ODV

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) HIGHLIGHTS Q1 2026 (at March 31, 2026) Financial: ~$594.3 million in cash and cash equivalents; sold 270 ounces of gold from small-scale mining activities at the Tintic Project; received ~$36.5 million in proceeds from warrant exercises Financing: Completed a prospectus offering of common shares for ~US$143.8 million in gross proceeds Cariboo Gold Project: Resumed planned site activities under a phased reopening plan following a temporary suspension due to a fatal incident that occurred on January 22, 2026; entered into a project and construction management services agreement with JDS Energy & Mining; released new infill drill results from the Lowhee Zone (100% of planned drilling now complete, while final assays and reconciliation results remain pending); 11 drill rigs operating at site across various infill and exploration programs Corporate: Completed the sale of the San Antonio Gold Project; appointed Sarah Harrison as VP, Permitting & Compliance; announced the Company's inclusion in the VanEck Junior Gold Miners ETF (GDXJ) Subsequent to Q1 2026 Corporate: Granted incentive awards; appointed Sarah MacDonald as VP, Construction Contracting and Commercial MONTREAL, May 11, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended March 31, 2026 ("Q1 2026"). Q1 2026 HIGHLIGHTS Operating, Financial and Corporate Updates: As of March 31, 2026, the Company had approximately $594.3 million in cash and cash equivalents. Approximately $153.2 million (US$109.9 million), inclusive of accrued interest, is outstanding under the initial draw of the US$450 million senior secured project loan credit facility (the "2025 Financing Facility") with funds advised by Appian Capital Advisory Limited ("Appian") for the development and construction of the Cariboo Gold Project. $2.2 million in revenues (nil in Q1 2025) and $0.7 million in cost of sales (nil in Q1 2025) generated from the sale of 270 gold ounces from small-scale activities including heap leaching of certain tailings and stockpile material and direct shipping of mineralized material at the Tintic Project, generating an operating loss of $9.7 million ($40.8 million loss in Q1 2025). On January 22, 2026, a contract...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Osisko Development (TSXV:ODV) has drawn fresh attention after releasing full year 2025 results, with sales of CA$35.48 million and a net loss of CA$169.01 million, including a basic loss per share of CA$0.95. See our latest analysis for Osisko Development. The latest full year results arrive after a sharp 30 day share price return of negative 28.79% and a year long total shareholder return of 117.29%. This suggests momentum has cooled recently after a strong earlier run. If earnings news has you reassessing your exposure to precious metals, it could be a good moment to scan other producers using our screen of 28 elite gold producer stocks With the share price pulling back over the past month, yet still showing a very large 1-year total return and trading below some valuation estimates, you have to ask: is this a fresh entry point, or is the market already baking in brighter days? On Simply Wall St's numbers, Osisko Development trades on a P/S of 39.9x, which looks rich given the CA$4.65 share price and the company’s current level of revenue and losses. The P/S ratio compares the market value of the company to its sales and is often used for businesses that are not yet profitable. For a developer of precious metals projects that is still loss making, a high P/S typically reflects investors focusing more on future production and cash flow potential than on present earnings. Here, the 39.9x P/S is described as expensive relative to both the Canadian Metals and Mining industry average of 7.1x and the peer average of 12.4x. It also sits well above an estimated fair P/S of 18.7x that the market could move closer to if expectations cool. That creates a wide gap between today’s pricing of the shares and what those comparative models imply for a more moderate scenario. Explore the SWS fair ratio for Osisko Development Result: Price-to-Sales of 39.9x (OVERVALUED). However, you still have to weigh execution risks at the Cariboo Gold Project and the recent CA$159.47 million net loss, which could pressure sentiment if conditions tighten. Find out about the key risks to this Osisko Development narrative. While the 39.9x P/S suggests the shares look expensive, Simply Wall St's DCF model paints a contrasting picture. At a CA$4.65 shar...

