Osisko Development Corp. (ODV)
Summary
ODV Chart
Osisko Development: The Market Is Still Treating Cariboo Like A Financing Problem
Osisko Development is transitioning from a discounted developer to a financed mine builder, with Cariboo as its fully permitted flagship project. ODV has secured C$594.3M in cash, a $450M Appian project loan, and $300M in convertible notes, significantly de-risking Cariboo's financing and construction. Cariboo's feasibility, permitting status, and low projected AISC (US$1,157/oz) position ODV favorably against Canadian underground peers.
What Makes Osisko Development Corp. (ODV) a New Buy Stock
Osisko Development Corp. (ODV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Osisko Development: A $3 Billion Gold Mine You Can Buy For $1 Billion
Osisko Development offers a fully permitted, fully funded Cariboo Gold Project in British Columbia, led by a proven mine-building team. Cariboo's feasibility study shows robust economics: AISC under $1,200/oz, NPV of C$3.25B at spot gold, and implied margins exceeding $3,600/oz. ODV trades at ~0.40x spot NAV, a significant discount to peers, presenting a compelling entry point given its de-risked funding and permitting status.
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Osisko Development Corp. Profile
| Metals & Mining Industry | Materials Sector | Sean E. O. Roosen CEO | TSX-V Exchange | CA68828E8099 ISIN |
| CA Country | 102 Employees | - Last Dividend | 2 Dec 2020 Last Split | - IPO Date |
Overview
Osisko Development Corp. is a resource-oriented company focused on the acquisition, exploration, and development of precious and base metal properties across Canada, Mexico, and the United States. With its headquarters based in Montreal, Canada, Osisko Development is primarily engaged in the exploration of gold, among other valuable minerals. The centerpiece of its exploration endeavors is the Cariboo Gold Project, sprawling across approximately 155,000 hectares with 415 mineral titles, located in British Columbia, Canada. Further extending its scope, Osisko Development Corp. also maintains a portfolio of marketable securities, showcasing a diversified investment approach within the mining sector.
Products and Services
- Cariboo Gold Project
The flagship asset of Osisko Development Corp., the Cariboo Gold Project, represents a significant undertaking in gold exploration. Located in British Columbia, this extensive project covers around 155,000 hectares and consists of 415 mineral titles. It underscores the company's commitment to discovering and developing valuable gold deposits in Canada, leveraging the region's rich mineral resources.
- Exploration for Precious and Base Metals
In addition to gold, Osisko Development Corp. engages in the exploration of precious and base metals across its diversified portfolio of properties in Canada, Mexico, and the United States. This strategy encompasses a broad spectrum of mineral exploration activities, aimed at identifying and developing deposits that can offer substantial value to the company and its stakeholders.
- Marketable Securities Portfolio
Osisko Development Corp. also holds a portfolio of marketable securities, reflecting its strategic investment in the wider resources sector. This aspect of its business enables the company to capitalize on various market opportunities and secure additional revenue streams beyond its primary exploration and development activities.
