Key facts
| Company | Osisko Gold Group Inc. (TSXV: OGG) |
|---|---|
| Commodity | Gold |
| Location | USA |
| Stage | Early exploration |
About Cariboo Gold Project
A Feasibility Study on the Cariboo Gold Project, released in April 2025, envisions a robust and scalable underground operation expected to produce approximately 1.89 million ounces of gold over a 10-year mine life, with an after-tax NPV5% of C$943 million and 22.1% IRR at a US$2,400/oz gold price (after-tax NPV5% of C$2,066 million and 38.0% IRR at a US$3,300/oz gold price). The Project received an Environmental Assessment Certificate on October 10, 2023, in accordance with the BC Environmental Assessment Act (2018). Receipt of the EA Certificate successfully concluded the EA process for the Project, which was launched in October 2019. The Company was granted the BC Mines Act and Environmental Management Act permits in Q4 2024.
News releases38 on file
Osisko Gold Provides Construction Progress Update on the Cariboo Gold Project
Osisko Gold Group provided a construction progress update on its 100%-owned Cariboo Gold Project in British Columbia, reporting about 28% overall completion based on approximately $355 million incurred through September 30, 2026, with an estimated remaining cost to complete of approximately $907 million. The company said the project remains on schedule for first gold pour in Q1 2029 and commercial
CorporateOsisko Gold Intersects 728 Gt Au Over 1615 M 105 M Vertical Depth Including 17366 Gt Au Over 060 M And 713 Gt Au Over 1160 M 61 M Vertical Depth In Lowhee Zone Underground Infill Drilling At Cariboo Gold Project
Underground infill drilling in the Lowhee Zone at the Cariboo Gold Project in central British Columbia returned 7.28 g/t Au over 16.15 m (~105 m vertical depth), including 173.66 g/t Au over 0.60 m, and 7.13 g/t Au over 11.60 m (~61 m vertical depth), from 3,933 m in 36 holes drilled from the 1290 m level. The continuing underground mine development contract was awarded to JDS Energy & Mining Inc.
Drill resultsOsisko Gold Announces Pricing of Upsized US$600 Million 9.250% Senior Secured Notes Offering to Refinance Appian Project Financing Facility and Advance Cariboo Gold Project
US$600 million of 9.250% senior secured notes due October 1, 2031 have been priced at an issue price of 100.0%, upsized from the previously announced US$500 million, with closing expected September 30, 2026. Net proceeds will repay and terminate the Appian Capital credit facility using approximately US$120.9 million, fund an interest reserve account covering the first five interest payments, and f
FinancingOsisko Gold Announces Proposed US$500 Million Senior Secured Notes Offering to Refinance Appian Project Financing Facility and Advance Cariboo Gold Project
An offering of US$500 million aggregate principal amount of senior secured notes due 2031 is planned, subject to market and other conditions, guaranteed by certain subsidiaries including Barkerville Gold Mines Ltd. and secured by a first priority lien. Approximately US$120.9 million of net proceeds will repay and terminate the Appian Credit Facility, with the remainder funding a segregated interes
FinancingOsisko Gold Announces Amendment to US$450 Million Appian Credit Facility and Satisfaction of Key Technical Conditions Precedent Following Successful Completion of the Lowhee Infill Drill Program at the Cariboo Gold Project
An amended and restated credit agreement with funds advised by Appian Capital Advisory Limited covers the US$450 million senior secured project loan facility for the fully permitted, 100%-owned Cariboo Gold Project in central British Columbia. Interest margins fall to SOFR plus 9.00% on the initial draw, with the 0.10% SOFR adjustment eliminated, and SOFR plus 7.25% for the second draw, alongside
FinancingOsisko Gold Confirms Presence of Mineralized System with Open Pit Potential at the Proserpine Target on the Cariboo Gold Project's Regional Property; Exploration Drilling Highlights Include 95.93 g/t Au over 4.60 m at 71 m Vertical Depth and 5.46 g/t Au over 8.60 m at 77 m Vertical Depth
Drilling of 6,463 m in 14 holes at the Proserpine target, 7 km southeast of the Cariboo Gold deposit in central British Columbia, returned 95.93 g/t Au over 4.60 m at 71 m vertical depth (including 873.00 g/t Au over 0.50 m), 5.46 g/t Au over 8.60 m at 77 m depth, and 2.17 g/t Au over 14.45 m at 431 m depth. Known mineralization now covers about 1.0 km by 0.5 km. A further 26,500 planned metres ar
Drill resultsOsisko Development Extends Gold Mineralization at Cariboo Gold Project Beyond 700 m Vertical Depth in Previously Untested Areas; Intercepts Include 13.19 g/t Gold Over 3.60 m at 596 m Vertical Depth and 28.90 g/t Gold Over 0.50 m at 718 m Vertical Depth
Eleven surface diamond drill holes totalling 8,971 m at the Cariboo Gold Project in central British Columbia returned intercepts outside the current mineral resource including 13.19 g/t Au over 3.60 m at 596 m vertical depth, 6.17 g/t Au over 7.10 m at 517 m, 6.40 g/t Au over 6.30 m at 326 m and 28.90 g/t Au over 0.50 m at 718 m. Five rigs continue testing down-dip to a maximum 800 m vertical dept
Drill resultsOsisko Development Reports Contractor Fatality at the Cariboo Gold Project
A contractor working at surface suffered a fatal injury on January 22, 2026 following an isolated incident at the Cariboo Gold Project in central British Columbia, Canada. Authorities were notified and an investigation is underway. Activities at the Project have been temporarily suspended to allow for the investigation, with further information to be provided in due course.
NewsOsisko Development Launches Fully-Funded 70,000-Meter Exploration Drilling Campaign Targeting New Discoveries at Cariboo Gold Project
A fully-funded 70,000-meter exploration drilling campaign has begun at the 100%-owned Cariboo Gold Project in central British Columbia, with two rigs operating and plans to ramp up to six rigs through the end of 2026. Initial targets include Cariboo Deep (~10,000 m, 11 holes testing to 800 m vertical depth), Proserpine Mountain (~20,000 m, more than 30 holes), Barkerville Mountain, and ~10,000 m a
Drill resultsOsisko Development Closes C$82.5 Million Private Placement
A private placement of 15,409,798 common shares closed for gross proceeds of approximately C$82.5 million, comprising 2,990,000 national flow-through shares at C$6.69, 1,444,000 BC flow-through shares at C$6.93, 4,182,000 common shares at C$4.78 under the LIFE exemption, and 6,793,798 common shares at C$4.78 in a concurrent placement. Proceeds from common shares will fund construction of the Carib
Financing