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Osisko Development Corp.
As of May 30, 2026 at 24:05 UTC
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About Osisko Development Corp.
Osisko Development Corp is a mineral exploration and development company engaged in the acquisition, exploration, and development of precious metals resource properties in North America. The company is focused on exploring and developing its mining assets, including the Cariboo Gold Project in British Columbia, the San Antonio gold project in Mexico, and the Trixie test mine in the USA. The Company projects include Cariboo Gold Project, Tintic Project, and Exploration.
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Latest News
5 articlesOsisko Development Corp. closed a US$225.0 million offering of 4.125% convertible senior notes due 2031, with net proceeds of approximately US$215.9 million expected to fund the development of the Cariboo Gold Project and general corporate purposes. The notes have an initial conversion price of US$3.68 per share (25% premium over the May 20 stock price of US$2.94), and the company also received an additional US$50.0 million in notes from affiliate Double Zero Capital, LP.
Osisko Development Corp. announced the appointment of Sarah MacDonald as Vice President of Construction Contracting and Commercial, effective immediately. MacDonald brings over 18 years of experience in legal and commercial affairs, previously serving as General Counsel at Dumas Contracting Ltd. Her appointment is intended to strengthen the company's execution capabilities as it advances the Cariboo Gold Project in British Columbia.
Institutional capital is increasingly flowing toward funded gold mining developers as global mine output approaches a plateau. Lake Victoria Gold, G Mining Ventures, i-80 Gold, Osisko Development, and Troilus Mining are leading the pack with secured funding and advancing construction projects. Lake Victoria Gold secured a $25 million gold loan facility and $3 million convertible debenture, while G Mining Ventures' Tocantinzinho mine generated $255 million in free cash flow in 2025.
Osisko Development Corp. announced the grant of 1,104,400 stock options and 1,426,600 restricted share units to senior officers and non-executive employees as part of its annual compensation review. The options are exercisable at C$4.51 per share and expire in 2031, vesting over three years, while RSUs will cliff vest in 2029 subject to time and performance conditions.
Osisko Development Corp. announced the appointment of Sarah Harrison as Vice President, Permitting and Compliance, effective February 2, 2026. Harrison brings over 13 years of experience in environmental assessment, permitting, and regulatory compliance in the mining sector, with expertise spanning the full mine development lifecycle in western Canada.