Osisko Gold starts construction of Cariboo Gold project, targets first pour in Q1 2029
OR•Offtake and financing discussions
Trafigura secured four-year concentrate and doré offtake; talks cover a potential gold prepayment facility of up to USD 120 million.
Capital commitment and funding plan
Remaining go-forward capital obligation is estimated at CAD 990 million, net of CAD 272 million spent through July 31, 2026.
Funding plan includes a USD 30 million private placement with a Trafigura affiliate at USD 3.14 per share.
Construction decision and project timeline
Osisko Gold set a formal construction decision for the Cariboo Gold Project in British Columbia, targeting first gold pour in Q1 2029.
Commercial production is scheduled for H2 2029; the build timeline extends to 30 months from Aug. 1, 2026.
