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ODVWZ

Osisko Development Corp. Warrant expiring 5/27/2027

ODVWZ

Osisko Development Corp. Warrant expiring 5/27/2027 • NASDAQ
$0.25 ▲ 4.17% (+0.01)
Market Cap $29.75 M
52w High $0.25
52w Low $0.19
Dividend Yield 0%
P/E 0
Volume 1.50K
Outstanding Shares 118.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.409M ▼ $43.863M ▲ $-150.282M ▼ -3.409K% ▼ $0 $-144.55M ▼
Q2-2025 $6.859M ▲ $21.277M ▼ $-47.404M ▼ -691.121% ▼ $0 $-40.287M ▼
Q1-2025 $0 $42.725M ▲ $-37.33M ▼ 0% $0 $-30.859M ▼
Q4-2024 $0 ▼ $23.487M ▲ $-15.811M ▲ 0% ▲ $0 $-9.414M ▲
Q3-2024 $161K $15.624M $-33.864M -21.034K% $0 $-26.14M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $401.351M ▲ $1.163B ▲ $616.831M ▲ $546.668M ▲
Q2-2025 $46.298M ▼ $783.738M ▼ $298.905M ▲ $484.833M ▼
Q1-2025 $77.597M ▼ $816.756M ▼ $284.415M ▼ $532.341M ▼
Q4-2024 $106.653M ▲ $856.902M ▲ $286.273M ▲ $570.629M ▲
Q3-2024 $40.813M $767.032M $238.164M $528.868M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-150.282M ▼ $-3.846M ▲ $-8.481M ▲ $369.363M ▲ $355.053M ▲ $-15.039M ▲
Q2-2025 $-47.404M ▼ $-20.585M ▼ $-13.262M ▲ $-807K ▲ $-31.299M ▼ $-33.847M ▼
Q1-2025 $-37.33M ▼ $-12.504M ▲ $-14.443M ▼ $-1.945M ▼ $-29.056M ▼ $-27.837M ▲
Q4-2024 $-15.811M ▲ $-17.735M ▼ $-6.549M ▲ $86.021M ▲ $65.84M ▲ $-29.329M ▼
Q3-2024 $-33.864M $-12.261M $-12.274M $31.879M $7.133M $-21.936M

Five-Year Company Overview

Income Statement

Income Statement The company is still very much in the development phase, with essentially no recurring revenue and only brief, modest revenue in prior years. Operating results have been consistently in the red, reflecting ongoing project spending, exploration, corporate costs, and no offsetting production income yet. Losses have been fairly steady over time rather than exploding higher, but the core picture remains the same: this is a pre‑production mining developer that has not yet built a profitable operating business.

Balance Sheet

Balance Sheet The balance sheet shows a small asset base for a mining developer, with a meaningful portion tied up in projects and related assets rather than cash. Cash has moved around over the years but has recently improved from a low point, giving the company a bit more breathing room in the near term. Debt levels are low, which reduces financial strain, but shareholders’ equity has trended down from earlier years, indicating that accumulated losses are slowly eroding the capital base. Overall, the balance sheet is lean, with limited buffers if projects are delayed or costs rise.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, which is typical for a developer without producing mines. Free cash flow is more negative than operating cash flow because of ongoing investment in projects and infrastructure, although capital spending has eased from the peak build‑out period. The business is clearly dependent on external funding—through equity, partnerships, or other financing—to keep advancing projects until meaningful production cash flow is established.

Competitive Edge

Competitive Edge Competitively, Osisko Development is trying to differentiate itself by focusing on revitalizing historic, past‑producing mining camps in Canada and the U.S., instead of riskier early‑stage greenfield exploration in remote areas. It leans on a management team with prior success in building large mines, which helps with technical decisions, permitting, and financing. The portfolio is concentrated in a few district‑scale projects (notably Cariboo and Tintic), which could be powerful if they work but also concentrate risk if they disappoint. Strong attention to environmental and social practices, and operating mainly in stable jurisdictions, helps its standing with regulators, communities, and many institutional investors.

Innovation and R&D

Innovation and R&D The company’s “R&D” is expressed through mining innovation rather than lab research. It is pushing advanced ore sorting using X‑ray and AI to upgrade ore before milling, aiming to cut costs and waste. At Cariboo, it plans a largely electric, mechanized underground operation that taps into low‑carbon hydro power, which can improve both costs and environmental footprint. At Tintic, it uses 3D modeling of extensive historical data to guide modern drilling, trying to extract more value from old camps with new tools. A phased development approach—starting smaller, then scaling—acts as a real‑world testing and learning loop, helping refine plans and reduce technical and financial risk over time.

Summary

Overall, Osisko Development sits squarely in the high‑risk, high‑uncertainty stage of the mining life cycle: minimal revenue, ongoing losses, negative cash flow, and reliance on outside funding, but with a focused strategy and some promising projects. Its edge lies in experienced management, brownfield redevelopment in supportive jurisdictions, and thoughtful use of modern mining technologies and ESG practices. The key swing factors are execution at Cariboo and exploration and development success at Tintic and other assets. Until at least one major project reaches stable production, the financial profile is likely to remain volatile and dependent on capital markets, while the long‑term payoff will hinge on turning its technical and strategic advantages into reliable, low‑cost gold production.