Osisko Development (US:ODV) Globenewswireยท2025-05-06 22:47Core Insights - Osisko Development Corp. reported its financial and operational results for Q1 2025, highlighting significant developments in its Cariboo Gold Project and other initiatives [1][2]. Financial and Operational Highlights - As of March 31, 2025, the company had approximately $77.6 million in cash and cash equivalents, with $35.7 million outstanding under a delayed draw term loan [5]. - The 2025 Feasibility Study (FS) for the Cariboo Gold Project indicates a strong base case with an after-tax NPV at a 5% discount of $943 million and an IRR of 22.1% based on a gold price of $2,400 per ounce [4][10]. - The average annual free cash flow is projected at $158 million, with an average all-in sustaining cost (AISC) of $1,157 per ounce over the life of the mine [4][10]. Project Updates - The Cariboo Gold Project is designed as a low-impact underground operation with an initial capital cost estimated at $881 million and sustaining capital costs of $525 million [10]. - The company is actively pursuing project financing options and aims to commence construction activities in the second half of 2025, targeting project completion by the end of 2027 [10]. - The San Antonio Gold Project is currently under care and maintenance, with plans to re-submit mining permit applications [8]. Upcoming Milestones - Key upcoming milestones include bulk sampling and water management activities scheduled for Q3 and Q4 2025, respectively, with associated costs of $4.1 million and $6.1 million [11]. - The company is also progressing with Phase II regional drilling at the Tintic Project, with expected completion in Q2 2025 [11]. Management Changes - The company appointed Mr. David Rouleau as Vice President of Project Development and Mr. Philip Rabenok as Vice President of Investor Relations during Q1 2025 [5].