Equinox Partners Reduces Stake in Osisko Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy ODV?
Source: Fool
- Stake Reduction Details: Equinox Partners Investment Management disclosed in an SEC filing dated February 17, 2026, that it trimmed its position in Osisko Development by 1,032,596 shares last quarter, translating to an estimated $3.55 million trade, indicating a risk management strategy rather than a loss of conviction.
- Holding Proportion Change: As of December 2025, Equinox's stake in Osisko was reduced to 573,739 shares valued at approximately $1.94 million, now representing 1.02% of its reportable U.S. equity assets, reflecting a diminished confidence in the company.
- Market Performance Comparison: Osisko Development's stock price surged nearly 230% over the past year, significantly outperforming the S&P 500's roughly 16% gain during the same period, showcasing the company's strong performance in the gold mining sector.
- Project Financing Dynamics: Recently, Osisko raised about $143.8 million through a bought deal offering priced at $3.54 per share to support drilling and exploration at its Cariboo Gold project, which, while providing necessary funding, also introduces dilution risk for investors, emphasizing the importance of position sizing in volatile markets.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ODV?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ODV
Wall Street analysts forecast ODV stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.250
Low
5.76
Averages
6.12
High
6.48
Current: 4.250
Low
5.76
Averages
6.12
High
6.48
About ODV
Osisko Development Corp. is a continental North American gold development company focused on past-producing mining camps. Its projects include Cariboo Gold Project and Tintic Project. The Cariboo Gold Project is a 100% owned gold and silver project covers an area of over 192,000 hectares (ha) land package and it is located in British Columbia, Canada. The Tintic Project is an exploration and development stage precious and base metal property, located in western Utah County, 95 south of Salt Lake City. The Tintic Project encompasses the East Tintic District with 23 past-producing mines and includes the Trixie gold deposit, one of several gold and base metal targets, including porphyry, epithermal and carbonate targets within the project boundaries. Its James Bay Properties cover approximately 86,000 ha in northern Quebec Canada. Its exploration metals include lithium and precious metals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Osisko Development Secures C$24.9 Million from Warrant Exercise
- Financing Details: Osisko Development Corp. has secured approximately C$24.9 million through the exercise of 5,625,031 common share purchase warrants held by Appian Capital Advisory Limited, reflecting market confidence in its Cariboo Gold Project.
- Warrant Specifications: The warrants were issued at an exercise price of C$4.43 per share on July 21, 2025, to support a US$450 million senior secured project loan, facilitating the development and construction of the Cariboo Gold Project.
- Project Overview: The Cariboo Gold Project, located in central British Columbia, is fully permitted, and Osisko aims to become an intermediate gold producer, highlighting its strategic objectives in North American gold development.
- Future Prospects: The company is also exploring the Tintic Project in Utah, leveraging extensive historical mining data and established infrastructure, indicating Osisko's long-term asset development strategy in mining-friendly jurisdictions aimed at sustainable growth.
See More
Equinox Partners Reduces Stake in Osisko Development
- Stake Reduction Details: Equinox Partners Investment Management disclosed in an SEC filing dated February 17, 2026, that it trimmed its position in Osisko Development by 1,032,596 shares last quarter, translating to an estimated $3.55 million trade, indicating a risk management strategy rather than a loss of conviction.
- Holding Proportion Change: As of December 2025, Equinox's stake in Osisko was reduced to 573,739 shares valued at approximately $1.94 million, now representing 1.02% of its reportable U.S. equity assets, reflecting a diminished confidence in the company.
- Market Performance Comparison: Osisko Development's stock price surged nearly 230% over the past year, significantly outperforming the S&P 500's roughly 16% gain during the same period, showcasing the company's strong performance in the gold mining sector.
- Project Financing Dynamics: Recently, Osisko raised about $143.8 million through a bought deal offering priced at $3.54 per share to support drilling and exploration at its Cariboo Gold project, which, while providing necessary funding, also introduces dilution risk for investors, emphasizing the importance of position sizing in volatile markets.
See More
Osisko Resumes Activities at Cariboo Gold Project Following Incident
- Project Activity Resumption: Osisko Development has successfully resumed site activities at its Cariboo Gold Project in British Columbia after a temporary suspension, reflecting the company's strong commitment to health and safety for its employees and contractors during this challenging period.
- Underground Development Progress: Approximately 2.1 kilometers of underground development has been completed, although progress has been below plan due to challenging geological conditions around the Lowhee fault; however, development rates are expected to improve as the ramp advances beyond this zone.
