-year mine life, with initial capital costs estimated at $881 million.
Looking ahead, Osisko Development is focused on securing a comprehensive project financing package and obtaining necessary permits for the Cariboo Gold Project. The company aims to commence certain construction activities in the second half of 2025, targeting project completion by the end of 2027.