Osisko Development FY2025 publishes annual report; net loss widens to CAD 169 million

Reuters03-28

Osisko Development FY2025 publishes annual report; net loss widens to CAD 169 million

Osisko Development reported progress on advancing the Cariboo Gold Project toward a construction decision, following an optimized feasibility study and the filing of an updated NI 43-101 technical report.
Project development funding was supported by a USD 450 million senior secured credit facility with Appian, including an initial USD 100 million draw to repay prior debt and fund pre-construction and working capital needs.
Capital raising activity included a private placement totaling about USD 203 million, alongside an additional equity financing of about CAD 82.5 million.
After year-end, a contractor fatality led to a temporary suspension of site activities at Cariboo, with work later resuming under a phased reopening plan coordinated with regulators.
Subsequent updates included the appointment of Sarah Harrison as Vice President, Permitting and Compliance, and a project and construction management services agreement with JDS Energy & Mining for Cariboo.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Osisko Development Corp. published the original content used to generate this news brief on March 28, 2026, and is solely responsible for the information contained therein.

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