Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
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 →

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Osisko Gold Intersects 7.28 g/t Au over 16.15 m (105 m Vertical Depth), including 173.66 g/t Au over 0.60 m, and 7.13 g/t Au over 11.60 m (61 m Vertical Depth) in Lowhee Zone Underground Infill Drilling at Cariboo Gold Project

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