{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Osisko Development (TSXV:ODV) Advancing Canada's High-Grade Cariboo Gold Project Towards Production","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d8b0ffe5\"></iframe>","width":"100%","height":180,"duration":1050,"description":"Interview with Sean Roosen, Founder & CEO of Osisko Development Corp.Our previous interview: https://www.cruxinvestor.com/posts/osisko-development-building-tier-one-gold-and-copper-mines-5487Recording date: 17th September 2024Osisko Development Corporation (TSXV:ODV) is advancing its flagship Cariboo Gold Project in British Columbia, positioning itself as a compelling investment opportunity in the gold mining sector. The project, nearing final permitting stages, represents a significant near-term gold production prospect in a tier-one jurisdiction.The Cariboo Gold Project boasts impressive fundamentals:2 million ounces of gold in reservesOver 3 million additional ounces of gold in measured, indicated, and inferred resourcesHigh-grade deposit averaging 3.78 g/t goldInitial production target of 4,950 tons per day, yielding approximately 220,000 ounces annuallySean Roosen, founder of the Osisko group, emphasizes the project's exploration potential: \"We're averaging 14,000 ounces per vertical meter that we've gone down. For every 100 meters that we've gone down, we've averaged 1.4 million ounces.\" This metric suggests substantial room for resource expansion, with the deposit tested to depths beyond 1,000 meters.Osisko Development is implementing innovative technologies to enhance operational efficiency. The company pioneers the use of an all-electric roadheader, potentially reducing development costs by around $1,000 per meter. Access to low-cost hydroelectric power (approximately $0.05/kWh) further positions Cariboo as a potential low-cost producer.The project's scalability is a key attraction. Management envisions expanding production to 10,000 or even 15,000 tons per day in the future, potentially doubling or tripling annual gold output. Roosen outlines the company's ambitious goals: \"Corporately, the big target for me is to set the stage to be a $1 billion company. We have the asset base to do that.\"From a financial perspective, the project's economics appear...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}