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Osisko Development Announces Positive Feasibility Study Results for the Cariboo Gold Project

Osisko Development Corp.
  • 163,695 Ounces of Average Annual Gold Production Over 12 Year Mine Life
  • Bulk Tonnage UG Mining with Ore Sorting to Minimize Cost & Environmental Footprint
  • Initial Probable Mineral Reserves of 2.03 Moz of Gold (16.7 Mt at 3.78 g/t Au)
  • After-tax NPV5% of C$502 Million and 20.7% IRR (unlevered) at US$1,700/oz Au
  • EA Certificate Process Progressed to Final Effects Assessment Phase


Figure 1: Cariboo Gold Project Production Profile

Figure 2: Summary of Steps Required to Obtain an EAC

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