Osisko Development (US:ODV) Globenewswire·2026-03-02 14:27Core Viewpoint - Osisko Development Corp. has resumed planned site activities at its Cariboo Gold Project in British Columbia after a temporary suspension due to a tragic incident, implementing a phased reopening plan to ensure the health and safety of all personnel [1][2]. Group 1: Project Activities - The site currently has over 250 personnel, reflecting normal operating levels for the current phase, which includes pre-construction, early works, and exploration drilling activities [2]. - The Bonanza Ledge water treatment plant is nearing full operational status, with upgrades in the final stages of commissioning [4]. - Approximately 2.1 kilometers of underground development has been completed, with challenges encountered in the Lowhee fault area, but development rates are expected to improve as work progresses [4]. - Infill drilling has resumed, with 1.6 kilometers remaining in the final drill fan of the ongoing 13-kilometer underground program [4]. - Six drill rigs are currently operating on surface exploration programs, with 5,000 meters of drilling completed to date and assays pending [4]. - Construction of critical surface infrastructure, including the waste rock storage facility and sediment control pond, is ongoing [4]. - The site camp has been upgraded and expanded to 266 rooms to accommodate peak construction manpower requirements [4]. Group 2: Company Overview - Osisko Development Corp. is focused on developing the Cariboo Gold Project, a fully permitted and 100%-owned asset, with the goal of becoming an intermediate gold producer [6]. - The company also has a project pipeline that includes the Tintic Project in Utah, which has significant exploration potential and access to established infrastructure [6]. - The company aims to develop long-life mining assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation and risk management [6].