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The latest announcement is out from Osisko Development ( (TSE:ODV) ).
On March 2, 2026, Osisko Development announced it had resumed planned site activities at its Cariboo Gold Project in British Columbia, after a temporary suspension following a tragic surface incident on January 22, 2026. The company emphasized health and safety as its top priority while coordinating the phased restart with regulators and bringing staffing back to normal levels of more than 250 personnel.
The project has returned to advancing pre-construction, early works and exploration, with commissioning of the Bonanza Ledge water treatment plant nearing completion and approximately 2.1 km of underground development done despite challenging ground in the Lowhee fault zone. Infill and surface drilling programs are progressing with multiple rigs, key surface infrastructure such as waste rock storage and sediment control facilities is under construction, and the expansion of the site camp to 266 rooms has been completed to match anticipated peak construction needs.
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 North American gold development company focused on advancing past-producing mining camps with district-scale potential. Its flagship asset is the fully permitted, 100%-owned Cariboo Gold Project in central British Columbia, supported by a pipeline that includes the Tintic Project in Utah, as it targets becoming an intermediate gold producer in mining-friendly jurisdictions.
YTD Price Performance: 39.78%
Average Trading Volume: 197,894
Technical Sentiment Signal: Hold
Current Market Cap: C$1.66B
See more data about ODV stock on TipRanks’ Stock Analysis page.