Osisko Development Secures $450M Financing for Cariboo Gold Project

Osisko Development ( (TSE:ODV) ) has shared an update.

Osisko Development Corp. announced on July 21, 2025, that it secured a US$450 million financing facility from Appian Capital Advisory to fund the development of its Cariboo Gold Project in British Columbia, Canada. This strategic partnership allows Osisko to accelerate pre-construction activities and de-risk the project, with an initial US$100 million draw to support various early works and repay existing debt. This move enhances Osisko’s financial flexibility and positions the company to advance towards a construction decision, reflecting strong confidence from a leading investment fund in the mining sector.

The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$5.25 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.

Osisko Development’s overall stock score is heavily influenced by its financial struggles, with declining profitability and cash flow issues. However, strong technical momentum and positive corporate developments provide some optimism. The valuation remains a concern due to the negative P/E ratio and lack of dividend yield.

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 in mining-friendly jurisdictions with district-scale potential. The company’s flagship project is the Cariboo Gold Project in British Columbia, Canada, and it also has projects in Utah, USA, and Sonora, Mexico.

YTD Price Performance: 45.65%

Average Trading Volume: 75,404

Technical Sentiment Signal: Hold

Current Market Cap: C$457.8M

Find detailed analytics on ODV stock on TipRanks’ Stock Analysis page.