- Water Treatment Facility Upgrade: The upgrades to the Bonanza Ledge water treatment plant are in the final stages of commissioning and are anticipated to be fully operational in the coming weeks, significantly enhancing the project's environmental management capabilities.
- Exploration Drilling Activities: Six drill rigs are currently operating on surface exploration, with approximately 5,000 meters drilled to date and assays pending, which will provide critical data support for future resource assessments and development.
See More
Condire Management Fully Exits SSR Mining Position
- Complete Exit: According to a February 17, 2026 SEC filing, Condire Management fully exited its position in SSR Mining by selling 3,353,891 shares for an estimated $81.90 million, indicating a significant shift in the fund's investment strategy.
- Strong Stock Performance: As of February 17, 2026, SSR Mining shares were priced at $25.91, reflecting a remarkable 183% increase over the past year, significantly outperforming the S&P 500 by 171.58 percentage points, driven by surging gold prices.
- Optimistic Future Outlook: SSR Mining projects a 10% increase in gold equivalent ounce production for 2026 and reported $241.6 million in free cash flow for 2025, showcasing the company's robust performance and financial health in the gold market.
- Share Repurchase Program: The management has approved a $300 million share repurchase program, supported by a cash balance of $534.8 million, indicating a commitment to enhancing shareholder value while expanding its gold portfolio.
See More
Osisko Development Announces New Infill Drilling Results
- Drilling Progress: As of February 11, 2026, Osisko Development has completed 11,025 meters of infill drilling at its Cariboo Gold Project's Lowhee Zone, representing approximately 80% of the planned 13,000 meters, which will provide more precise data for future resource modeling.
- High-Grade Gold Discoveries: The latest drilling results include a highlight from hole BMU-25-132, which showed 596.40 g/t gold, with a peak of 2,293.56 g/t at 6.6 meters downhole, significantly enhancing the economic potential of the area and potentially impacting future mining plans.
- Project Timeline: The infill drilling program is anticipated to conclude in early Q2 2026, and as drilling progresses, it is expected to further optimize production designs and sequencing, thereby improving overall operational efficiency.
- Resource Assessment Update: Approximately 12.1 kilometers of drilling has been completed, accounting for about 88% of the planned total, and this data will be used to update resource assessments, potentially supporting the addition of new reserves and enhancing the project's long-term value.
See More
Osisko Development Partners with JDS for Cariboo Gold Project Management
- Project Management Partnership: Osisko Development's wholly-owned subsidiary, Barkerville Gold Mines, has signed a Project and Construction Management Services Agreement with JDS Energy & Mining to advance the Cariboo Gold Project in British Columbia, indicating a more integrated approach to project delivery.
- Enhanced Management Expertise: JDS's extensive experience in project and construction management will provide additional capacity and structure for planning and execution at the Cariboo Gold Project, ensuring disciplined progress and enhancing Osisko's competitiveness in gold mining development.
- Company Background: Founded in 2004, JDS boasts a diverse team known for delivering tailored solutions, with a proven track record in executing projects on budget and on schedule, including past successes like the Minto Mine and Gahcho Kue Mine.
- Strategic Objectives: Osisko Development aims to become an intermediate gold producer, with the Cariboo Gold Project as its flagship, fully permitted and 100%-owned, expected to significantly support the company's future growth and mineral inventory expansion.
See More
Osisko Development Secures C$24.9 Million from Warrant Exercise
- Financing Details: Osisko Development Corp. has secured approximately C$24.9 million through the exercise of 5,625,031 common share purchase warrants held by Appian Capital Advisory Limited, reflecting market confidence in its Cariboo Gold Project.
- Warrant Specifications: The warrants were issued at an exercise price of C$4.43 per share on July 21, 2025, to support a US$450 million senior secured project loan, facilitating the development and construction of the Cariboo Gold Project.
- Project Overview: The Cariboo Gold Project, located in central British Columbia, is fully permitted, and Osisko aims to become an intermediate gold producer, highlighting its strategic objectives in North American gold development.
- Future Prospects: The company is also exploring the Tintic Project in Utah, leveraging extensive historical mining data and established infrastructure, indicating Osisko's long-term asset development strategy in mining-friendly jurisdictions aimed at sustainable growth.
See More
Equinox Partners Reduces Stake in Osisko Development
- Stake Reduction Details: Equinox Partners Investment Management disclosed in an SEC filing dated February 17, 2026, that it trimmed its position in Osisko Development by 1,032,596 shares last quarter, translating to an estimated $3.55 million trade, indicating a risk management strategy rather than a loss of conviction.
