Osisko Development (“ODV”) has announced it has secured US$450m of funding to develop the company’s Cariboo gold project in British Columbia. We view this as a solid positive for ODV, following the updated optimised feasibility study that was released in April and the results of the bulk tonnage ore sorting that was released in June. We expect ODV to move forward with project development, delivering first production from Cariboo in 2029. Cariboo, with a 2.07Moz reserve and growth potential at de ....
