Osisko (ODV) Reports 1Q2026 Financial and Operational Results

Osisko Development Corp. (NYSE:ODV) is one of the

8 Best Debt Free Gold Stocks to Buy.

On May 11, 2026, Osisko Development Corp. (NYSE:ODV) reported financial and operating results for the first quarter of 2026. As of March 31, 2026, the company held approximately $594.3M in cash and cash equivalents. Osisko Development also disclosed that about $153.2M, including accrued interest, remained outstanding under the initial draw of its US$450M senior secured project loan facility with funds advised by Appian Capital Advisory, which is being used to support development and construction of the Cariboo Gold Project. During the quarter, the company generated $2.2M in revenue and $0.7M in cost of sales from the sale of 270 gold ounces tied to small-scale operations at the Tintic Project. These activities included heap leaching of certain tailings and stockpile material, as well as direct shipping of mineralized material. Osisko Development reported an operating loss of $9.7M for Q1 2026, compared to a loss of $40.8M in the prior-year quarter.

Image by MayoFi from Pixabay

Earlier in May, Osisko Development Corp. (NYSE:ODV) announced the appointment of Sarah MacDonald as Vice President of Construction Contracting and Commercial, effective immediately. Chairman and CEO Sean Roosen said MacDonald’s appointment strengthens the company’s execution capabilities as it advances the Cariboo Gold Project. MacDonald brings more than 18 years of legal, contract, and corporate affairs experience and previously served as General Counsel at Dumas Contracting, a STRACON Group company, where the role focused on supporting underground mining operations across Canada, Mexico, and the United States.

Osisko Development Corp. (NYSE:ODV) acquires, explores, and develops precious metals resource properties across Canada, Mexico, and the United States.

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