Mission Statement, Vision, & Core Values of Osisko Development Corp. (ODV)

Osisko Development Corp.'s (ODV) mission to become an intermediate gold producer isn't just a corporate slogan; it's a financial roadmap backed by serious capital and a focus on getting the Cariboo Gold Project into production.

Think about the hard numbers from 2025: the Cariboo project's feasibility study projects a robust after-tax Net Present Value (NPV) of $943 million, plus the company reported a strong cash position of about $401.4 million as of Q3 2025.

When you see that kind of capital-including a US$450 million project loan-how much does the stated Vision, which emphasizes being a leading, sustainable, and responsible gold company, actually influence the day-to-day allocation of funds? We need to see if their Core Values like 'Environmental Stewardship' truly align with the goal of producing an average of 190,000 ounces of gold annually.

Osisko Development Corp. (ODV) Overview

You need to understand Osisko Development Corp. (ODV) not just as a miner, but as a gold development engine, focused on bringing large, past-producing camps back online. This company, a 2020 spin-off from Osisko Gold Royalties Ltd., is leveraging a proven model to advance its flagship assets toward becoming a mid-tier North American gold producer.

The core business is acquiring, exploring, and developing precious metals properties, primarily gold, in mining-friendly jurisdictions like Canada, the U.S., and Mexico. This isn't a pure exploration play; it's about de-risking development. Their portfolio includes the advanced-stage Cariboo Gold Project in British Columbia, the Tintic Project in Utah, and the San Antonio Gold Project in Sonora, Mexico.

For the near-term, sales are generated from smaller-scale operations, specifically the re-treatment of tailings and stockpile material. The total trailing twelve months (TTM) revenue, as of September 30, 2025, stands at approximately $11.27 million CAD.

Q3 2025 Financial Performance and Growth Drivers

The latest financial results for the third quarter of 2025 (Q3 2025), reported on November 10, 2025, show a clear acceleration in their small-scale production, which is funding ongoing development. The company reported revenues of $4.4 million CAD for Q3 2025, a massive increase from just $0.2 million in the same quarter of 2024. That's defintely a year-over-year surge of over 2,000%.

This revenue spike comes directly from main product sales: the sale of 877 gold ounces from the small-scale heap leach project at the Tintic Project in Utah. To be fair, this is a drop from the 1,393 gold ounces sold in Q2 2025, which generated $6.9 million in revenue, but the focus remains on the major growth projects. The real story here is the capital secured for the future.

Here's the quick math on their financial flexibility: as of September 30, 2025, Osisko Development Corp. had approximately $401.4 million CAD in cash and cash equivalents. Plus, they secured a substantial US$450 million senior secured project loan facility with Appian Capital Advisory Limited to fund the development and construction of the Cariboo Gold Project. This capital is the engine for future growth, not current small-scale sales.

• Q3 2025 Revenue: $4.4 million CAD
• Gold Ounces Sold (Q3 2025): 877 ounces
• Cash and Equivalents (Sept 30, 2025): $401.4 million CAD
• Cariboo Project Financing Secured: US$450 million

Positioning as a Future Industry Leader

Osisko Development Corp. is positioning itself to be the next mid-tier gold producer in North America, a goal that's grounded in the strength of its flagship Cariboo Gold Project. The 2025 feasibility study for Cariboo showed a robust after-tax Net Present Value (NPV) of $943 million (at a 5% discount rate), projecting an average annual gold production of 190,000 ounces over a 10-year mine life. That's a serious asset.

The company's leadership, including Founder, Chairman, and CEO Sean Roosen, has a track record of success, having been instrumental in the development of the Canadian Malartic mine. This background provides the technical excellence and disciplined growth model that investors look for. By focusing on advancing its 100%-owned Cariboo Gold Project, which is one of the largest undeveloped gold resources in Canada, the company is building a foundation for long-term production. You can find a deeper dive into the company's foundational strategy and projects here: Osisko Development Corp. (ODV): History, Ownership, Mission, How It Works & Makes Money. Understanding this strategic blueprint is crucial to mapping their path to industry leadership.

Osisko Development Corp. (ODV) Mission Statement

You're looking at Osisko Development Corp. (ODV) not just for its assets, but for the fundamental principles guiding its transition from a developer to a mid-tier gold producer. The mission statement is your roadmap here, and it's about more than just digging up gold; it's about doing it sustainably, responsibly, and for the long haul. The company's core mission is to become a leading, sustainable, and responsible gold mining company, creating value for all stakeholders-shareholders, employees, and the communities where they operate. That's the direct takeaway.

This mission isn't some abstract corporate filler; it's the filter through which every major decision, like the $450 million project loan facility secured in 2025 for the Cariboo Gold Project, is made. It forces a balance between aggressive growth and environmental stewardship, which is defintely the right approach in today's market. You need to see how this mission breaks down into three actionable components to understand the investment thesis fully. For a deeper dive into how this all started, you can check out Osisko Development Corp. (ODV): History, Ownership, Mission, How It Works & Makes Money.

