Osisko Development Corp. (ODV) Reports Q2 2025 Results; BMO Capital Maintains 'Buy' Rating

Osisko Development Corp. (NYSE:ODV) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).

On August 12, 2025, Osisko Development Corp. (NYSE:ODV) reported its Q2 2025 results. The company recorded a revenue increase from $2.6 million a year earlier to $6.9 million, thanks to the sale of 1,393 gold ounces of small-scale heap leach operations at the Tintic Project. As a result, the company ended the quarter with $46.3 million in cash. Furthermore, its balance sheet was strengthened with a $450 million credit facility from Appian Capital to fund Cariboo’s pre-construction and a 13,000-metre infill drilling program. The company also raised $195 million in equity on July 31. As per the 2025 feasibility study, 190,000 ounces of gold production per annum over 10 years, at an AISC of $1,157 per ounce, is projected.

Ahead of its Q2 earnings release, on July 25, 2025, BMO Capital maintained its ‘Buy’ rating on Osisko Development Corp. (NYSE:ODV) with a $4.36 price target.

Osisko Development Corp. (NYSE:ODV), a North American gold developer, focuses on advancing past-producing mining camps. It is included in our list of the Best Penny Stocks.

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