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) HIGHLIGHTS Q4 2025 (at December 31, 2025) Financial: ~$422.3 million in cash and cash equivalents; sold 3,970 ounces of gold from small-scale mining activities at the Tintic Project Financing: Completed a private placement financing for ~$82.5 million in gross proceeds Cariboo Gold Project: Released new infill drill results from the ongoing program in the Lowhee Zone and commenced a multi-faceted surface exploration program targeting new discoveries; pre-construction activities continued to advance, including the water treatment plant, underground development waste rock storage facility, sediment control pond, site camp upgrade and other critical infrastructure Corporate: Announced sale of the San Antonio Gold Project; Appointed Scott Smith as VP, Exploration Subsequent to Q4 2025 Financial: Received ~$24.9 million in proceeds from a warrants exercise Financing: Completed prospectus offering of common shares for ~US$143.8 million in gross proceeds Cariboo Gold Project: Resumed planned site activities in accordance with a phased reopening plan following a temporary suspension due to a fatal incident that occurred on January 22, 2026; entered into a project and construction management services agreement with JDS Energy & Mining; released new infill drill results from the ongoing Lowhee Zone (aggregate total 11,025 metres, or ~80% of planned program) Corporate: Completed sale of the San Antonio Gold Project; appointed Sarah Harrison as VP, Permitting & Compliance; announced the Company's inclusion in the VanEck Junior Gold Miners ETF (GDXJ) MONTREAL, March 27, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2025 ("Q4 2025" and "2025", respectively). Q4 2025 HIGHLIGHTS Operating, Financial and Corporate Updates: As of December 31, 2025, the Company had approximately $422.3 million in cash and cash equivalents. Approximately $145.8 million (US$106.4 million), inclusive of accrued interest, is outstanding under the initial draw of the US$450 million senior secured project loan credit facility (the "2025 Financing Facility") with funds advised by Appian Capital Advisory Limited ("Appian") for the development and construction of t...

Osisko Development (ODV.V) reported overnight Wednesday new infill drilling results from its ongoing

Osisko Development (ODV.V, ODV) edged up in premarket New York trading after the company released hi

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) HIGHLIGHTS Q3 2025 (at September 30, 2025) ~$401.4 million in cash and cash equivalents Drawn ~$137.2 million (US$100.0 million) under the US$450 million Appian financing facility executed during the quarter Completed private placements for ~$280.4 million (US$203.1 million) in gross proceeds Advanced pre-construction activities and underground mine development activities, and announced results of ore sorting and drilling programs at the permitted Cariboo Gold Project Sold 877 ounces of gold from the Tintic small-scale heap leach project Subsequent to Q3 2025 Completed an additional private placement for ~$82.5 million in gross proceeds Released infill drill results from the ongoing program at Cariboo; appointed Scott Smith as VP, Exploration MONTREAL, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended September 30, 2025 ("Q3 2025"). Q3 2025 HIGHLIGHTS Operating, Financial and Corporate Updates: As of September 30, 2025, the Company had approximately $401.4 million in cash and cash equivalents. Approximately $137.2 million (US$100.0 million) was outstanding as of the end of Q3 2025 under the Appian 2025 Financing Facility (as defined herein) following the initial draw. $4.4 million in revenues ($0.2 million in Q3 2024) and $3.0 million in cost of sales ($0.1 million in Q3 2024) generated from the sale of 877 gold ounces from the small-scale heap leach project at the Tintic Project by re-treating certain tailings and stockpile material. On July 7, 2025, the Company announced results from an ore sorting testing program conducted on a bulk tonnage sample of mineralized material extracted from the Cariboo Gold Project. On July 21, 2025, the Company entered into a credit agreement (the "Credit Agreement") with funds advised by Appian Capital Advisory Limited ("Appian") with respect to a senior secured project loan credit facility (the "2025 Financing Facility") totaling US$450 million for the development and construction of the Cariboo Gold Project. The 2025 Financing Facility provides strategic capital and enhanced financial flexibility as the Company advances the Cariboo Gold Project through the next phase of pre-construction and early works m...

Osisko Development Corp. (NYSE:ODV) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks). A closeup view of a large gold mine, illustrating the company's gold properties. On August 12, 2025, Osisko Development Corp. (NYSE:ODV) reported its Q2 2025 results. The company recorded a revenue increase from $2.6 million a year earlier to $6.9 million, thanks to the sale of 1,393 gold ounces of small-scale heap leach operations at the Tintic Project. As a result, the company ended the quarter with $46.3 million in cash. Furthermore, its balance sheet was strengthened with a $450 million credit facility from Appian Capital to fund Cariboo’s pre-construction and a 13,000-metre infill drilling program. The company also raised $195 million in equity on July 31. As per the 2025 feasibility study, 190,000 ounces of gold production per annum over 10 years, at an AISC of $1,157 per ounce, is projected. Ahead of its Q2 earnings release, on July 25, 2025, BMO Capital maintained its ‘Buy’ rating on Osisko Development Corp. (NYSE:ODV) with a $4.36 price target. Osisko Development Corp. (NYSE:ODV), a North American gold developer, focuses on advancing past-producing mining camps. It is included in our list of the Best Penny Stocks. While we acknowledge the potential of ODV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Oil Refinery Stocks to Buy Right Now and 7 Best Potash Stocks to Buy According to Analysts. Disclosure: None.

