Osisko Development Reports 2025 Results, Advances Cariboo Gold Project
Osisko Development Corp. released its fourth quarter and year-end 2025 financial and operating results, reporting approximately $422.3 million in cash and equivalents. The company continued development and exploration at its Cariboo Gold Project.
Osisko Development Corp. has reported its financial and operating results for the fourth quarter and full year ended December 31, 2025. As of the end of the year, the company held approximately $422.3 million in cash and cash equivalents. Significant financing activities included a private placement raising approximately $82.5 million and a subsequent public offering that grossed approximately US$143.8 million.
The company's primary focus, the Cariboo Gold Project in British Columbia, saw continued progress. During the fourth quarter of 2025, Osisko Development advanced its infill drilling program in the Lowhee Zone and commenced a surface exploration program targeting new discoveries. Pre-construction activities, including infrastructure development for a water treatment plant and waste rock storage, have also progressed.
Small-scale mining activities at the Tintic Project generated $24.2 million in revenue and $8.7 million in operating income. The company also completed the sale of its San Antonio Gold Project in Mexico in early 2026.
Early in 2026, Osisko Development faced a setback when operations at the Cariboo Gold Project were temporarily suspended following a fatal incident. Work has since resumed under a phased reopening plan. The company also announced the appointment of new Vice Presidents for Exploration and Permitting & Compliance.