A Gold Development Story That Stands Out in Today’s Market
Big news on the way?
Not investment advice. Disseminated on behalf of Osisko Development Corp. (NYSE: ODV | TSX-V: ODV).
There aren’t many gold developers left in North America that are actually ready to build a mine. Not the stories “working toward permits.” Not the ones that still need another study. I’m talking about a true shovel-ready project with permits in hand, a Feasibility Study locked in, and a team that has already built a multi-billion-dollar mine before.
That’s Osisko Development.
A roughly C$900 million company sitting on a fully permitted, construction-ready gold project in British Columbia that could produce 190,000 ounces a year… at a time when gold is trading above US$4,000 per ounce.
It’s a bizarre setup. The kind you rarely see this late in a gold cycle. And the disconnect between what Osisko is and how the market is valuing it is exactly why the next few months matter so much.
The story starts with Cariboo
Most gold projects in North America are stuck somewhere between “almost permitted,” “waiting on permits,” or “might get permits someday.” Cariboo is none of those things.
It is fully permitted.
It has a completed Feasibility Study.
It is ready to break ground as soon as financing is finalized.
That alone puts Osisko Development in a category with almost no peers.
Cariboo is a high-grade, underground gold project with a decade-long mine plan and average production of 190,000 ounces per year. At a base-case gold price of US$2,400, Cariboo delivers a post-tax NPV of C$943 million. At gold’s current level, that NPV jumps above C$2 billion.
These aren’t promotional numbers. They’re feasibility-level economics vetted by regulators, engineering firms, and one of the most experienced teams in the sector.
Permitted. Construction-ready. High margin. In a Tier-1 jurisdiction.
This is not a typical junior developer.
The team behind Canada’s largest gold mine
It’s impossible to talk about Osisko Development without mentioning Sean Roosen.
He was the architect behind Canadian Malartic, the largest gold mine ever built in Canada and one of the most successful mining developments of the past two decades. Roosen knows what it takes to move a project from idea to construction to production, and Cariboo is his next flagship.
That alone explains the pace.
Permits secured.
Feasibility done.
Financing advanced.
Exploration still ongoing to unlock even more upside.
It’s the exact blueprint he used before.
Why Cariboo matters now
The timing is almost too perfect.
Gold is breaking all-time highs.
Central banks are buying more gold than they have in half a century.
Developers that are allowed to build mines are becoming extremely rare.
Osisko Development has already cleared the regulatory gauntlet. The company isn’t waiting on approvals. It’s waiting on financing — and even that box is halfway checked, thanks to a US$450 million package already lined up with Appian Capital Advisory, one of the most respected technical funds in global mining.
Once the final investment decision is made, Osisko moves from “permitted story” to “construction story.” The market tends to reward that shift very quickly.
Cariboo is built to scale
What makes Cariboo especially compelling is that the current mine plan isn’t the whole story. The project sits on nearly half a million contiguous acres of mineral claims in one of the richest gold belts in Canadian history. Multiple zones remain untested. Exploration has only scratched the surface.
The existing Feasibility Study outlines 1.89 million ounces of gold reserves. That’s the foundation. The expansion potential is what makes Cariboo interesting to the majors.
This is the type of project that doesn’t just get built. It grows.
The valuation gap
Here’s where things get interesting.
Osisko Development trades around a C$900 million basic market cap.
Now compare that to two peers:
Artemis Gold, valued at over US$5 billion.
G-Mining Ventures, valued at nearly US$4 billion.
Both are building or operating projects similar in scale to Cariboo. Both trade at many multiples of Osisko’s valuation.
Cariboo already has permits.
Cariboo already has a Feasibility Study.
Cariboo already has financing advanced.
The market simply hasn’t revalued the company.
Tintic and San Antonio add even more torque
While Cariboo is the main event, Osisko also controls Tintic in Utah and San Antonio in Mexico — two district-scale opportunities with meaningful exploration potential.
Tintic sits in one of the most prolific historic mining districts in the western US. Early drilling at the Trixie deposit has already delivered high-grade gold, and the district’s porphyry and carbonate replacement potential remains wide open.
San Antonio is a past-producing gold-copper project in Sonora with a multi-zone resource and room to grow once permitting advances.
Neither of these assets is currently priced into the stock in any meaningful way. Cariboo alone carries most of the valuation.
The bottom line
Osisko Development is sitting at the edge of a major transition. A fully permitted, construction-ready project in a Tier-1 jurisdiction with feasibility-level economics and a world-class team behind it.
Projects like this are extremely rare.
Projects like this during a gold bull market are even rarer.
And projects like this trading at an early-stage valuation are almost unheard of.
The next phase — construction financing, investment decision, and the start of build-out — is where the re-rating typically happens.
For retail investors looking for one of the most interesting development stories in the sector, Osisko Development is standing in the right place at the right time, with the right asset, and the right team.
Disclaimer:
This content was produced on behalf of Osisko Development Corp (TSXV:ODV OTC:ODV) and sponsored by the company. The influencer was compensated by Research Stock Digest. to create this content. This is not financial advice, and viewers are encouraged to consult a financial professional before making investment decisions. Investing in companies involves significant risks, and past performance does not guarantee future results. Please do your own research.