Osisko Development (TSE:ODV) has released an update.
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Osisko Development Corp. reported a decrease in cash and cash equivalents from CAD 43,455,000 as of December 31, 2023, to CAD 33,680,000 by June 30, 2024, with overall liabilities increasing from CAD 57,333,000 to CAD 83,164,000 in the same period. The company’s total assets slightly decreased from CAD 763,880,000 to CAD 753,782,000, indicating a contraction in financial position. These figures reflect a challenging period for the company, with operational losses and increased finance costs impacting the bottom line.
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