Osisko Development

Osisko Development 300x200

Primary tickers: NYSE:ODV,TSXV:ODV
Stage of development: Exploration, Development
Primary minerals: Gold, Copper
Projects to promote: Cariboo Gold Project, Tintic Project
Project location: US, Canada & Mexico
Website: osiskodev.com

Osisko Development Corp. is a North American gold development company focused on past-producing mining camps 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: CAD33.7M
Debt: CAD46.8M

Major shareholders:
Osisko Gold Royalties – 32%

Fidelity – 3%

Franklin – 2%
Equinox – 2%

Franklin – 1%

Management Ownership – 3%

Financials

Management Profile

Philip Rabenok – Director, Investor Relations
Mr. Rabenok has over 13 years of progressive transactional, capital markets, and corporate experience in the resources sector, most recently working in an Investor Relations role with IAMGOLD, a Canadian mid-tier gold producer. Prior to his role at IAMGOLD, he spent the majority of his career in metals and mining investment banking at Société Générale, and in equity research at Scotiabank, focused on precious metals companies. Philip holds a Bachelor of Commerce (B.Com.) degree from the University of Toronto (Trinity College) and is a CFA Charterholder.

What is your rationale for taking part in 121 Mining Investment?

Meet new institutional investors

What recent news would you like to highlight to investors attending?

10 October – Closed final tranche of non-brokered private placement for US$34.5 million
13 September – Intercepts 362 g/t over 1.1m in UG Sampling at Trixie, Tintic Project
8 August – Reports Second Quarter Results

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Final Construction and Operating Permits (Cariboo Gold Project)
Bulk Sample (Cariboo Gold Project)
Exploration work at Tintic Project

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

What do you think makes your company such a compelling investment?

Cariboo – Tier I asset near shovel ready status in Canada
Tintic – Copper porphyry target exploration program

What are the top 3 key investor takeaways?