Osisko Development Corp ( (ODV) ) has released its Q2 earnings. Here is a breakdown of the information Osisko Development Corp presented to its investors.
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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. The company aims to become an intermediate gold producer by developing mining assets in historically productive regions.
In its second quarter of 2025, Osisko Development reported significant financial and operational updates, including a revenue increase to $6.9 million from the sale of gold ounces at its Tintic Project. The company also announced the listing of its common share purchase warrants on the TSX Venture Exchange and the appointment of a new independent director.
Key financial metrics revealed a strong performance, with the Cariboo Gold Project’s feasibility study showing an after-tax NPV of $943 million and an IRR of 22.1% at a gold price of US$2,400/oz. The company is actively pursuing financing options, including a US$450 million project loan facility, to fund the construction of the Cariboo Gold Project. Additionally, Osisko Development completed a successful bulk sample extraction and initiated a 13,000-meter infill drilling program to support resource modeling.
The Tintic Project continues its small-scale operations, with future activities expected to be limited to care and maintenance. Meanwhile, the San Antonio Gold Project in Mexico remains under strategic review, with plans to resubmit mining permit applications.
Looking ahead, Osisko Development remains focused on advancing its Cariboo Gold Project through pre-construction and early works milestones. The company is optimistic about securing the necessary funding to support its growth strategy and achieve its goal of becoming an intermediate gold producer.