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Osisko Development ( (TSE:ODV) ) has shared an update.
On February 11, 2026, Osisko Development reported new underground infill drilling results from its ongoing 13,000-meter Lowhee Zone program at the Cariboo Gold Project, which began in August 2025. The latest assays include exceptionally high-grade intercepts, notably 596.40 g/t gold over 2.0 meters from 6.1 meters downhole, including 2,293.56 g/t gold over 0.5 meters, and several additional multi-meter intervals grading above 20 g/t gold.
The company has now completed about 11,025 meters of drilling with full results, representing roughly 80% of the planned program, and approximately 12.1 kilometers, or 88%, of total planned meters when including holes still awaiting assays and QA/QC review. Management says the tighter 10-meter drill spacing is improving understanding of vein geometries and local variability, revealing mineralization both within and beyond modelled reserve stopes that could support resource upside and refined stope designs once remodelling is completed.
Osisko Development noted that infill drilling was suspended following an incident disclosed on January 23, 2026, with the program now expected to conclude in early the second quarter of 2026. The higher-precision underground drilling data are also expected to correct spatial offsets relative to earlier surface-based drilling, providing a more reliable operational template for future infill work and production sequencing at Cariboo.
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 TSE:ODV Stock
According to Spark, TipRanks’ AI Analyst, TSE:ODV is a Neutral.
The score is primarily held back by weak financial performance—large losses, negative gross profit, and sustained negative operating/free cash flow—despite a comparatively resilient balance sheet with low leverage. Technical indicators are mixed but slightly supportive (neutral RSI, mildly positive MACD, oversold stochastic), while valuation is difficult to assess because profitability is negative and no dividend yield is available.
To see Spark’s full report on TSE:ODV stock, click here.
More about Osisko Development
Osisko Development Corp. is a Canadian gold mining and development company listed on the NYSE and TSX Venture Exchange. The company is focused on advancing its 100%-owned, fully permitted Cariboo Gold Project in central British Columbia, where it is conducting extensive underground drilling to refine mineral resources and support future production planning.
Average Trading Volume: 157,864
Technical Sentiment Signal: Hold
Current Market Cap: C$1.36B
See more insights into ODV stock on TipRanks’ Stock Analysis page.