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Stock impact report

Osisko Development Reports Third Quarter 2024 Results

Osisko Development Corp. Common Shares (ODV) 
Company Research Source: GlobeNewswire
(All monetary references are expressed in Canadian dollars, unless otherwise indicated) MONTREAL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") reports its financial and operating results for the three months ended September 30, 2024 ("Q3 2024"). Q3 2024 HIGHLIGHTS Operating, Financial and Corporate Updates: As at September 30, 2024, the Company had approximately $40.8 million in cash and cash equivalents. An amount of approximately $67.7 million (US$50.0 million) was fully drawn as at September 30, 2024 under the delayed draw term loan with National Bank of Canada maturing October 31, 2025. Following the completion of the non-brokered private placement on October 14, 2024 (see Subsequent to Q3 2024) and pursuant to the credit facility agreement, the Company completed a mandatory prepayment of US$4.6 million on October 29, 2024. 47 ounces of gold sold by the Company from operating activities in the third Show less Read more
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