Core Component 1: Becoming an Intermediate Gold Producer

The first, most immediate component is the drive to transition from a development-stage company to a significant gold producer. This isn't just a vision; it's a concrete, near-term objective tied directly to their flagship asset, the Cariboo Gold Project in British Columbia, Canada. The 2025 Feasibility Study for Cariboo lays out the path, projecting an average annual gold production of 190,000 ounces over a 10-year mine life, with an attractive after-tax Net Present Value (NPV) of $943 million (at a 5% discount rate).

Here's the quick math on the operational efficiency: the All-in Sustaining Cost (AISC) is projected at a competitive US$1,157 per ounce. That margin is what protects shareholder value when gold prices fluctuate. This commitment is supported by real-world activity, too. In Q3 2025, the company sold 877 ounces of gold from the small-scale heap leach project at Tintic in Utah, generating $4.4 million in revenue, a clear sign of their initial production capability while the major projects are under development.

• Advance Cariboo to construction readiness.
• Leverage existing infrastructure at brownfield sites.
• Grow mineral resources efficiently.

Core Component 2: Building Sustainable and Responsible Operations

The second component is about sustainability-not just as a buzzword, but as an operational mandate. Osisko Development is committed to building modern, safe, socially, and environmentally sustainable mining operations that will support generations to come. This is crucial for de-risking projects in today's regulatory environment, especially in North America.

The company's strategy is to develop long-life assets while minimizing environmental exposure. For example, the $450 million project financing secured in 2025 is specifically structured to advance pre-construction and early works milestones at Cariboo. This capital is funding de-risking activities, including a 13,000-meter infill drill campaign to refine mine planning assumptions. That kind of upfront investment shows they are prioritizing technical diligence and environmental consideration before major construction, which is the definition of responsible development.

What this estimate hides, still, is the ongoing cost of maintaining social license. But the commitment is clear:

• Prioritize safety and modern mining techniques.
• Minimize environmental footprint.
• Ensure long-term viability for surrounding communities.

Core Component 3: Creating Value Through Reciprocal Relationships

The final, and arguably most important, component is the core value of building and maintaining relationships based on reciprocity. This means ensuring mutual benefits for all stakeholders, including First Nations, local communities, and partners, to create a lasting legacy. In mining, your social license to operate (SLO) is as valuable as your resource estimate, and it's earned through trust.

The company actively engages with local communities and partners, striving to leave a positive impact through strategic community investments. This isn't just charity; it's a risk mitigation strategy. A delay in permitting due to poor community relations can cost millions, so this focus on reciprocity is a hard-nosed financial decision. By the end of Q3 2025, the company had a strong cash and cash equivalents position of approximately $401.4 million, which provides the financial flexibility needed to execute these community and development programs simultaneously. This financial strength allows them to be a reliable partner, not a desperate one.

Osisko Development Corp. (ODV) Vision Statement

You're looking for a clear map of Osisko Development Corp.'s (ODV) direction, and frankly, their vision for 2025 is less about abstract goals and more about concrete execution in North American gold development. The direct takeaway is this: Osisko Development is laser-focused on transitioning from a developer to an intermediate gold producer, specifically by de-risking and building out the Cariboo Gold Project while maintaining a strong commitment to sustainable operations. This isn't just mining; it's about building a multi-generational asset.

Their core vision, as of November 2025, is to become a leading, sustainable, and responsible gold mining company. This breaks down into three actionable pillars: aggressive, responsible project advancement, creating significant shareholder value, and ensuring a lasting, positive legacy in the communities where they operate. To see how this mission has evolved, you can check out Osisko Development Corp. (ODV): History, Ownership, Mission, How It Works & Makes Money.

Pillar 1: Becoming an Intermediate Gold Producer

The primary financial and operational goal is to become an intermediate gold producer, and the Cariboo Gold Project in British Columbia, Canada, is the engine for that growth. The company's strategy centers on revitalizing past-producing mining camps, which minimizes some of the early-stage exploration risk. They are defintely moving capital to where it counts to make this happen.

The 2025 Feasibility Study (FS) for Cariboo, released in April, shows a clear path to value creation. The project boasts an after-tax Net Present Value (NPV) of $943 million (at a 5% discount rate), with an unlevered after-tax Internal Rate of Return (IRR) of 22.1%, based on a US$2,400 per ounce gold price assumption. Here's the quick math: that NPV figure is the market's best indicator of the project's intrinsic value right now. The plan projects an average annual gold production of 190,000 ounces over a 10-year mine span, with an average All-in Sustaining Cost (AISC) of US$1,157 per ounce, which is competitive in the current gold price environment.

• Fund development with $401.4 million cash on hand (Q3 2025).
• Advance Cariboo with $137.2 million (US$100.0 million) draw from the Appian facility.
• Target 190,000 ounces average annual gold production from Cariboo.

Pillar 2: Strategic De-Risking and Capital Allocation

The company's near-term actions show a realist approach to financing and de-risking their flagship asset. You saw this in Q3 2025, where they secured a massive US$450 million senior secured project loan facility from Appian Capital Advisory Limited for the Cariboo Gold Project. This significant debt financing is a critical vote of confidence from a sophisticated capital provider.

