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An update from Osisko Development ( (TSE:ODV) ) is now available.
Osisko Development Corp. announced that it has completed 100% of the underground development necessary to access the bulk sample area at its Cariboo Gold Project in British Columbia. The company is preparing to extract 10,000 metric tonnes of mineralized material, with results expected in Q1 2025. This progress is crucial for the feasibility study due in Q2 2025, as it will validate assumptions on ore sorting and help derisk the project technically, enhancing the company’s efforts to secure financing and advance the project.
More about Osisko Development
Osisko Development Corp. is a North American gold development company focused on reviving past-producing mining camps in mining-friendly jurisdictions. The company aims to become an intermediate gold producer by advancing projects such as the Cariboo Gold Project in British Columbia, the Tintic Project in Utah, and the San Antonio Gold Project in Mexico, while minimizing development risks and expanding mineral resources.
YTD Price Performance: -36.08%
Average Trading Volume: 306,187
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $253.3M
See more insights into ODV stock on TipRanks’ Stock Analysis page.
