Osisko Gold Provides Construction Progress Update on the Cariboo Gold Project
Osisko Gold provided a construction update on its 100%-owned Cariboo Gold Project, now estimated at approximately 28% complete with first gold pour targeted for Q1 2029 and commercial production in H2 2029. Cumulative costs reached CAD $355 million through September 30, 2026, with an estimated CAD $907 million remaining to complete construction; detailed engineering is ~42% complete and over 50% of procurement packages are awarded.
Key figures
- Trifr
- 1.05
- On site workforce
- 400
- Equipment fleet value
- 43000000
- Procurement committed
- 360000000
- Project completion pct
- 28
- Drilling planned meters
- 160000
- Detailed engineering pct
- 42
- Underground developed km
- 3.4
- Cumulative costs incurred
- 355000000
- Remaining cost to complete
- 907000000
- Procurement packages awarded
- over 50%
- Underground advance rate target
- 360 metres per month by year-end 2026 (revised from 500)
AI analysis
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