- Holding Proportion Change: As of December 2025, Equinox's stake in Osisko was reduced to 573,739 shares valued at approximately $1.94 million, now representing 1.02% of its reportable U.S. equity assets, reflecting a diminished confidence in the company.
- Market Performance Comparison: Osisko Development's stock price surged nearly 230% over the past year, significantly outperforming the S&P 500's roughly 16% gain during the same period, showcasing the company's strong performance in the gold mining sector.
- Project Financing Dynamics: Recently, Osisko raised about $143.8 million through a bought deal offering priced at $3.54 per share to support drilling and exploration at its Cariboo Gold project, which, while providing necessary funding, also introduces dilution risk for investors, emphasizing the importance of position sizing in volatile markets.
See More
Osisko Resumes Activities at Cariboo Gold Project Following Incident
- Project Activity Resumption: Osisko Development has successfully resumed site activities at its Cariboo Gold Project in British Columbia after a temporary suspension, reflecting the company's strong commitment to health and safety for its employees and contractors during this challenging period.
- Underground Development Progress: Approximately 2.1 kilometers of underground development has been completed, although progress has been below plan due to challenging geological conditions around the Lowhee fault; however, development rates are expected to improve as the ramp advances beyond this zone.
- Water Treatment Facility Upgrade: The upgrades to the Bonanza Ledge water treatment plant are in the final stages of commissioning and are anticipated to be fully operational in the coming weeks, significantly enhancing the project's environmental management capabilities.
- Exploration Drilling Activities: Six drill rigs are currently operating on surface exploration, with approximately 5,000 meters drilled to date and assays pending, which will provide critical data support for future resource assessments and development.
See More
Condire Management Fully Exits SSR Mining Position
- Complete Exit: According to a February 17, 2026 SEC filing, Condire Management fully exited its position in SSR Mining by selling 3,353,891 shares for an estimated $81.90 million, indicating a significant shift in the fund's investment strategy.
- Strong Stock Performance: As of February 17, 2026, SSR Mining shares were priced at $25.91, reflecting a remarkable 183% increase over the past year, significantly outperforming the S&P 500 by 171.58 percentage points, driven by surging gold prices.
- Optimistic Future Outlook: SSR Mining projects a 10% increase in gold equivalent ounce production for 2026 and reported $241.6 million in free cash flow for 2025, showcasing the company's robust performance and financial health in the gold market.
- Share Repurchase Program: The management has approved a $300 million share repurchase program, supported by a cash balance of $534.8 million, indicating a commitment to enhancing shareholder value while expanding its gold portfolio.
See More
Osisko Development Announces New Infill Drilling Results
- Drilling Progress: As of February 11, 2026, Osisko Development has completed 11,025 meters of infill drilling at its Cariboo Gold Project's Lowhee Zone, representing approximately 80% of the planned 13,000 meters, which will provide more precise data for future resource modeling.
- High-Grade Gold Discoveries: The latest drilling results include a highlight from hole BMU-25-132, which showed 596.40 g/t gold, with a peak of 2,293.56 g/t at 6.6 meters downhole, significantly enhancing the economic potential of the area and potentially impacting future mining plans.
- Project Timeline: The infill drilling program is anticipated to conclude in early Q2 2026, and as drilling progresses, it is expected to further optimize production designs and sequencing, thereby improving overall operational efficiency.
- Resource Assessment Update: Approximately 12.1 kilometers of drilling has been completed, accounting for about 88% of the planned total, and this data will be used to update resource assessments, potentially supporting the addition of new reserves and enhancing the project's long-term value.
See More
Osisko Development Partners with JDS for Cariboo Gold Project Management
- Project Management Partnership: Osisko Development's wholly-owned subsidiary, Barkerville Gold Mines, has signed a Project and Construction Management Services Agreement with JDS Energy & Mining to advance the Cariboo Gold Project in British Columbia, indicating a more integrated approach to project delivery.
- Enhanced Management Expertise: JDS's extensive experience in project and construction management will provide additional capacity and structure for planning and execution at the Cariboo Gold Project, ensuring disciplined progress and enhancing Osisko's competitiveness in gold mining development.
- Company Background: Founded in 2004, JDS boasts a diverse team known for delivering tailored solutions, with a proven track record in executing projects on budget and on schedule, including past successes like the Minto Mine and Gahcho Kue Mine.
- Strategic Objectives: Osisko Development aims to become an intermediate gold producer, with the Cariboo Gold Project as its flagship, fully permitted and 100%-owned, expected to significantly support the company's future growth and mineral inventory expansion.
See More
