From GlobeNewswire: 2025-05-06 18:47:00

Osisko Development Corp. reports financial results for Q1 2025, with $77.6 million in cash and $35.7 million in outstanding loans. The 2025 Feasibility Study for the Cariboo Gold Project shows strong economics, with an after-tax NPV of $943 million and an IRR of 22.1%. The Company is actively seeking project financing for development. Pre-construction activities are underway, with a target completion date for the end of 2027. In Utah, Phase II regional drilling is ongoing at the Tintic Project. The San Antonio Gold Project in Mexico is under strategic review. Key milestones and remaining costs are outlined for each project. Subsequent to Q1 2025, the Company’s warrants were listed on the TSX Venture Exchange. Consolidated financial statements are available online. Qualified persons have reviewed the technical information in the news release. Non-IFRS financial measures are used, including AISC and free cash flow. The Company cautions investors on forward-looking statements and risks associated with financing and test mining activities.



Read more at GlobeNewswire: Osisko Development Reports First Quarter 2025 Results