Osisko Gold Group Inc. (ODV) Form 6-K — Aug 13, 2026
Osisko Gold Group Inc. (formerly Osisko Development Corp.) reported Q2 2026 revenue of C$32.7 million, up from C$6.9 million a year earlier, driven by gold sales from the Tintic Project, with operating income of C$8.1 million versus a C$16.3 million operating loss in Q2 2025. Net income was C$119.1 million, though the swing was driven largely by an C$87.0 million non-cash gain on warrant fair value plus derivative gains tied to the convertible notes offering.
Key figures
- Eps
- C$0.39 basic / C$0.21 diluted (Q2 2026) vs C$(0.35) basic (Q2 2025)
- Revenue
- C$32.7M in Q2 2026 vs C$6.9M in Q2 2025 (C$34.9M for 1H 2026)
- Net Income
- C$119.1M in Q2 2026 vs C$46.0M loss in Q2 2025; C$179.3M for 1H 2026 vs C$84.7M loss in 1H 2025
- Total Debt
- C$448.0M long-term debt and lease liabilities at June 30, 2026 (+225% vs Dec 31, 2025)
- Debt Amount
- US$300M (C$414.3M) 4.125% convertible senior notes; US$100M (C$137.2M) drawn under US$450M Appian facility
- Revenue Yoy
- approximately +377% (Q2 2026 vs Q2 2025, computed from reported figures)
- Total Assets
- C$1,928.6M at June 30, 2026
- Cash Position
- C$837.3M at June 30, 2026 (vs C$422.3M at Dec 31, 2025)
- Interest Rate
- 4.125
- Maturity Date
- June 15, 2031 (convertible notes); July 21, 2028 Appian facility (extends to July 21, 2033 if subsequent draws made)
- Shares Outstanding
- 305812544
- Capex q2 2026
- C$106.2M additions to mining interests, PP&E and E&E (Cariboo ramp-up)
- Working capital
- C$670.1M
- Accumulated deficit
- C$588M
- Falco resources stake
- 16.0% (56,715,240 shares)
- Notes conversion price
- US$3.68 per common share
- Appian undrawn tranches
- US$350M subject to conditions precedent unmet at June 30, 2026
- Adjusted working capital
- C$817.3M
- Operating income q2 2026
- C$8.1M vs C$16.3M operating loss in Q2 2025
- February 2026 bought deal
- 40,607,650 shares at US$3.54; gross US$143.8M (C$196.3M) with over-allotment exercised
- Financing inflows q2 2026
- C$342.4M
- Weighted avg shares q2 2025
- 136846731
- Weighted avg shares q2 2026
- 305004581
- Double zero capital ownership
- ~15.93% non-diluted after US$50M Notes purchase
- Warrant fair value gain h1 2026
- C$119.9M (non-cash)
- Warrant fair value gain q2 2026
- C$87.0M (non-cash)
- Net cash used in operating activities q2
- C$8.9M
AI analysis
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