Osisko Development Aims to Become North American Gold Producer

Osisko Development Corp. is positioning itself to become an intermediate gold producer by advancing two key mining projects in North America. The company's strategy centers on developing previously producing historical gold mining districts with potential for district-scale discoveries.

The company's primary assets include the fully permitted Cariboo Gold Project in central British Columbia, Canada, and the Tintic Project in Utah's historic East Tintic mining district. Both projects are situated in mining-friendly jurisdictions and offer substantial opportunities for future expansion.

Osisko Development is led by a management team with a proven track record in discovering, financing, and operating significant mining projects globally. Their expertise is being applied to the development pathways for both the Cariboo and Tintic operations.

Recently, the company has secured significant funding, including a US$30 million strategic investment from Trafigura and the completion of a US$600 million offering of senior secured notes, bolstering its capacity for project development.