CEO Clips - Osisko Development: Advancing One of Canada’s Largest Underground Gold Mines
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.
Expanding Resources with Sustainable Mining Practices
Osisko Development is making significant strides in gold exploration and production with its recently permitted underground gold project in central British Columbia. Situated in a historic mining district, the site has undergone extensive drilling—over 800,000 meters since 2016—solidifying its potential as a major 220,000-ounce-per-year producer. With 2 million ounces in reserves and 3.3 million ounces in total resources, the company is well-positioned for expansion.
Beyond its substantial resource base, Osisko is focused on sustainability and automation. The project benefits from BC Hydro’s Site C power, incorporating electrification to reduce its environmental footprint. With over $100 million in the bank and full mining and environmental permits secured as of November 2024, Osisko is set to move forward with construction and further exploration.
For more information on Osisko Development Corp. (TSX.V: ODV, NYSE: ODV) please click on the request investor info button.
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