CEO Clips - Osisko Development: Advancing a Fully Permitted Gold Project in British Columbia
Osisko Development is pushing forward with its newly permitted gold project in British Columbia, aiming to establish one of Canada’s largest underground gold mines while prioritizing sustainability and electrification.
A shovel-ready Canadian gold opportunity with major economic potential
Osisko Development is preparing to break ground on one of Canada’s few fully permitted, shovel-ready gold projects. With a market valuation of approximately C$350 million, the company is focused on its flagship project in central British Columbia, just south of Prince George. A recent Q2 update to the feasibility study revealed an impressive NPV of $930 million at $2,400 gold, increasing to $2 billion at current spot prices. The project is expected to create around 600 direct and 1,500 indirect jobs, contributing significantly to regional economic development. Full permitting was secured in November 2024, marking a key milestone that positions Osisko Development at the forefront of near-term Canadian gold production.
In addition to its B.C. project, Osisko Development also holds an asset in Utah, noted by the Fraser Institute as the top global jurisdiction for mining investment. This further adds to the company’s de-risked profile and long-term development outlook. As the mining sector looks for reliable and well-positioned projects, Osisko Development is advancing with both regulatory readiness and strong economics in hand.
For more information on Osisko Development Corp. (TSX.V: ODV, NYSE: ODV) please click on the request investor info button.
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