Osisko Development Corp. Secures Project‑Management Contract for Cariboo Gold Project

Osisko Development Corp. (TSXV: ODV; NYSE: ODV) announced on 9 February 2026 that its wholly‑owned subsidiary, Barkerville Gold Mines Ltd., has entered into a definitive Project and Construction Management Services Agreement with JDS Energy & Mining Inc. (JDS). The contract will see JDS provide end‑to‑end project and construction management for the development of the Cariboo Gold Project in British Columbia.

Strategic Context

The Cariboo project is the flagship asset of Osisko’s North American portfolio. The partnership with JDS is described by Osisko’s Chairman and CEO, Sean Roosen, as an “integrated approach to project execution.” By engaging a firm that has a proven track record on Canadian and international mines—including Minto, Gahcho Kue and Sil—Osisko intends to bring disciplined planning and execution to the next phase of development.

JDS, founded in 2004 by Jeff Stibbard, is headquartered in Western Canada and specialises in delivering projects from concept through to closure, including reclamation. Its experience is expected to provide additional capacity and structure for the planning, execution and budget‑controlled delivery of Cariboo’s construction programme.

Implications for Osisko

The agreement is timely as Osisko approaches a final investment decision (FID) on the Cariboo project. A dedicated management partner is expected to accelerate the project’s schedule, mitigate execution risks, and help keep costs within budget—a critical factor for a company whose earnings are still negative (P/E ratio of –2.86).

With a market capitalisation of roughly CAD 1.47 billion and a share price of CAD 4.94 on 5 February 2026, Osisko’s share price has been volatile, ranging from a 52‑week low of CAD 1.64 to a high of CAD 5.78 in December 2025. The new contract is seen by market participants as a positive step toward unlocking value at the Cariboo site and could influence the company’s trajectory as it seeks to move from development to production.

Conclusion

Osisko Development’s decision to engage JDS for project and construction management underscores its commitment to a disciplined, on‑budget development of the Cariboo Gold Project. As the company edges closer to a final investment decision, the partnership is positioned to play a pivotal role in transforming the Cariboo asset from a development concept into a productive mine.