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Osisko Gold Group Inc. announced a formal final investment decision to proceed with construction of its Cariboo Gold…
ODVOsisko Gold Group Inc.
Osisko Gold Group Inc. announced a formal final investment decision to proceed with construction of its Cariboo Gold Project in British Columbia, targeting first gold pour in Q1 2029 and commercial production in H2 2029. The company secured a US$30 million strategic private placement from an affiliate of Trafigura at US$3.14 per share, alongside 100% concentrate and doré off-take agreements for the first four years of production. A potential subordinated gold prepayment facility of up to US$120 million was also agreed upon on non-binding terms. The go-forward capital obligation is estimated at C$990 million, supported by total available sources of up to C$1,637 million, including C$837 million in cash and equivalents. Osisko Gold Group Inc. operates as a gold development company focused on the Cariboo Gold Project.