Not financial Advice. Disseminated on behalf of Osisko Development Corp.
Gold Just Became “Cash”
This year, central banks are on pace to buy 1,000 tonnes of gold (their fourth record year in a row). And in July, Basel III rules officially make gold a Tier 1 liquid asset, the same status as cash.
One analyst put it bluntly: “Gold is now a Tier 1 asset… It’s about not getting poor.” Translation: the world’s biggest financial players are stockpiling, not speculating.
For investors, that shift adds serious backbone to the gold rebound and history shows the biggest beneficiaries are the miners who are actually ready to produce.
Why Osisko Development is Different
Most gold juniors are years away from building. Osisko Development (ODV) isn’t. Its flagship Cariboo Gold Project in British Columbia is fully permitted and heading into development right now.
Cariboo is built to deliver ~202,000 ounces per year for the first five years, across a 10-year mine life, with projected all-in sustaining costs of US$1,157/oz.
The economics are powerful. At US$2,400 gold, Cariboo carries an NPV of C$943M and IRR of ~22%. Push gold to US$3,300, and those numbers leap to C$2.1B NPV and IRR of 38%. Free cash flow is projected at C$296M annually in the early years and C$158M baseline across the mine life.
And Cariboo isn’t the only card on the table. Osisko also controls Tintic in Utah and San Antonio in Mexico—projects with the potential to scale production even further.
In short: Osisko isn’t chasing a dream. It’s a funded, near-term producer waiting to flip the switch.
The Near-Term Catalysts
The next big moment comes in Q3–Q4 2025, when Cariboo’s construction permit kicks the company from planning to building—and unlocks tied financing.
Meanwhile, ongoing updates from Tintic and San Antonio in 2025 give investors more shots on goal, while every tick above US$2,400 gold feeds directly into stronger cash flow.
Why the Window is Now
The biggest wins in gold investing tend to happen early—before the wider market wakes up. With gold now treated like cash itself, late-stage juniors like Osisko are positioned to attract serious attention ahead of the curve.
Your Next Step
Read Cashu’s deep-dive report on Cariboo economics, peer comparables, and Osisko’s timeline.
Watch this analysis video for a quick breakdown of the story.
Mark your calendar for Q3–Q4 updates—that’s when Cariboo’s transition from tease to takeoff is projected begins.
Disclaimer: Content provided by Cashu Technologies Pty Ltd. is for informational purposes only and is not financial advice. We are not financial advisors. This was published on behalf of Osisko Development Corp. Not investment advice. Performance not guaranteed. Readers should seek professional guidance. Osisko has paid for marketing services related to this newsletter.