ODV:CC - CEO Clips - Osisko Development: Advancing One of Canada's Largest Underground Gold Mines
2025-02-18 18:14:33 ET
Expanding Resources with Sustainable Mining Practices
Osisko Development is making significant strides in gold exploration and production with its recently permitted underground gold project in central British Columbia . Situated in a historic mining district , the site has undergone extensive drilling—over 800,000 meters since 2016 —solidifying its potential as a major 220,000-ounce-per-year producer . With 2 million ounces in reserves and 3.3 million ounces in total resources , the company is well-positioned for expansion.
Beyond its substantial resource base, Osisko is focused on sustainability and automation . The project benefits from BC Hydro’s Site C power , incorporating electrification to reduce its environmental footprint. With over $100 million in the bank and full mining and environmental permits secured as of November 2024, Osisko is set to move forward with construction and further exploration.
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