Osisko Gold Group (OGG) Q2 2026 earnings summary

Executive summary

• Ended Q2 2026 with $837.3 million in cash and cash equivalents; completed a US$300 million convertible senior notes offering.

• Generated $32.7 million in revenue and $8.1 million in operating income from small-scale gold sales at the Tintic Project, reversing a prior year loss.

• Advanced pre-construction and underground development at the Cariboo Gold Project, completing 13,684 metres of infill drilling and releasing additional exploration results.

• Appointed new VPs for Construction Contracting and Sustainable Development; completed a corporate name change to Osisko Gold Group Inc.

Financial highlights

• Revenue for Q2 2026 was $32.7 million, up from $6.9 million in Q2 2025.

• Cost of sales was $12.0 million, up from $4.1 million in Q2 2025.

• Operating income reached $8.1 million, compared to a $16.3 million loss in Q2 2025.

• Outstanding debt includes $161.4 million under the 2025 Financing Facility and $414.3 million under convertible senior notes.

Outlook and guidance

• Test mining at Tintic is expected to continue through Q3 and Q4 2026 and into 2027.

• Cariboo Gold Project pre-construction, underground development, and exploration drilling to continue, with up to 20 drill rigs active and 160,000 metres of planned drilling.

• Water treatment plant at Cariboo expected to be fully operational in Q3 2026; further infrastructure and camp upgrades underway.