Osisko Development
Financials:
Primary ticker: NYSE:ODV,TSXV:ODV
Stage of development: Development, Production
Primary minerals: Gold
Project to promote: Tintic Gold Project, Cariboo Gold Project, and San Antonio Gold Project
Project location: US, Canada & Mexico
Website: osiskodev.com
Corporate presentation: Click here
Osisko Development Corp. is a premier North American gold development company focused on high-quality past-producing properties located in mining friendly jurisdictions with district scale potential. The Company’s objective is to become an intermediate gold producer by advancing its 100%-owned Cariboo Gold Project, located in central B.C., Canada, the recently acquired Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico. In addition to considerable brownfield exploration potential of these properties, that benefit from significant historical mining data, existing infrastructure and access to skilled labour, the Company’s project pipeline is complemented by other prospective exploration properties. The Company’s strategy is to develop attractive, long-life, socially and environmentally sustainable mining assets, while minimizing exposure to development risk and growing mineral resources.
Cash: CAD 133.1
Debt: CAD 10.7
Major shareholders:
Osisko Gold Royalties – 44.1%
Franklin Resources – 1.9%
Sprott Asset Management – 1.8%
Fidelity – 0.9%
AIMCO – 0.7%
Management Ownership – 3%
Management Profile
Mr. Roosen has over 30 years of progressive experience in the mining industry. As founder, President, Chief Executive Officer and Director of Osisko Mining Corporation, he was responsible for developing the strategic plan for the discovery, financing and development of the Canadian Malartic mine. He also led the efforts for the maximization of shareholders’ value in the sale of Osisko Mining Corporation, which resulted in the creation of Osisko Royalties.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
17 January – Initial Mineral Resource Estimate at Trixie, Tintic Project
11 January – Extends T2 Mineralization 55 meters Down Dip at Trixie, Tintic Project
3 January – Positive Feasibility Study Results for the Cariboo Gold Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Advance decline development at Trixie, Tintic Project (currently ~50% complete)
6 Months:
Complete decline development at Trixie, Tintic Project
12 Months:
Ramp up processing capacity at Trixie, Tintic Project; Complete permitting process at Cariboo Gold Project; Exploration targeting at Trixie, Tintic Project
What do you think makes your company such a compelling investment?
Trixie – Among the Highest Grade Gold Assets Globally