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) MONTREAL, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended June 30, 2025 ("Q2 2025"). Q2 2025 HIGHLIGHTS Operating, Financial and Corporate Updates: As of June 30, 2025, the Company had approximately $46.3 million in cash and cash equivalents. Approximately $34.2 million (US$25.0 million) was outstanding as of the end of Q2 2025 under the delayed draw term loan with National Bank of Canada, which was fully repaid subsequent to quarter end in connection with the Appian 2025 Financing Facility (as defined herein) (refer to "Subsequent to Q2 2025"). $6.9 million in revenues ($2.6 million in Q2 2024) and $4.1 million in cost of sales ($2.7 million in Q2 2024) generated from the sale of 1,393 gold ounces from the small-scale heap leach project re-treating certain tailings and stockpile material at the Tintic Project. Effective at the opening of markets on April 17, 2025, the Company's common share purchase warrants issued pursuant to private placements completed between October and November 2024 were listed for trading on the TSX Venture Exchange under the symbol "ODV.WT.V.". On May 13, 2025, the Company announced, as part of its regular annual remuneration program, the granting of an aggregate of 1,273,900 stock options and 1,177,200 restricted share units of the Company to certain senior officers and non-executive employees of the Company, and 229,573 deferred share units of the Company to its independent directors in accordance with the terms of the Company’s omnibus equity incentive plan. On May 29, 2025, the Company announced that, in connection with the terms of the Company’s previously completed acquisition in May 2022 of a 100% ownership interest in the Tintic Project, it had satisfied the third of five deferred payments to the sellers. The deferred consideration of US$2,500,000 was settled by the issuance of 1,368,610 common shares. On June 16, 2025, Ms. Susan Craig was appointed as independent director to the Company's board of directors. Cariboo Gold Project – British Columbia, Canada (100%-owned) 2025 Feasibility Study. On April 28, 2025, the Company released the results of its optimized feasibility study for the Cariboo Gold Proje...

In a release issued under the same headline on July 7, 2025, by Osisko Development Corp. (NYSE: ODV, TSXV: ODV), please note that the highlights section and eleventh paragraph have been updated to reflect the correct reference to gold recovery for the 6–10 mm fraction of "92%" instead of "95%". The corrected release follows: HIGHLIGHTS X-ray transmission (XRT) ore sorter testwork of a ~80 tonne sample taken from the Cariboo underground achieved positive results consistent with 2025 FS parameters 42-55% waste rejection with 84-89% gold recovery achieved by sorting mid-size and oversize sample material including 10–30 mm and 30–70 mm size fractions, respectively Encouraging results from testing the previously unassessed 6–10 mm size fraction, made possible by recent advancements in AI, demonstrated 59% waste rejection and 92% gold recovery, highlighting a potential opportunity for future optimization 2.0-2.1 upgrade ratio consistent with 2025 FS assumption of 1.95 New testwork represents a significantly larger data set, with previous sorting totalling ~5 tonnes and completed largely on material sourced from drill core 76% of the contained gold in the test sample estimated to report to the fines fraction (<10 mm) Flowsheet optimization work, including a variability study to refine assumptions across the deposit, is contemplated to be completed as part of detailed engineering MONTREAL, July 07, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce positive results from an ore sorting testing program conducted on a bulk tonnage sample of mineralized material extracted from its permitted, 100%-owned Cariboo Gold Project ("Cariboo" or the "Project"), located in central British Columbia ("B.C."), Canada. The testwork results demonstrate gold recoveries, mass pull, and upgrade ratios consistent with the assumptions outlined in the 2025 FS (as defined herein), and were conducted on a significantly larger scale than previous programs. Importantly, positive results on a previously untested smaller 6–10 mm size fraction may represent a meaningful opportunity for flowsheet optimization. Key summary results are presented in Table 1: 1. Mass pull is defined as the percentage of total feed material retained for further processing, with waste rejection being the equivalent inverse measure. 2. Up...

