Osisko Development
Financials:
Primary tickers: NYSE:ODV,TSXV:ODV
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Projects to promote: Tintic Project, Cariboo Gold Project
Project location: US, Canada & Mexico
Website: osiskodev.com
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 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: CAD86.9M
Debt: CAD21.1M
Major shareholders:
Osisko Gold Royalties – 40%
Fidelity – 5%
Franklin – 2%
Sprott Asset Management – 1%
Management Ownership – 3%
Map of Projects
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?
13 September – Intercepts 362 g/t over 1.1m in UG Sampling at Trixie, Tintic Project
8 August – Reports Second Quarter Results
18 July – Intercepts 65 g/t over 4.57m in UG Drilling at Trixie, Tintic Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Obtain EA Certificate (Cariboo Gold Project)
Commence Copper Porphyry Deep Drilling (Tintic Project)
Complete decline development at Trixie (95% complete)
Underground drilling results at Trixie
6 Months:
Updated MRE at Trixie, Tintic Project
Results from Deep Drilling Copper Porphyry program
Project Permit (Cariboo Gold Project)
What do you think makes your company such a compelling investment?
Trixie – Among the Highest Grade Gold Assets Globally
Tintic – Copper porphyry target exploration program
Cariboo – Tier I asset near shovel ready status in Canada