Osisko announces positive FS results for its Cariboo gold project with after-tax NPV of C$502M

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The project is expected to generate C$502 million after-tax net present value at a 5% discount rate at a base case gold price of US$1,700 per ounce, with 20.7% after-tax internal rate or return and C$901 million cumulative after-tax life-of-mine free cash flow. Concurrently, underground development will advance to ramp up operations to 4,900 tpd in year four, increasing average annual production to 193,798 ounces in Phase 2, with potential to scale production further in the future.

Importantly, Osisko noted that the company remains on track for completing the environmental assessment process early in the second quarter of 2023 and anticipates receiving final permits by the end of 2023.

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