Associated tags: ODV, Gold, News, NYSE, Mining
Locations: NORTH AMERICA, SAN ANTONIO, UTAH, SALT LAKE CITY, MI, TORONTO, ONTARIO, MONTRÉAL, QC, CA
MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the following corporate updates:
Key Points:
- MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the following corporate updates:
As part of Osisko Development's regular annual remuneration program, the Company has granted an aggregate of 283,250 deferred share units of the Company ("DSUs") to its independent directors in accordance with the DSU Plan of the Company.
- The DSUs will vest in accordance with the Company's DSU Plan, which is available on the Company's website at www.osiskodev.com .
- The Company also announces that Maggie Layman, Vice President, Exploration, will be departing the Company on May 30, 2024, to pursue another opportunity in the mining sector.
- "We would like thank Maggie for the nine transformative years she worked on and oversaw the exploration work at all of the Company's projects.
MONTREAL, May 07, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the results of its annual meeting of shareholders (the "Meeting") held on May 7, 2024.
Key Points:
- MONTREAL, May 07, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces the results of its annual meeting of shareholders (the "Meeting") held on May 7, 2024.
- A total of 55,749,501 common shares were voted at the Meeting, representing approximately 66.27% of the total issued and outstanding common shares of the Company as of the record date of the Meeting.
- A summary of the results for the items voted at the Meeting are as follows:
Each of the directors listed as nominees in Osisko Development's Management Information Circular (the "MIC") dated March 18, 2024, was elected to the board of directors of the Company to serve for the ensuing year or until their successors are duly elected or appointed, with the following results:
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Credit MONTREAL, May 06, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended March 31, 2024 ("Q1 2024").
Key Points:
- (All monetary references are expressed in Canadian dollars, unless otherwise indicated)
MONTREAL, May 06, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended March 31, 2024 ("Q1 2024").
- During the quarter, US$25.0 million ($33.9 million) was drawn under the Credit Facility, net of US$0.7 million ($0.9 million) of fees.
- During Q1 2024, the Company disclosed the remaining assay results from 14 diamond drilling holes and chip samples from new development areas as part of its 2023 exploration program at Trixie.
- On April 26, 2024, the Company announced the filing of the Tintic Technical Report (as defined herein) on the 2024 Trixie MRE.
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EEM MONTREAL, March 28, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023").
Key Points:
- (All monetary references are expressed in Canadian dollars, unless otherwise indicated)
MONTREAL, March 28, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023").
- 2,090 ounces of gold sold by the Company from operating activities in the fourth quarter (10,743 ounces of gold sold in 2023), comprising of:
$6.9 million in revenues ($31.6 million in 2023) and $6.4 million in cost of sales ($32.3 million in 2023) generated from operating activities in the fourth quarter.
- After giving effect to the Financing, Osisko Development and O3 Mining hold approximately 47% and 12%, respectively, of the outstanding EEM shares.
- Assay results for all remaining drill holes from the 2023 exploration program were released on February 22, 2024 (see Subsequent to Q4 2023).
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CAD Geologic modelling was completed by Osisko Development modeling geologist Jody Laing, P.Geo, using Leapfrog Geo software.
Key Points:
- Geologic modelling was completed by Osisko Development modeling geologist Jody Laing, P.Geo, using Leapfrog Geo software.
- The 2024 Trixie MRE was completed by Osisko Development chief resource geologist, Daniel Downton, P.Geo using Datamine Studio RM 2.0 software.
- William Lewis and Alan J. San Martin of Micon International Limited independently reviewed and validated the mineral resource model.
- The 2024 Trixie MRE is comprised of six zones within the greater Trixie area: T2, T3, T4, Wild Cat, 40 Fault and 75-85.
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Credit The Credit Facility will be exclusively used to fund ongoing detailed engineering and pre-construction activities at the Company's 100%-owned Cariboo Gold Project ("Cariboo" or the "Project") located in central British Columbia ("BC"), Canada.
