Mining
Friday, July 26th, 2024 1:45 pm EDT
Key Points
- Resumption of Operations at Cariboo Gold Project: Osisko Development Corp. announced that the wildfire evacuation order issued on July 22, 2024, has been lifted, allowing normal operations and site activities at the Cariboo gold project to resume immediately.
- Infrastructure and Access Roads Unaffected: The company confirmed that the mine site infrastructure was unaffected by the wildfires and that all access roads to the project are accessible, enabling the return of non-essential employees.
- Gratitude and Monitoring Efforts: Osisko Development expressed gratitude to emergency services personnel fighting the forest fires and extended thoughts to affected communities. The company will continue to monitor the wildfire situation to ensure the safety of its employees.
Osisko Development Corp. has noted that the previously issued wildfire evacuation order announced on July 22, 2024, has been lifted by the BC Wildfire Service. Normal course operations and site activities at the company’s 100-per-cent-owned Cariboo gold project will resume immediately following the return of non-essential employees to site. The mine site infrastructure was unaffected by the wildfires, and all access roads to the project are accessible. Osisko Development would like to thank all emergency services personnel who are on the front lines fighting the forest fires impacting British Columbia and, more broadly, in Canada, and extends its thoughts to the communities that have been, and continue to be, affected by these fires. The company will continue to closely monitor the wildfire situation to ensure the safety and welfare of its employees.
About Osisko Development Corp.
Osisko Development is a North American gold development company focused on past-producing mining camps located in mining-friendly jurisdictions with district-scale potential. The company’s objective is to become an intermediate gold producer by advancing its 100-per-cent-owned Cariboo gold project in central British Columbia, Canada, the Tintic project in the historical East Tintic mining district in Utah, United States, and the San Antonio gold project in Sonora, Mexico. In addition to considerable brownfield exploration potential of these properties, which benefit from significant historical mining data, existing infrastructure and access to skilled labour, the company’s project pipeline is complemented by other prospective exploration properties. The company’s strategy is to develop attractive, long-life, socially responsible and environmentally sustainable mining assets, while minimizing exposure to development risk and growing mineral resources.
We seek Safe Harbor.
