Osisko Development (ODV) Resums Activities at Cariboo Gold Project

Osisko Development Corp. (NYSE:ODV) is one of the Low Risk Penny Stocks to Buy Now. On March 2, Osisko Development Corp. (NYSE:ODV) announced resuming activities at its Cariboo Gold Project in British Columbia.

The Cariboo Gold Project was temporarily suspended in January 2026 after an isolated, tragic incident at the surface. Management noted that they have worked with regulators to ensure employee and contractor safety. The company has resumed surface and underground activity in phases. More than 250 personnel are working at the site, which reflects the normal operating level at the current stage.

Management also updated regarding the current developmental progress, noting that the Bonanza Ledge water treatment plant is close to full operation, while the underground development has reached 2.1 kilometers from the Cow Portal.  The Cariboo Gold Project is the company’s 100% owned flagship project that covers roughly 192,000 hectares.

Image by Csaba Nagy from Pixabay

Osisko Development Corp. (NYSE:ODV), founded in 2006 and headquartered in Montreal, acquires, explores, and develops precious metals properties across North America. Its portfolio provides exposure to gold and other key metals, positioning the company to benefit from a supportive commodity price environment as it advances toward production.