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Osisko Development (ODV) investor relations material
Osisko Development Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Ended Q4 2025 with $422.3 million in cash and cash equivalents; completed $82.5 million private placement and $143.8 million prospectus offering in early 2026.
Sold 3,970 ounces of gold in Q4 2025 from Tintic Project, generating $24.2 million in revenue and $8.7 million in operating income.
Announced and completed the sale of the San Antonio Gold Project, receiving Axo Copper shares and contingent payments.
Advanced Cariboo Gold Project with infill drilling, pre-construction, and surface exploration; resumed activities after a temporary suspension due to a fatal incident.
Appointed new VPs for Exploration and Permitting & Compliance; included in VanEck Junior Gold Miners ETF.
Financial highlights
Q4 2025 revenue of $24.2 million (nil in Q4 2024) and cost of sales of $6.8 million (nil in Q4 2024) from Tintic Project.
Operating income of $8.7 million in Q4 2025 versus a $19.8 million loss in Q4 2024.
Sold 6,240 ounces of gold in 2025 from Tintic Project, generating $35.5 million in revenue and $13.9 million in cost of sales.
Received $24.9 million from warrant exercises in March 2026.
Outlook and guidance
Cariboo Gold Project underground infill drilling (13,000 metres) expected to complete in Q2 2026; regional surface exploration and mine design activities planned through Q4 2026.
Anticipated 2026 expenditures include $40.2 million for underground development and $6.8 million for regional surface exploration.
Bonanza Ledge water treatment plant expected to be fully operational in Q2 2026.
- Cariboo Gold Project advances as a top-tier, low-cost Canadian gold mine with strong growth prospects.ODV
Investor presentation25 Mar 2026 - Project is fully financed, targeting 200,000 oz/year and strong cash flow with major expansion upside.ODV
2025 Precious Metals Summit - Beaver Creek27 Dec 2025 - Cariboo Gold Project advances with $750M shelf, strong economics, and major recent financings.ODV
Registration Filing23 Dec 2025 - Cariboo Gold Project advances toward 2028 production with robust economics and growth potential.ODV
Investor Presentation22 Dec 2025 - $750M shelf offering to fund Cariboo Gold Project, targeting 10-year mine life and strong returns.ODV
Registration Filing22 Dec 2025 - Major equity and debt financing secured to advance a flagship gold project in Canada.ODV
Registration Filing16 Dec 2025 - Major equity and debt financings target Cariboo Gold Project construction, with significant dilution risk.ODV
Registration Filing16 Dec 2025 - Strong cash position and major project financing drive Cariboo Gold Project progress amid risks.ODV
Q3 202510 Nov 2025 - Cariboo Gold Project advances toward production with strong economics and major growth potential.ODV
Investor Presentation10 Nov 2025
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