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Osisko Gold Group Inc. (ODV) Form 6-K — Sep 14, 2026

$ODVForm 6-KFiled Sep 14, 2026, 7:00 AM ET0001171843-26-006024Original filing

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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