Osisko Gold's Cariboo project reaches 28% completion
Bitget2026/10/27 11:04- Osisko Gold's Cariboo project remains on schedule for first gold in Q1 2029, with commercial production in H2 2029.
- Construction was approximately 28% complete as of September 30, 2026, based on cumulative costs of CAD 355 million.
- Estimated remaining construction costs total approximately CAD 907 million, net of leases and estimated pre-production revenue.
- Detailed engineering is approximately 42% complete, with more than 50% of procurement packages awarded.
- Underground development is expected to reach 360 meters monthly by year-end 2026, down from 500 meters previously, reflecting slower Valley portal excavation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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