Osisko Gold posted Q2 revenue of $32.7 million, more than doubled from $6.9 million a year earlier on 5,547 ounces sold.
Cost of sales rose to $12 million from $4.1 million, while operating income swung to $8.1 million from a $16.3 million loss.
Balance sheet and project update
Cash and cash equivalents totaled about $837.3 million at June 30; $414.3 million was outstanding under 4.125% convertible senior notes due 2031.
Debt also included about $161.4 million outstanding under the initial draw of the US$450 million senior secured project loan credit facility.
Cariboo advanced pre-construction work, completed 13,684 meters of underground infill drilling, and continued underground development, reaching about 2.7 km completed.
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