Osisko Development Corp. announces that, in accordance with the terms of the Company's previously-completed acquisition of a 100% ownership interest in the Tintic Project, located in Utah, U.S.A., in May 2022 , the Company intends to satisfy the second of five deferred payments to the sellers of the Tintic Project in common shares of the Company . The Second Deferred Payment of US$2,500,000 is expected to be paid entirely [...]
Osisko Development Corp. announces the following corporate updates: DSU Grant As part of Osisko Development's regular annual remuneration program, the Company has granted an aggregate of 283,250 deferred share units of the Company to its independent directors in accordance with the DSU Plan of the Company. The DSUs will vest in accordance with the Company's DSU Plan, which is available on the Company's website at [...]
Osisko Development Corp. announces the results of its annual meeting of shareholders held on May 7, 2024. A total of 55,749,501 common shares were voted at the Meeting, representing approximately 66.27% of the total issued and outstanding common shares of the Company as of the record date of the Meeting. A summary of the results for the items voted at the Meeting are as follows: 1. Election of Directors Each of the [...]
Osisko Development Corp. reports its financial and operating results for the three months ended March 31, 2024 . Q1 2024 HIGHLIGHTS Operating, Financial and Corporate Updates: 619 ounces of gold sold by the Company from operating activities in the first quarter, comprising of 585 ounces of gold sold from the Trixie test mine , and the balance from the Cariboo Gold Project by processing stockpiles at a third-party [...]
Osisko Development Corp. announces the filing of a technical report for the updated mineral resource estimate on its 100%-owned underground Trixie deposit , within the Company's wider Tintic Project , located in the historic East Tintic Mining District in central Utah, U.S.A. Highlights from the previously-announced 2024 Trixie MRE disclosed in the Company's news release dated March 15, 2024 are presented below, and are [...]
Osisko Development Corp. reports its financial and operating results for the three and twelve months ended December 31, 2023 . Q4 2023 HIGHLIGHTS Operating, Financial and Corporate Updates: 2,090 ounces of gold sold by the Company from operating activities in the fourth quarter , comprising of: 1,622 ounces of gold sold from the Trixie test mine located within the Company's wider Tintic Project ; 468 ounces of gold sold [...]
Measured resources of 119,847 tonnes grading 27.36 grams per tonne gold and 61.73 g/t silver , for a total of 105,437 ounces Au and 237,868 oz Ag. Indicated resources of 124,743 tonnes grading 11.17 g/t Au and 59.89 g/t Ag, for a total of 44,811 oz Au and 240,211 oz Ag. Inferred resources of 201,603 tonnes grading 7.80 g/t Au and 48.55 g/t Ag, for a total of 50,569 oz Au and 314,678 oz Ag. MONTREAL, March 15, 2024 [...]
Osisko Development Corp. is pleased to announce the Company has entered into a credit agreement with National Bank of Canada providing for a US$50 million delayed draw term loan , through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. . The Credit Facility will be exclusively used to fund ongoing detailed engineering and pre-construction activities at the Company's 100%-owned Cariboo Gold Project located in [...]
Osisko Development Corp. is pleased to announce the remaining drilling and underground chip sampling results from new development areas as part of its 2023 exploration program at its 100%-owned Trixie test mine , within the Company's wider Tintic Project , located in the historic East Tintic Mining District in central Utah, U.S.A. DRILL ASSAY HIGHLIGHTS This news release includes assays from fourteen underground diamond [...]
Osisko Development Corp. announces that it has undertaken a review of the carrying value of its assets in accordance with International Financial Reporting Standards as at December 31, 2023, as part of its fourth quarter and year-end 2023 financial results preparation. As a result of the preliminary review, which is ongoing and has not been finalized, the Company believes that a non-cash impairment exists to the carrying [...]
Osisko Development Corp. announces today that François Vézina, Senior Vice President, Project Development, Technical Services and Environment, will be leaving the Company on March 1, 2024, to pursue another opportunity in the mining sector. The Company will evaluate potential external and internal candidates, as it prepares to re-position for and transition toward future growth initiatives. Mr. Éric Tremblay, current [...]
Osisko Development Corp. announces today that Luc Lessard, Chief Operating Officer , will be retiring from the Company at the end of 2023 to pursue other personal and professional commitments, namely as President and Chief Executive Officer of Falco Resources Ltd. The Company has initiated an executive search process to evaluate potential external and internal candidates for the role of COO, and will provide an update [...]
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