HIGHLIGHTS X-ray transmission (XRT) ore sorter testwork of a ~80 tonne sample taken from the Cariboo underground achieved positive results consistent with 2025 FS parameters 42-55% waste rejection with 84-89% gold recovery achieved by sorting mid-size and oversize sample material including 10–30 mm and 30–70 mm size fractions, respectively Encouraging results from testing the previously unassessed 6–10 mm size fraction, made possible by recent advancements in AI, demonstrated 59% waste rejection and 95% gold recovery, highlighting a potential opportunity for future optimization 2.0-2.1 upgrade ratio consistent with 2025 FS assumption of 1.95 New testwork represents a significantly larger data set, with previous sorting totalling ~5 tonnes and completed largely on material sourced from drill core 76% of the contained gold in the test sample estimated to report to the fines fraction (<10 mm) Flowsheet optimization work, including a variability study to refine assumptions across the deposit, is contemplated to be completed as part of detailed engineering MONTREAL, July 07, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce positive results from an ore sorting testing program conducted on a bulk tonnage sample of mineralized material extracted from its permitted, 100%-owned Cariboo Gold Project ("Cariboo" or the "Project"), located in central British Columbia ("B.C."), Canada. The testwork results demonstrate gold recoveries, mass pull, and upgrade ratios consistent with the assumptions outlined in the 2025 FS (as defined herein), and were conducted on a significantly larger scale than previous programs. Importantly, positive results on a previously untested smaller 6–10 mm size fraction may represent a meaningful opportunity for flowsheet optimization. Key summary results are presented in Table 1: The program, carried out by the Saskatchewan Research Council ("SRC") with support from TOMRA Sorting ("TOMRA") at SRC's testing facility in Saskatoon, Saskatchewan, Canada, utilized an x-ray transmission sensor ("XRT") to evaluate ~80 tonnes of split material (representative of a ~400 tonne bulk sample) using a production-scale TOMRA COM 1200 Tertiary XRT machine. The ore sorter pre-concentrate circuit in the 2025 FS is designed to utilize an XRT sensor to separate unmineralized sand...

MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the results of its annual and special meeting of shareholders of the Company (the "Meeting") held on May 7, 2025. A total of 80,489,188 common shares were voted at the Meeting, representing approximately 58.9% 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 directors listed as nominees in Osisko Development's Management Information Circular (the "MIC") dated March 26, 2025, was elected to the board of directors of the Company to serve for the ensuing year or until their successors are duly elected or appointed, with the following results: 2. Appointment of Auditor PricewaterhouseCoopers LLP was re-appointed as the Company's independent auditor and the directors were authorized to fix the auditor's remuneration for the ensuing year, with the following results: 3. Approval of the Omnibus Plan The ordinary resolution to approve the adoption of the Company's omnibus equity incentive plan ("Omnibus Plan") as outlined in the MIC dated March 26, 2025, was passed, with the following results: The ordinary resolutions for the adoption of the Company's existing stock option and restricted share unit plans (together, the "Existing Plans"), as described in the MIC, were not voted on at the Meeting as the resolution for the Omnibus Plan was approved, which supersedes the Existing Plans. ABOUT OSISKO DEVELOPMENT CORP. Osisko Development Corp. is a North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its flagship permitted 100%-owned Cariboo Gold Project, located in central B.C., Canada. Its project pipeline is complemented by the Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico—brownfield properties with significant exploration potential, extensive historical mining data, access to existing infrastructure and skilled labour. The Company's strategy is to develop attractive, long-life, socially and environmentally respon...

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended March 31, 2025 ("Q1 2025"). Q1 2025 HIGHLIGHTS Operating, Financial and Corporate Updates: As of March 31, 2025, the Company had approximately $77.6 million in cash and cash equivalents. Approximately $35.7 million (US$25.0 million) was outstanding as of the end of Q1 2025 under the delayed draw term loan with National Bank of Canada, which matures on October 31, 2025. On January 9, 2025, the Company announced the appointment of Mr. David Rouleau as Vice President, Project Development of the Company, and the resignation of Mr. Éric Tremblay as Chief Operating Officer of the Company. On February 3, 2025, the Company released drilling results from its 2024 initial exploration and historic data validation infill drill campaign at its Quesnel River Mine Prospect located within the Company's wider Cariboo Gold Project. On March 26, 2025, the Company appointed Philip Rabenok as Vice President, Investor Relations. Mr. Rabenok joined Osisko Development in November 2022 as Director, Investor Relations. Cariboo Gold Project – British Columbia, Canada (100%-owned) 2025 Feasibility Study. On April 28, 2025, the Company released the results of its optimized feasibility study for the Cariboo Gold Project ("2025 FS"). The 2025 FS was prepared in accordance with NI 43-101 (as defined herein) by BBA Engineering Ltd. ("BBA") as lead independent consultant, and supported by other independent engineering firms. The technical report in respect of the 2025 FS will be filed within 45 days of April 28, 2025. The 2025 FS outlines strong base case economics with after-tax NPV5% of $943 million, and unlevered after-tax IRR of 22.1% at a US$2,400/oz gold price assumption. It outlines average annual gold production of 190,000 ounces of gold over a 10-year mine life (202,000 ounces per year in the first five years), producing a total of 1.89 million ounces (payable) over the life-of-mine with average AISC2 of US$1,157 per ounce. Key summary results and assumptions are outlined below in Table 1: Project Financing. The Company is actively engaged in ongoing discussions on various funding options, including a comp...