Osisko Development files technical report for Cariboo Gold Project feasibility study

Osisko Development Corp. has officially filed a technical report concerning the feasibility study for its Cariboo Gold Project, located in central British Columbia, Canada. The report, prepared in accordance with National Instrument 43-101, substantiates the results previously announced by the company in April regarding an optimized feasibility study.

The filing supports the company's earlier press release, which detailed various economic projections for the Cariboo Gold Project. These projections included an after-tax net present value (NPV) of C$943 million at a 5% discount rate, based on a gold price of US$2,400 per ounce.

This new technical report supersedes a previous report dated January 2023. It was compiled by several independent engineering and consulting firms specializing in the mining sector, ensuring an objective assessment of the project's technical and economic viability.

The Cariboo Gold Project is a 100%-owned asset that Osisko Development aims to advance towards production. The company also has other development projects across North America.