Osisko Gold Group Inc. (ODV) Form 6-K — Sep 14, 2026
Osisko Gold Group's Board has made a formal positive construction decision on its 100%-owned Cariboo Gold Project in central British Columbia, targeting first gold pour in Q1 2029 and commercial production in H2 2029. The remaining go-forward capital obligation is estimated at C$990 million from August 1, 2026, up from the C$881 million initial estimate in the April 2025 feasibility study, with the construction period extended to 30 months from 24.
Key figures
- Cash Position
- C$837 million
- Gross Proceeds
- approximately US$30 million
- Offering Price
- US$3.14 per share
- Shares Offered
- 9554141
- Irr spot gold
- 42.7%
- First gold pour
- Q1 2029
- Mine life years
- 10
- Irr lt consensus
- 34.7%
- Mineral reserves
- 17,815,435 t at 3.62 g/t Au for 2,070,798 oz contained gold
- Aisc spot scenario
- US$1,202/oz
- Project completion
- 22% as of July 31, 2026
- Total uses capital
- C$1,435 million (US$1,040 million)
- Avg gold production
- 190 koz/yr life-of-mine; 202 koz/yr first 5 years
- Capital contingency
- approximately 16.5%
- Construction period
- 30 months (extended from 24 months in the 2025 FS)
- Engineering complete
- approximately 40%
- Procurement complete
- approximately 44%, with C$325 million committed to date
- Commercial production
- H2 2029
- Total sources capital
- C$1,637 million (US$1,186 million)
- Usd cad exchange rate
- C$1.38 per US$1.00
- After tax npv5 spot gold
- C$3,181 million
- Proposed prepay facility
- up to US$120 million at SOFR plus 6.00% (non-binding, under exclusivity)
- After tax npv5 lt consensus
- C$2,323 million
- Initial fs capital estimate
- C$881 million (April 2025 Feasibility Study)
- Projected surplus liquidity
- C$201 million (US$146 million)
- Go forward capital obligation
- C$990 million (US$717 million) from August 1, 2026
- Gold price assumptions usd oz
- ["US$2,400 (FS)","US$3,570 (LT consensus)","US$4,350 (spot)"]
- Avg annual fcf first 5 years spot
- C$642 million
AI analysis
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