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Osisko Gold Approves Construction Of $990M Cariboo Gold Project In Canada

Benzinga Newsdesk

Osisko Gold Group Inc. (NYSE:OGG, TSXV:OGG) ("Osisko Gold" or the "Company") is pleased to announce that its Board of Directors has made a formal positive decision to proceed with the construction of the

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    Osisko Gold Completes US$600 Million Aggregate Principal Amount of 9.250% Senior Secured Notes Offering

    Osisko Gold Group Inc. successfully completed a US$600 million offering of 9.250% senior secured notes due 2031. The net proceeds of approximately US$578 million will be used to repay the Appian Credit Facility (US$120.8 million), fund interest reserves, and advance construction of the Cariboo Gold Project in British Columbia, with commercial production anticipated in 2029. The offering demonstrates strong institutional investor support for the company's development strategy.

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