Video News/Xplor 2026

Osisko Metals is expanding its 2026 drilling campaign at Gaspé Copper in Quebec from 50,000 to approximately 70,000 metres, with CEO Robert Wares anticipating significant resource growth. Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Wares discusses the company's recently closed C$25 million flow-through financing and plans for another 50,000 metres of drilling in 2027, primarily focused on upgrading inferred resources to the indicated category. Osisko expects an interim mineral resource estimate incorporating Porphyry Mountain in late 2026, followed by a broader update in late Q1 or early Q2 2027 and a preliminary economic assessment targeted for year-end. Engineers are also evaluating whether higher-grade underground mineralization at Porphyry Mountain could enter Gaspé Copper's future mine plan earlier than previously envisioned. Wares also addresses power and tax-credit uncertainties slowing feasibility work at Pine Point and the planned Osisko Critical Minerals spinoff.