Osisko Development Strengthens Technical Team With Appointment of Vice President, Exploration
MWN-AI** Summary
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) announced a key enhancement to its technical team with the appointment of Mr. Scott Smith as Vice President of Exploration, effective November 1, 2025. Smith joins the company from Prime Mining Corp., where he served as Executive Vice President of Exploration until its recent acquisition by Torex Gold Resources Inc. in October 2025.
Smith's extensive 30-year career in the mining sector includes significant expertise in exploration and mine production across diverse projects in North and South America. This wealth of knowledge is expected to be invaluable as Osisko Development aims to unlock the exploration potential of its flagship Cariboo Gold Project and other properties.
In his previous roles, Smith demonstrated strong leadership by managing geological teams in both production and exploration contexts. His achievements include driving resource extension and exploration strategies at Prime Mining, particularly for the Los Reyes Project. Before that, he served as Chief Geologist at Gibraltar Mines Ltd. and managed exploration teams for Teck Resources Limited and Newmont Corporation in several countries including Peru, Chile, and Argentina. Smith also has operational experience from his tenure with Compañía Minera Antamina in Peru.
Osisko Development is focused on establishing itself as a significant player in the North American gold development sector. The company is committed to advancing the Cariboo Gold Project in British Columbia while also exploring opportunities in Utah and Mexico. By striving to minimize development risks and grow mineral resources, Osisko aims to foster responsible mining operations with a strong focus on sustainability. For more details, visit www.osiskodev.com.
MWN-AI** Analysis
The recent appointment of Scott Smith as Vice President of Exploration at Osisko Development Corp. highlights a strategic move that investors should closely monitor. Smith brings over three decades of mining industry experience, not only reinforcing Osisko’s exploration capabilities but also enhancing the potential of key projects, particularly the Cariboo Gold Project.
With a robust background that includes senior management roles in exploration and production at companies like Prime Mining Corp. and Gibraltar Mines Ltd., Smith's expertise could significantly impact Osisko’s resource growth and R&D initiatives. His track record in leading successful exploration strategies and driving resource extensions is promising for Osisko's goal to bolster its gold production ambitions across its projects in Canada, Mexico, and the U.S.
Investors should consider the implications of this appointment within the broader context of gold market trends. As global economic uncertainties persist and inflation concerns loom, gold remains a strategic asset. Companies with strong management teams and proven exploration capabilities, like Osisko, can leverage this environment to secure resources and elevate shareholder value.
Moreover, Osisko’s focus on environmentally responsible practices aligns with increasing regulatory and investor demands for sustainable mining. This strategic positioning could enhance long-term investment appeal as environmental, social, and governance (ESG) criteria gain precedence in investor decision-making.
Given this analysis, investors might view Osisko Development as a favorable opportunity, particularly with the strategic enhancement of its management team. As the company advances its ambitious goals, keeping an eye on its progress under Smith's leadership will be key, and those interested in sector investments may wish to add ODV to their watchlist for potential opportunistic entry points.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
MONTREAL, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (" Osisko Development " or the " Company ") is pleased to announce the appointment of Mr. Scott Smith as Vice President, Exploration effective November 1, 2025. Mr. Smith joins from Prime Mining Corp. where he most recently served as Executive Vice President, Exploration until its acquisition by Torex Gold Resources Inc. in October 2025.
"We are delighted to bolster our exploration team with Scott's appointment. He brings over 30 years of extensive experience in the mining sector having worked on projects across the development spectrum, and adds a complementary skill set to advance the vast exploration potential of the Cariboo Gold Project and our other properties," commented Chris Lodder, President.
Mr. Scott Smith is a registered Professional Geologist with over 30 years of experience in mine production, exploration, and advanced-stage mining projects across Canada, Mexico, Peru, Chile, and the United States. Mr. Smith has spent more than 18 years in senior management roles, leading geological teams in both mine production and exploration throughout North and South America, spanning operating mines, brownfields, and greenfield projects. Most recently, he served as Executive Vice President of Exploration at Prime Mining Corp., where he led resource extension and exploration strategies for the Los Reyes Project in Mexico, delivering significant resource growth and contributing to the company's successful sale to Torex Gold Resources Inc. Previously, he was Chief Geologist at Gibraltar Mines Ltd. (2015-2021), a major copper-molybdenum operation in central British Columbia, Canada. Earlier in his career, he managed exploration teams for Teck Resources Limited in Chile and Argentina and led district geology teams with Newmont Corporation at Minera Yanacocha in Peru. He also spent 5 years in operational roles with Compañía Minera Antamina in Peru, contributing to the mine's startup and operational geology. Mr. Smith holds a B.Sc. in Geology from the University of Alberta and is a registered Professional Geologist (P.Geo.) with APEGA in Canada.
ABOUT OSISKO DEVELOPMENT CORP.
Osisko Development Corp. is a continental North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its flagship permitted 100%-owned Cariboo Gold Project, located in central B.C., Canada. Its project pipeline is complemented by the Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico—brownfield properties with significant exploration potential, extensive historical mining data, access to existing infrastructure and skilled labour. The Company's strategy is to develop attractive, long-life, socially and environmentally responsible mining assets, while minimizing exposure to development risk and growing mineral resources.
For further information, visit our website at www.osiskodev.com or contact:
| Sean Roosen | Philip Rabenok |
| Chairman and CEO | Vice President, Investor Relations |
| Email: sroosen@osiskodev.com | Email: prabenok@osiskodev.com |
| Tel: +1 (514) 940-0685 | Tel: +1 (437) 423-3644 |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FAQ**
How will Mr. Scott Smith's extensive experience in exploration and mine production benefit Osisko Development Corp. ODV:CC in advancing the Cariboo Gold Project and its other properties?
What specific strategies does Osisko Development Corp. ODV:CC plan to implement under Mr. Smith's leadership to enhance exploration potential across its mining projects?
Can you elaborate on the expected timeline and milestones for the Cariboo Gold Project as Osisko Development Corp. ODV:CC moves forward with its exploration initiatives?
How does Osisko Development Corp. ODV:CC intend to maintain socially and environmentally responsible practices while developing its mining assets, particularly at the Cariboo Gold Project?
**MWN-AI FAQ is based on asking OpenAI questions about Osisko Development Corp. (TSXVC: ODV:CC).
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