Osisko Development sold 805 ounces of gold in Q2 2024, resulting in USD 2.6 million in revenue and 2.7 million in cost of sales. The company made deferred payments to vendors and entered into an amendment agreement with the National Bank of Canada for a deferred term loan of $50 million. The Cariboo gold project made progress towards approval, with permits under the BC Mines Act and Environmental Management Act being prepared. Financing options are being explored, including fully financed solutions for the Cariboo Gold Project.
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