Northwire Canada EditionSunday, September 13, 2026
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GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2% GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2%
Drill Results Routine +

Osisko Development Completes 13,000-Meter Infill Drilling Program at Cariboo Gold Project and Provides Update on Ongoing Lowhee Underground Drilling; Intercepts Include 44.68 g/t Gold Over 1.5 Meters From 27.9 Meters Downhole, Including 133.62 g/t Gold Ov

Osisko Development completes Cariboo infill drilling, though dilution and going concern risks limit the project's upside potential.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 17:04 ODV · 3.25 Osisko Development Corp.
Executive Summary
  • Osisko Development Corp. announced the completion of a 13,684-meter underground infill and near-mine exploration drilling program at the Lowhee Zone of its Cariboo Gold Project in British Columbia.
  • The program targeted 10-meter spacing across 142 drill holes to refine spatial controls and support resource conversion.
  • Highlighted intercepts include 44.68 g/t Au over 1.5 m from 27.9 m downhole (including 133.62 g/t Au over 0.5 m) and multiple other high-grade intervals, reinforcing vein continuity.
  • Reconciliation of an updated localized block model is underway, with final results expected in Q2 2026 to refine production stope designs, sequencing, and future infill requirements.
  • The Lowhee Zone currently hosts 104,491 ounces of contained Au in probable reserves (~5% of total project probable reserves). Total Cariboo probable reserves stand at 2.071 million ounces of contained Au.
Material Impact
  • The completion of the infill program is a telegraphed operational milestone that does not alter the fundamental development timeline or economics of the Cariboo Gold Project.
  • The market has already priced in the project progress and the recent $300 million convertible note financing. The stock has declined ~15% since late May, reflecting dilution concerns and the going concern warning in the Q1 2026 MD&A.
  • This is a Routine - Positive update: it confirms execution on a pre-announced plan but delivers no new upside, margin expansion, or financing relief beyond what was already disclosed.
ODV · Price
Company Overview
  • Osisko Development Corp. is a Canadian mining company focused on the development of the Cariboo Gold Project, a 100%-owned, permitted, feasibility-stage asset in central British Columbia.
  • The company also holds the Tintic Project in Utah, USA, which is currently in small-scale heap leach operations.
  • The San Antonio Gold Project in Mexico was sold to Axo Copper Corp. in January 2026 to streamline operations and focus capital on Cariboo.
  • Management is led by Chairman & CEO Sean Roosen and President Chris Lodder.
Read the original news release →

More from Osisko Development Corp.

Aug 20, 2026 · 17:00

Osisko Development cleared a key technical gate for the Lowhee project, though a US$350 million draw still awaits construction readiness.

Financings Aug 13, 2026 · 18:24

Osisko Development funds its Cariboo project via a convertible note while Tintic test mining generates a small operating profit.

Earnings Aug 05, 2026 · 07:02

Osisko Development reports a high-grade intercept at the Proserpine discovery, marking a significant regional data point for the project.

Drill Results Jul 23, 2026 · 07:00

Osisko Development completes infill drilling and validates the model, with $350m loan conditions expected in q3.

Drill Results Jul 08, 2026 · 17:15

Osisko Development reports deep step-out hits extending Cariboo gold to 700m vertical, though uncut grades obscure economic potential.

Drill Results Jun 01, 2026 · 08:15

Osisko Development Closes $300M Convertible Note Offering to Fund Cariboo Gold Project Amid Dilution Mitigation

Financings