Recent Updates — OSDVF
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 Inc. announced that Chief Financial Officer Alexander Dann is retiring after five years in the role and a distinguished 35-year career. Elijah Tyshynski, formerly CFO of ATEX Resources Inc., will succeed Mr. Dann as CFO and join the senior leadership team following a transition period. The Board thanked Mr. Dann for his contributions to the company's financial strength and growth strategy.
Osisko Gold Group Inc. announced the completion of its Lowhee Zone infill drilling program at the Cariboo Gold Project in British Columbia, Canada. Preliminary internal reconciliation analysis showed Zone 1 had approximately 30% more tonnes and 6% more gold ounces with an 18% lower grade, while Zone 2 had 8% fewer tonnes and 8% more gold ounces with a 16% higher grade. The company anticipates satisfying technical conditions precedent to access the remaining US$350 million undrawn portion of its senior secured project loan facility in Q3 2026. Osisko Gold Group Inc. is a gold development company focused on past producing mining camps with district-scale potential.
Osisko Gold Group Inc. entered into a Support and Benefits Agreement with the District of Wells, British Columbia, effective July 21, 2026. The agreement, executed through Barkerville Gold Mines Ltd., involves voluntary financial contributions of up to $3.0 million over a three-year term to support local social and economic initiatives. This includes $500,000 in targeted capital and operating support for the WILDways High School. The agreement aims to establish a framework for collaboration as the company advances its 100%-owned Cariboo Gold Project. Osisko Gold Group Inc. is a gold development company focused on North American mining assets.