An updated feasibility study for Osisko Development’s (TSXV, NYSE: ODV) Cariboo gold project in British Columbia increases net present value (NPV) by 88% even as estimated capital expenditures climb by more than one-third.
Cariboo’s after-tax NPV now stands at $943 million, up from a 2023 estimate of $502 million, Osisko said Monday in a statement. Projected capital expenditures are pegged at $1.41 billion compared with $1.02 billion previously.
With probable reserves estimated at about 2.07 million oz., Cariboo is one of the few undeveloped, permitted gold projects in a developed country. It’s a key property for Montreal-based Osisko, which is focusing on reviving past-producing mining camps across North America.
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