Osisko Development Reports Fourth Quarter And Year-End 2023 Results
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").
- (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).