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An update from Osisko Development ( (TSE:ODV) ) is now available.
Osisko Development reported its first-quarter 2026 results on May 11, 2026, highlighting a strong liquidity position with approximately $594.3 million in cash and cash equivalents and $153.2 million outstanding under its US$450 million project loan for the Cariboo Gold Project. The company generated $2.2 million of revenue from selling 270 ounces of gold produced from small-scale activities at the Tintic Project, while also raising about US$143.8 million through a February equity offering and $36.5 million via warrant exercises.
Operationally, the quarter was marked by the January 22, 2026 fatality at the Cariboo Gold Project, after which site activities were temporarily suspended and then gradually resumed under a phased reopening plan approved by regulators. Osisko advanced pre-construction and exploration at Cariboo, completing a 13,684-metre infill drill program at the Lowhee Zone, progressing underground development and surface infrastructure, and running a multi-rig drilling campaign expected to reach roughly 160,000 metres in 2026, while also selling its San Antonio Gold Project and securing inclusion in the VanEck Junior Gold Miners ETF.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
Spark’s Take on ODV Stock
According to Spark, TipRanks’ AI Analyst, ODV is a Neutral.
The score is primarily constrained by weak financial performance—persistent large losses and significant cash burn—despite a comparatively stronger, low-leverage balance sheet. Technicals add downside pressure as the stock trades below all key moving averages with bearish MACD. Valuation offers limited support due to negative earnings and no dividend yield data.
To see Spark’s full report on ODV stock, click here.
More about Osisko Development
Osisko Development Corp. is a North American gold-focused mining and development company with projects in Canada and the U.S., including the flagship Cariboo Gold Project in British Columbia and the Tintic Project in Utah. The company concentrates on advancing underground gold deposits through exploration, pre-construction and phased development, targeting the junior and mid-tier gold mining market.
Average Trading Volume: 189,498
Technical Sentiment Signal: Sell
Current Market Cap: C$1.36B
Learn more about ODV stock on TipRanks’ Stock Analysis page.