Osisko Development: A Golden Opportunity in the Making

Osisko Development: A Golden Opportunity in the Making

What is Osisko Development?

Osisko Development is a Canadian company that specializes in exploring for gold in the ground and turning those discoveries into real operating mines. They focus on building gold projects in safe, mining-friendly regions like Canada and the U.S. Their goal is straightforward: develop high-quality gold assets that can generate strong returns as demand for gold continues to rise.

A New Gold Producer on the Verge of Breakout

Gold prices are near all-time highs. Central banks are hoarding it. Retail demand is rising. And yet, many gold developers remain deeply undervalued.

One of the most compelling—but still under-the-radar—names in the space is Osisko Development Corp. (NYSE: ODV | TSXV: ODV). Backed by the well-known Osisko Group, this company isn’t a far-off exploration play. It’s a potential near-term producer with several advanced projects, real infrastructure, and serious upside.

Cariboo: A Flagship Asset With Billion-Dollar Potential

At the heart of Osisko Development’s portfolio is the Cariboo Gold Project in British Columbia. This project alone is projected to produce 1.87 million ounces of gold over a 10-year mine life, with average annual production of around 190,000 ounces at AISC of just US$1,157/oz [source: ODV Cariboo Feasibility Technical Report].

With gold prices currently around US$3,300/oz, the math starts to get exciting.

At today’s prices, in the first 5 years of operations Cariboo could generate over C$450 million in free cash flow per year once in production (C$296 million/year at base case $2,400/oz gold). Even after taxes, royalties, and sustaining capital, that’s a powerful cash flow engine for a company currently valued around ~US$250–300 million.

And that’s just one project.

More Than One Horse in the Race

In addition to Cariboo, Osisko Development holds:

• Tintic Project (Utah, USA) – A past-producing district located only 60 miles south of the prolific Bingham Canyon copper mine that hosts 23 past-producing mines.
• San Antonio Project (Sonora, Mexico) – Brownfield asset with heap leach potential waiting to be unlocked once open pit permitting returns in Mexico.
• Multiple satellite and exploration assets – Could extend mine life or be monetized.

This diversified pipeline means Osisko isn’t a one-asset story. It’s a multi-pronged growth platform.

Backed by the Osisko Name

Investors should take note that Osisko Development is part of the broader Osisko Group, which includes Osisko Gold Royalties and a long history of success in the gold mining sector. The original Osisko Mining was sold for C$4.3 billion to Agnico and Yamana in 2014 after building Canada’s largest open-pit gold mine (following a hostile bid from Goldcorp).

Osisko Gold Royalties — formed as a spin-out from this transaction with the original royalty on Canadian Malartic — is a C$6.7 billion market cap company today.

That credibility—and access to capital—is a major asset in an industry where execution and funding matter.

Why the Market Hasn’t Caught Up Yet

Despite strong fundamentals, Osisko Development’s valuation doesn’t yet reflect the scale of its pipeline. Part of the reason is timing—Cariboo’s full production is still a couple of years out, and permitting and financing is always a process.

But that’s exactly what creates the opportunity. As development milestones are hit—permits, construction, first gold pour—the market tends to re-rate these kinds of companies rapidly. Permits are already in hand—a major milestone for a development-stage company.

Attention is now on the financing package, which—if secured—could prove a springboard for the next leg of the journey.

Why Now?

Osisko Development is nearing several key milestones that could increase visibility and unlock value in the months ahead as the company emerges from the bottom of the Lassonde curve.

This mainly includes securing the project financing package for Cariboo, which is fully permitted—a list that is extremely short among North American projects of scale.

Ongoing updates on:

• Project development timelines
• Definition drilling and exploration at depth and on strike
• Construction and infrastructure progress

...will all provide a steady flow of value-accretive activities.

As the company moves closer to production, investor awareness and engagement typically grows. For those watching from the sidelines, this current phase—prior to project financing and full construction—represents a stage where long-term strategies are being laid down.

While there are no guarantees, some investors prefer to engage during this period of relatively low valuation and increasing news flow.

Final Thoughts

Osisko Development isn’t just a “gold stock.” It’s a near-term potential producer with a flagship project that is shovel-ready, backed by a strong management team that has built big projects in the past, and exposure to multiple mining-friendly jurisdictions.

In a gold market that’s heating up, Osisko offers leveraged upside—but with a lower-risk profile than early-stage explorers.

For investors looking to position ahead of the curve, this may be one to watch very closely.

Disclaimer

Cashu Technologies (“We” or “Us”) are not securities dealers or brokers, investment advisers or financial advisers, and you should not rely on the information herein as investment advice. Osisko Development Corp. made a one-time payment of fifty thousand dollars to provide marketing services for a term of three months. This article is informational only and is solely for use by prospective investors in determining whether to seek additional information. This does not constitute an offer to sell or a solicitation of an offer to buy any securities. All investments carry risk. Always conduct your own due diligence.