Osisko Development Corp. is a Canada‐based gold development company focused on advancing the Cariboo gold project in British Columbia. The company’s principal asset is an operating mill situated near Wells, which is designed to process ore from multiple underground and open‐pit deposits within the prolific Cariboo district. Through its wholly owned subsidiary, Barkerville Gold Mines Ltd., Osisko Development aims to transition the project from care and maintenance into commercial production.
The Cariboo gold project benefits from existing infrastructure, including a 700‐tonne‐per‐day mill, tailings storage facility and local access roads. Osisko Development’s activities encompass mine permitting, underground and surface exploration, resource definition drilling and environmental studies. The company’s technical programs are supported by a team of geologists, engineers and mining professionals working to expand mineral resources and convert inferred ounces into measured and indicated categories.
Osisko Development was created in 2019 as a spin‐out from Osisko Mining Inc. to consolidate and optimize the Cariboo assets. Since inception, the company has completed several feasibility studies, secured necessary permits and demonstrated metallurgical recoveries above 90% for gold and silver. Its projects are situated within the historic Cariboo mining camp, an area known for high‐grade mineralization and a history of gold production dating back to the 19th century.
Headquartered in Toronto, Osisko Development is led by President and CEO Andrew Cheatle, who brings more than 25 years of mining industry experience, and a board composed of professionals with backgrounds in finance, exploration and operations. The company engages with local communities and Indigenous groups in the Quesnel region and is committed to responsible mining practices, sustainability and generating long‐term value for stakeholders.
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