Recent Updates — OGG
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.
Osisko Gold Group closed a previously announced strategic equity investment from Urion Investments Holdings Limited, an affiliate of Trafigura Canada Limited. The company issued 9,554,141 common shares at US$3.14 per share, generating gross proceeds of approximately US$30 million. This price represented a 10% premium to the five-day volume-weighted average price on the TSX Venture Exchange prior to signing. Urion will hold approximately 3.0% of outstanding shares and entered into a voting support agreement with customary standstill and lock-up provisions. Net proceeds are intended for the development of the Cariboo Gold Project, which is currently under construction in British Columbia. Negotiations for a potential US$120 million prepayment facility remain ongoing. Osisko Gold Group Inc. is a North American gold development company focused on past-producing mining camps with district-scale potential.
Osisko Gold Group announced assay results from 3,933 meters of underground infill diamond drilling across 36 holes at the 1290 level of its Cariboo Gold Project's Lowhee Zone. Highlights include an intercept of 7.28 grams per tonne gold over 16.15 meters, containing a high-grade interval of 173.66 g/t Au over 0.60 meters, and another of 7.13 g/t Au over 11.60 meters. The company also awarded its continuing underground mine development contract to JDS Energy & Mining Inc. effective October 5, 2026, and granted incentive awards comprising 72,700 stock options and 553,700 restricted share units to senior officers and employees. Osisko Gold Group is a North American gold development company focused on building its permitted Cariboo Gold Project in British Columbia.
Osisko Gold Group Inc. announced that Elijah Tyshynski assumed the role of Chief Financial Officer effective October 1, 2026, succeeding Alexander Dann as part of a planned leadership succession transition previously disclosed on August 25, 2026. Osisko Gold Group Inc. is a continental North American gold development company focused on past producing mining camps with district-scale potential.
Osisko Gold Group Inc. filed a Form 6-K on September 30, 2026, attaching an execution version of an indenture dated the same day for $600,000,000 in 9.250% Senior Secured Notes due 2031. The filing also includes a press release related to this financing transaction. This significant debt issuance impacts the company's capital structure and leverage profile. Osisko Gold Group Inc. operates in the gold mining industry.
Osisko Gold Group Inc. announced the pricing of an upsized US$600 million offering of 9.250% senior secured notes due October 1, 2031, at par (100.0%). The company intends to use approximately US$120.9 million of net proceeds to repay its existing Appian Capital Advisory project loan facility and fund interest reserve accounts, with remaining funds advancing construction of the Cariboo Gold Project in British Columbia. Interest payments are semi-annual, commencing April 1, 2027. The offering is expected to close on September 30, 2026. Osisko Gold Group Inc. operates as a gold development company focused on mining projects in North America.