Video News/THE Mining Investment Event of the North 2024

Proposed Cariboo Mine to run on 80% renewable energy

Investors will return to mining as commodity prices climb, said Sean Roosen, chairman and CEO of Osisko Development. In early June Roosen spoke to Kitco Mining at THE Mining Investment Event of the North. Osisko Development (TSX-V:ODV) is advancing the Cariboo project, an advanced-stage feasibility gold project located in central British Columbia in the historic Wells-Barkerville mining camp. The feasibility study from last year showed an underground operation expected to produce approximately 1.87 million ounces of gold over a 12-year mine life, with an after-tax NPV5% of C$502 million and 20.7% IRR at a US$1,700/oz gold price.

Guests: Sean Roosen
Source: Kitco Mining
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