Osisko Gold Reports Second Quarter 2026 Results
(All dollar amounts are expressed in Canadian dollars, unless stated otherwise)
TORONTO, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG) (" Osisko Gold " or the " Company ") reports its financial and operating results for the three months ended June 30, 2026 (" Q2 2026 ").
Q2 2026 HIGHLIGHTS
Operating, Financial and Corporate Updates:
As of June 30, 2026, the Company had approximately $837.3 million in cash and cash equivalents. Approximately $161.4 million (US$113.6 million), inclusive of accrued interest, is outstanding under the initial draw of the US$450 million senior secured project loan credit facility (the " 2025 Financing Facility ") with funds advised by Appian Capital Advisory Limited (" Appian ") and $414.3 million (US$300.0 million) was outstanding under the convertible senior notes for the development and construction of the Cariboo Gold Project.
The Company generated $32.7 million in revenues ($6.9 million in Q2 2025) and $12.0 million in cost of sales ($4.1 million in Q2 2025) from the sale of 5,547 gold ounces from small-scale activities including heap leaching of certain tailings and stockpile material and direct shipping of mineralized material at the Tintic Project, generating an operating income of $8.1 million ($16.3 million loss in Q2 2025).
On April 1, 2026, the Company granted an aggregate of (i) 1,104,400 stock options of the Company (the " Options "), and (ii) 1,426,600 restricted share units of the Company (" RSUs ") to certain senior officers and non-executive employees (collectively, the " Incentive Awards "), pursuant to the Company's omnibus equity incentive plan.
On May 4, 2026, the Company appointed Ms. Sarah MacDonald as Vice President, Construction Contracting and Commercial, and on May 19, 2026, the Company appointed Mr. Greg Perrins as Vice President, Sustainable Development.
On May 26, 2026 and May 28, 2026, the Company closed its previ