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Osisko Gold Reports Third Quarter 2026 Results

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  • Osisko Gold Group Inc. completed its name change & began trading under the symbol "OGG" on the TSXV & NYSE on July 20, 2026.
  • The company reported approximately $1,501.9 million in cash, restricted cash, & marketable securities as of September 30, 2026, including $733.7 million in cash & cash equivalents.
  • Total debt outstanding as of September 30, 2026, consists of US$300 million in 4.125% convertible senior notes & US$600 million in 9.250% senior secured notes.
  • The company sold 3,162 ounces of gold from small-scale test mining at the Tintic Project during Q3 2026, generating $19.3 million in revenue & $3.8 million in operating income.
  • A final investment decision was made to proceed with formal construction of the Cariboo Gold Project, targeting a first gold pour in Q1 2029 & commercial production in H2 2029.
  • The Cariboo Gold Project's go-forward capital obligation estimate was updated to $990 million, with approximately $355 million incurred to date & ~$907 million remaining.
  • Sixteen drill rigs are currently active at the Cariboo Gold Project across surface, underground, & regional exploration programs.
  • The company closed a US$600 million offering of 9.250% Senior Secured Notes & used the proceeds to repay & terminate the Appian 2025 Financing Facility.
  • An equity private placement of 9,554,141 shares was closed with Trafigura (via affiliate Urion) for gross proceeds of approximately US$30 million at $3.14 per share.
  • Elijah Tyshynski assumed the role of Chief Financial Officer on October 1, 2026, succeeding Alexander Dann.
  • Cameron Carter was appointed VP, Construction Operations at Barkerville Gold Mines, while Sarah Harrison departed as VP, Permitting & Compliance.
  • The company entered into offtake agreements with Trafigura for 100% of gold concentrate & doré for the first four years of Cariboo production.
  • The Tintic Project launched the Eureka Standard underground ramp project with a budget of approximately US$14.0 million to support future exploration.
  • A Support & Benefits Agreement was signed with the District of Wells, British Columbia, committing up to $3.0 million in voluntary contributions over three years.
Company
Osisko Gold Group Inc.
Keywords
TSX Venture Exchange:ODV, Osisko Gold Group Inc., osisko, mining, cariboo