Quarterly ResultAug 13, 2026, 06:26 PM

Osisko Gold Group (formerly ODV) Reports Q2 2026 Results; Cash $837.3M

AI Summary

Osisko Gold Group Inc. (formerly Osisko Development Corp.) reported strong Q2 2026 financial and operating results, including approximately $837.3 million in cash and cash equivalents. The company generated $32.7 million in revenue and an operating income of $8.1 million, a substantial improvement year-over-year. Operational progress continued at the Cariboo Gold Project with ongoing pre-construction activities and extensive infill drilling, while the Tintic Project contributed 5,547 ounces of gold from small-scale mining. The company also completed a US$300.0 million convertible senior notes offering and officially changed its name to Osisko Gold Group Inc. subsequent to the quarter.

Key Highlights

Cash and cash equivalents totaled approximately $837.3 million as of June 30, 2026.
Q2 2026 revenue was $32.7 million, a significant increase from $6.9 million in Q2 2025.
The company reported an operating income of $8.1 million in Q2 2026, compared to a $16.3 million loss in Q2 2025.
Sold 5,547 ounces of gold from small-scale mining activities at the Tintic Project.
Completed a convertible senior notes offering for US$300.0 million in gross proceeds.
Completed approximately 13,684 meters of infill drilling at the Cariboo Gold Project.
Subsequent to Q2 2026, the company changed its name to Osisko Gold Group Inc.

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ODV

Precious Metals

Osisko Development Corp.

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