ODV

Osisko Development Reports Fourth Quarter And Year-End 2023 Results

Retrieved on: 
Friday, March 29, 2024
Carbon, First Nations, Funding, Biophysical environment, International Financial Reporting Standards, Health, Sale, Diamond, Bank statement, Environment, ODV, International, National Bank of Canada, MRE, Line of credit, Public expenditure, Climate change, AG, Technical report, EAO, Cow urine, Rehabilitation, Environmental impact assessment, News, Dragon (magazine), Credit, Lithium, Sustainable development, Project, Engineering, Mining, Gold, Progress, National bank, Government, 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).

Osisko Development Secures US$50 Million Funding to Commence Underground Development at Cariboo Gold Project

Retrieved on: 
Monday, March 4, 2024
Engineering, Finance Secretary (India), Project, National Bank of Canada, Cow urine, ODV, Line of credit, Maturity, Gold, Interest, Creditor, National bank, 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.

Osisko Development Intercepts 610 g/t Gold Over 0.46 Meters in Underground Drilling at Trixie, Tintic Project

Retrieved on: 
Thursday, February 22, 2024
News, ODV, Face, MRE

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.

Osisko Development Provides Update on Upcoming Year-End 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
ODV, International, Gold, International Financial Reporting Standards, Mining, Bank statement, Public expenditure

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.

Osisko Development Announces Management Update

Retrieved on: 
Friday, February 2, 2024
Senior, ODV, Environmental impact assessment, Environment, Project, Management

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.

Nicola Provides Year in Review: 2023

Retrieved on: 
Monday, December 11, 2023
Carbon, ODV, Nicola, Hope, Gold, WP, News, LOI, Letter, IP, Ministry, Year-in-review, Project, Rare-earth element

Vancouver, British Columbia--(Newsfile Corp. - December 11, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSID) (the "Company" or "Nicola") is pleased to provide its "Year in Review: 2023", with the hope of providing additional clarity on several key milestones that were achieved in 2023.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - December 11, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSID) (the "Company" or "Nicola") is pleased to provide its "Year in Review: 2023", with the hope of providing additional clarity on several key milestones that were achieved in 2023.
  • For the first nine months of the year, Nicola achieved positive earnings, a unique characteristic amongst junior mining companies.
  • The relationship between Nicola and Ocean Partners was further strengthened when the co-CEO of the latter joined our board of directors[3].
  • On May 2, 2023, Nicola announced that it had finalized a 2023 diamond drilling exploration program (the "2023 Program") and hired William Whitty, P. Geo as VP of Exploration.

BTV Highlights: Osisko Development, ROK Resources, Eloro Resources, enCore Energy & Baytex Energy

Retrieved on: 
Thursday, November 30, 2023
ODV, Lithium, BTE, BTV, Acquisition, Mining, BNN Bloomberg, Helorus, Primary energy, Fenthion, Growth, TSX, Television

With a track record of multi-billion dollar project successes, Osisko is poised for significant growth in North America.

Key Points: 
  • With a track record of multi-billion dollar project successes, Osisko is poised for significant growth in North America.
  • ROK Resources Inc. (TSXV: ROK) (OTCQB: ROKRF) - Capitalizing on strategic acquisitions in Saskatchewan and Alberta, ROK has rapidly expanded from 100 to over 4000 barrels per day, with plans for further drilling.
  • Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) - BTV highlights the company's significant progress in its innovative silver-tin polymetallic venture in Bolivia.
  • Amidst a national push for energy independence, Encore Energy is set to become a cornerstone in America's clean energy direction.

Osisko Development Announces Management Updates

Retrieved on: 
Thursday, December 28, 2023
Biophysical environment, ODV, Sustainable development, Health, Safety, Technical, Management

MONTREAL, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces today that Luc Lessard, Chief Operating Officer ("COO"), will be retiring from the Company at the end of 2023 to pursue other personal and professional commitments, namely as President and Chief Executive Officer of Falco Resources Ltd.

Key Points: 
  • MONTREAL, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces today that Luc Lessard, Chief Operating Officer ("COO"), will be retiring from the Company at the end of 2023 to pursue other personal and professional commitments, namely as President and Chief Executive Officer of Falco Resources Ltd.
  • "Luc stepped into the COO role during the formation of the Company in January 2021 and has played a vital role in helping to advance our portfolio of development stage projects.
  • The Company also announces that Chris Pharness, Vice President, Sustainable Development, has departed the Company to pursue other opportunities.
  • "We would like to thank Chris for his contributions and commitment to Osisko Development and wish him continued success in the future," noted Sean Roosen.

Osisko Development Intercepts 443.64 G/T Gold Over 1.19 Meters in Underground Sampling at Trixie, Tintic Project

Retrieved on: 
Thursday, December 21, 2023
ODV, AG, MRE, News, Face, Mining

Of these, 35 faces had samples with greater than 1.0 grams per tonne ("g/t") gold ("Au") or greater than 50.0 g/t silver ("Ag") values (see Table 1).

Key Points: 
  • Of these, 35 faces had samples with greater than 1.0 grams per tonne ("g/t") gold ("Au") or greater than 50.0 g/t silver ("Ag") values (see Table 1).
  • This news release includes assays from eight underground diamond drill ("DD") holes (see Table 2).
  • Select assay highlights include:
    In 2023, the company completed a total of 6,447 m (21,151 ft) of underground drilling in 73 DD holes at Trixie.
  • One diamond drill rig is currently active underground testing a copper-gold porphyry target, Trixie West, below the Trixie deposit.

Osisko Development Commences Surface Exploration Drill Campaign on Copper-Gold Porphyry Targets at Tintic Project

Retrieved on: 
Wednesday, December 6, 2023
National instrument, ODV, Government, MRE, Silver, Bingham Canyon Mine, Carbonate, News, 3D, Technical report, National Instrument 43-101, Mining

MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the commencement of an initial surface diamond drilling exploration campaign to test for copper-gold-molybdenum porphyry mineralization potential, at the Company’s Big Hill target area (Figure 2), at its 100% owned Tintic Project ("Tintic" or the "Tintic Project"), located in the historic East Tintic Mining District in central Utah, U.S.A.

Key Points: 
  • MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the commencement of an initial surface diamond drilling exploration campaign to test for copper-gold-molybdenum porphyry mineralization potential, at the Company’s Big Hill target area (Figure 2), at its 100% owned Tintic Project ("Tintic" or the "Tintic Project"), located in the historic East Tintic Mining District in central Utah, U.S.A.
  • Sean Roosen, Chairman and CEO of Osisko Development, commented, "With the surface drill permits in hand, we are very excited to start drilling high-priority targets on the Tintic property for copper-gold porphyry potential at depth.
  • The Tintic District, located 65 kilometers (40 miles) from Rio Tinto's Bingham Canyon Mine, has historically been recognized as an area prospective for porphyry style copper-gold-molybdenum mineralization.
  • A 3D model and virtual site tour of Trixie and the wider Tintic Project is accessible on the Company's VRIFY page at: https://vrify.com/decks/12801 .