Key Points:
- The Credit Facility will be exclusively used to fund ongoing detailed engineering and pre-construction activities at the Company's 100%-owned Cariboo Gold Project ("Cariboo" or the "Project") located in central British Columbia ("BC"), Canada.
- Sean Roosen, Chairman and CEO, commented, "We are very pleased to secure funding that will enable us to commence the development of a 1.2 kilometer underground drift at Cariboo and advance important design and engineering work ahead of the anticipated receipt of permits in Q2 2024.
- Importantly, this facility is non-dilutive with no early repayment penalties, and provides us with financial flexibility to refinance the facility prior to maturity.
- We appreciate National Bank's strong support towards our vision of building Canada's next gold mining district at Cariboo.
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This news release includes assays from fourteen underground diamond drill ("DD") holes (see Table 1).
Key Points:
- This news release includes assays from fourteen underground diamond drill ("DD") holes (see Table 1).
- Select assay highlights include:
In 2023, the company completed a total of 6,028 m (19,776 ft) of underground drilling in 73 DD holes at Trixie.
- Assays have now been received for all 2023 holes testing the Trixie high sulphidation epithermal Au-Ag targets.
- The Trixie MRE will include all underground drilling and chip sample assays from the 2023 program.
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Wednesday, February 21, 2024
MONTREAL, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces that it has undertaken a review of the carrying value of its assets in accordance with International Financial Reporting Standards (the "Impairment Analysis") as at December 31, 2023, as part of its fourth quarter and year-end 2023 financial results preparation.
Key Points:
- MONTREAL, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces that it has undertaken a review of the carrying value of its assets in accordance with International Financial Reporting Standards (the "Impairment Analysis") as at December 31, 2023, as part of its fourth quarter and year-end 2023 financial results preparation.
- The asset impairment charge will be a non-cash item and, for the avoidance of doubt, will have no impact on Company cash flows.
- The Impairment Analysis will be finalized and recognized in the Company's consolidated financial statements for the year ended December 31, 2023.
- The Company anticipates releasing a new mineral resource estimate ("MRE") for the Trixie deposit in March 2024, and its fourth quarter and year-end 2023 operating and financial results at the end of March 2024.
MONTREAL, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces today that François Vézina, Senior Vice President, Project Development, Technical Services and Environment, will be leaving the Company on March 1, 2024, to pursue another opportunity in the mining sector.
Key Points:
- MONTREAL, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces today that François Vézina, Senior Vice President, Project Development, Technical Services and Environment, will be leaving the Company on March 1, 2024, to pursue another opportunity in the mining sector.
- The Company will evaluate potential external and internal candidates, as it prepares to re-position for and transition toward future growth initiatives.
- "François has been an invaluable member of the leadership team and the Osisko family for many years.
- I would like to thank him on behalf of the entire management team and the Board for his tireless dedication, technical acumen, and leadership contributions, all of which have been instrumental in advancing our key development assets, while setting the highest standards in innovation and sustainable mine development.
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Thursday, November 16, 2023
Toronto, Ontario--(Newsfile Corp. - November 16, 2023) - THE Mining Investment Event of the North ("THE Event") is pleased to announce that Mr. Sean Roosen, Chief Executive Officer & Chairman of Osisko Development Corp., will be the Opening Keynote Speaker for 2024. Due to unprecedented growth, THE Event '24 will be held in Quebec City at the Centre des congrès de Québec, from Tuesday, June 4 to Thursday, June 6, 2024.
Key Points:
- "THE Event is one of the fastest growing mining investment conferences in North America with an impressive 100%+ growth year-over-year in only its second year.
- Canada's Only Tier 1 Mining Investment Conference for issuers, investors and international government authorities continues to ramp up at a steady pace for 2024.
- THE Mining Investment Event of the North - Canada's Only Tier I Global Mining Investment Conference is held annually in Québec City, Canada.
- THE Event is independently sponsored and designed to facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities.
