Osisko Development: Progress Update on Cariboo Development

Osisko Development is a successful gold developer that primarily wants to bring the Cariboo project in Canada and other projects such as the Tintic project in the USA and the San Antonio project into production. Osisko is targeting an operating license for Cariboo by mid-2024, after which it could enter the two-year construction phase if financing is successful. Cariboo has potential reserves of two million ounces of gold to date. In addition, there are 1.6 million ounces in the Measured and Indicated category and 1.7 million ounces in the Inferred category. Enough room for a significantly longer mine life and exploration potential. The company is well financed with cash of around 71.5 million US dollars.

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