Osisko Gold Group (OGG) said Monday its board approved construction of the 100%-owned Cariboo Gold Project in British Columbia, targeting first gold in Q1 2029.
The company estimated a remaining go-forward capital obligation of 990 million Canadian dollars ($712.9 million) and expects a 30-month construction period.
Meanwhile, Trafigura agreed to invest $30 million and will purchase 100% of gold concentrate and dore for the first four years.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.