Osisko Development: Advancing the Cariboo Gold Project with Permitting Towards Project Financing

Osisko Development is focused on the Cariboo Gold Project in British Columbia, with a mining permit expected in summer 2024. The project has a two-phase approach and a feasibility study showed strong economics. The company has a healthy treasury and recently closed a credit facility of $50 million. The CFO mentioned the potential for adding more ounces and extending the mine life. The Trixie and Tintic properties also have gold and copper potential, but more exploration work is needed. The San Antonio project in Mexico is currently on hold due to a government moratorium.

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