Plus, they completed private placements totaling approximately $280.4 million in gross proceeds, with an additional $82.5 million subsequent to the quarter. This capital injection is being used to advance pre-construction and underground mine development activities. What this estimate hides, however, is the ongoing need for capital in a development-stage company; they are burning cash to build the mine. On the smaller scale, their Tintic Project in Utah generated $4.4 million in revenue in Q3 2025 from the sale of 877 ounces of gold through a small-scale heap leach project, providing a modest, immediate cash flow stream while the major project is built.

Pillar 3: Sustainable and Reciprocal Stakeholder Engagement

Osisko Development's core values are directly tied to their vision of being a sustainable and responsible operator. This isn't just a compliance exercise; it's a foundational element of their long-term license to operate, especially in politically sensitive jurisdictions like British Columbia, Canada.

Their commitment is structured around three key areas:

• Good Neighbour: Aspire to leave a lasting, positive impact through strategic community partnerships and ethical operations. The value here is building relationships based on reciprocity, ensuring mutual benefits for all stakeholders, including First Nations and local communities.
• Engaged Workforce: Support an Engaged Workforce that values safety, diversity, and technical excellence. Protecting employees and the public by delivering an industry-leading health and safety program is non-negotiable.
• Environmental Stewardship: Demonstrate an unwavering commitment to respecting the land and acting responsibly to protect and restore the natural environment. This means operating efficiently to conserve resources and minimize their footprint for current and future generations.

This focus is a necessary trend in modern mining. For you as an investor or strategist, it means less risk from regulatory delays or community opposition down the line. It's an investment in stability.

Osisko Development Corp. (ODV) Core Values

You need to know where Osisko Development Corp. (ODV) is putting its capital and its focus, because that tells you where the returns will come from. The company's strategy for becoming a North American intermediate gold producer isn't just about geology and ounces; it's anchored in three core values-Good Neighbour, Environmental Stewardship, and Engaged Workforce-that directly de-risk its major projects, like the Cariboo Gold Project in British Columbia. Honestly, in mining, social license is as critical as the gold grade.

For a deeper dive into the company's history and business model, you can check out Osisko Development Corp. (ODV): History, Ownership, Mission, How It Works & Makes Money.

Good Neighbour: Reciprocity and Community Investment

Osisko Development Corp. understands that a mine is a long-term commitment, so its core value of being a Good Neighbour centers on reciprocity-ensuring mutual benefits for all stakeholders, not just shareholders. This isn't corporate speak; it's a necessary operational reality that secures the social license to operate, especially in historical mining districts like the Cariboo region in Canada or the Tintic Project in Utah. You can't build a $943 million after-tax Net Present Value (NPV) project, as projected for Cariboo in the 2025 Feasibility Study, without community buy-in.

This commitment translates into strategic community partnerships and ethical operations. The goal is to leave a lasting, positive impact, which means moving past simple donations to create shared value. This focus on local relationships helps mitigate the non-technical risks that can delay projects for years, protecting the significant capital raised in 2025, which included approximately $280.4 million in gross proceeds from private placements in Q3 alone.

• Act with integrity to maintain community trust.
• Ensure open communication with First Nations and local communities.
• Make strategic investments for sustainable local growth.

Environmental Stewardship: Sustainable and Efficient Operations

The Environmental Stewardship value is about respecting the land and acting responsibly to protect and restore the natural environment. For a modern gold developer, this means integrating sustainability into the project design from the start, which is a smart financial move, actually, because it lowers long-term closure and remediation costs. The Cariboo Gold Project is a prime example, aiming to be a modern, environmentally sustainable operation that supports generations.

In 2025, Osisko Development Corp. demonstrated this through specific technical initiatives. For instance, in July 2025, the company announced positive results from an ore sorting testing program conducted on a bulk tonnage sample from the Cariboo Gold Project. Ore sorting is a technology that removes waste rock before it gets processed, which dramatically reduces the total energy consumption, water use, and the volume of tailings produced. That's a defintely a clear, measurable commitment to resource conservation.

Engaged Workforce: Safety, Diversity, and Positive Culture

The third core value, Engaged Workforce, commits to the health, safety, and happiness of its people. In the mining sector, safety isn't just a compliance issue; it's an operational metric. High safety standards reduce lost-time incidents, which keeps project timelines on track and minimizes insurance costs. The company delivers an industry-leading health and safety program to protect employees and the public.

Beyond safety, the company values diversity to achieve long-term success. A diverse team brings varied technical expertise and perspectives, which is crucial when you are trying to revitalize past-producing mining camps using advanced exploration techniques. The company is currently advancing a 13,000-meter infill drill program at the Cariboo Gold Project, a massive undertaking that requires technical excellence and a highly skilled, engaged team to execute efficiently. As of September 30, 2025, the company had approximately $401.4 million in cash and cash equivalents, and a large part of that capital is funding the people and programs that uphold this value.

• Protect employees with an industry-leading safety program.
• Value diversity to enhance long-term business success.
• Create a positive, engaged work environment.