Osisko Gold has released progress details on its Cariboo Gold Project, highlighting the construction timeline and financial status. The project is on schedule for its anticipated first gold pour, expected in the first quarter of 2029. This update is significant as it outlines the progress towards the anticipated commercial production, which is projected to begin in the second half of 2029.
As of September 30, 2026, the Cariboo Gold Project is reported to be about 28% complete, indicating that substantial work has been done since the initiation of the project. The cumulative costs incurred to date are approximately $355 million, which helps provide insight into the financial investment and resource allocation for the project thus far. The remaining budgeted costs are expected to cover the completion of the various phases required to fully develop the site and reach production goals.
Osisko Gold emphasizes its commitment to maintaining the project timeline and ensuring the successful transition to production. The prospective value of the Cariboo Gold Project is significant for both Osisko and the local economy, and the company's updates are likely to be closely monitored by stakeholders and investors looking for developments in the Canadian mining sector.
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