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Osisko Gold reports Cariboo project at 28% completion with $355M incurred and $907M remaining to complete
OSDVFOsisko Gold Group Inc.
Osisko Gold Group provides a construction progress update on its 100%-owned Cariboo Gold Project in British Columbia, Canada. Overall project completion is estimated at approximately 28%, based on cumulative costs of $355 million incurred through September 30, 2026. The company estimates remaining costs to complete construction at roughly $907 million. Detailed engineering stands at 42% complete, and over 50% of procurement packages have been awarded, representing approximately $360 million in commitments. Underground development has reached about 11%, with advance rates revised to 360 meters per month by year-end due to rock conditions. The project remains on schedule for a first gold pour in Q1 2029 and commercial production in H2 2029. Osisko Gold Group Inc. is a continental North American gold development company focused on developing the Cariboo Gold Project.