24/7 Market News Snapshot 06 May, 2025 – Osisko Development Corp. (NYSE:ODV)

May 6, 2025

DENVER, Colo., 06 May, 2025 (www.247marketnews.com) – (NYSE:ODV) are discussed in this article.
Osisko Development Corp. has recently experienced a notable surge in trading activity, starting the day at $1.82 and increasing by 12.01% to reach a current trading price of $2.005. This upward trajectory reflects favorable market sentiment, with impressive trading volume of 1.47 million shares suggesting heightened investor interest. A breakout above the $2 mark may indicate additional bullish potential, drawing in momentum traders. Key support is expected at the opening price, with resistance likely to be challenged around the psychological threshold of $2.10. Investors are advised to closely monitor these levels for potential profit-taking opportunities or additional entry points, as the stock displays strong trend strength.

In conjunction with this market performance, Osisko Development also reported its financial and operational results for the first quarter ending March 31, 2025. The company boasts a solid financial position with approximately $77.6 million in cash and cash equivalents, which underscores its strong foundation as it pursues crucial development milestones.

The quarter saw significant advancements with the appointments of Mr. David Rouleau as Vice President of Project Development and Mr. Philip Rabenok as Vice President of Investor Relations. These strategic enhancements in leadership will support the ongoing progress of the flagship Cariboo Gold Project, as evidenced by a recently released optimized feasibility study revealing an impressive after-tax net present value of $943 million and an internal rate of return of 22.1% based on a gold price assumption of $2,400/oz.

The feasibility study outlines plans for an average annual gold production of around 190,000 ounces over a ten-year mine life, with significant initial production expected in the first five years. Designed as a low-impact underground mining operation, the project is poised for potential future expansions, with an estimated initial capital cost of $881 million. Osisko Development is actively exploring various funding avenues to secure a financing package to kick-start construction activities in the latter half of 2025. Through robust pre-construction efforts and the completion of a successful bulk sampling program, Osisko is committed to creating lasting value within the gold sector for its stakeholders.

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