Osisko Gold Provides Construction Progress Update on the Cariboo Gold Project
Globe Newswire•27/10/2026•07:00 ET
0
Key Highlights
- ➤Cariboo Gold targets first gold pour in Q1 2029 and commercial production in H2 2029
- ➤Project completion reaches approximately 28%, with $355 million incurred through September 30, 2026
- ➤Remaining construction cost estimated at approximately $907 million on an incurred basis
- ➤Detailed engineering is 42% complete, with over 50% of procurement packages awarded
- ➤Underground development target reduced to approximately 360 metres monthly by year-end 2026
Expert Statements
Sean Roosen, Chairman and CEO of Osisko Gold Group Inc.
“We are pleased with the progress at the Cariboo Gold Project and continue to build construction momentum following our final investment decision announced in September. By making significant investments in critical path infrastructure, detailed engineering and procurement during the pre-construction phase, we've established a solid foundation for efficient execution as construction advances.”
(All dollar amounts are expressed in Canadian dollars, unless stated otherwise)
HIGHLIGHTS * Cariboo Gold Project remains on schedule for anticipated first gold pour in Q1 2029 and commercial production in H2 2029 * Project completion estimated at ~28% based on $355 million in cumulative costs incurred to September 30, 2026, with the remaining estimated budgeted cost to complete construction of ~$907 million * Detailed engineering is ~42% complete and over 50% of procurement packages have been awarded
Get started
Create a free account to read the full story.