Osisko Development Publishes Inaugural Sustainability Report for 2021
August 16 2022 - 5:03PM
Osisko Development Corp. (“
Osisko Development” or
the “
Company”) (ODV TSX.V & NYSE) is
pleased to announce our inaugural sustainability report for 2020
and 2021 is now available on our corporate website; click here to
view the report.
Osisko Development understands that our success
is measured by more than the gold we produce. Operating in an
environmentally and socially responsible way is intricately
connected to our long-term success. As our organization continues
to evolve and grow, so will the expectations of our stakeholders.
Our first sustainability report describes our management approach
to, and performance in, a variety of environmental, social and
governance (“ESG”) considerations.
Osisko Development’s three pillars of
sustainability are:
- Being a good neighbour in the
communities in which we live and work,
- Supporting an engaged workforce
that values safety, diversity, and technical excellence, and
- Demonstrating a commitment to
environmental stewardship.
The sustainability report covers topics
expanding beyond conventional financial performance, to define the
legacy we will continue to create in the natural environment and
the communities where we operate.
Our approach to sustainability will evolve with
our business and our sustainability report for 2022 will include
information detailing our sustainability initiatives in relation to
our San Antonio project in Sonora, Mexico as well as our Tintic
project in Utah, U.S.A. This report is just one part of our ongoing
commitment to transparency, and we welcome your feedback.
Chris Pharness, Vice President Sustainable
Development for Osisko Development, commented
“Sustainability in the mining industry is
inseparable from our business strategy. Living up to this
commitment begins with our people and is reflected in our
meaningful relationships with Indigenous nations, community
members, and other groups.”
About Osisko Development
Corp.
Osisko Development Corp. is uniquely positioned
as a premier gold development company in North America to advance
the Cariboo Gold Project and other Canadian, U.S.A. and Mexican
properties, with the objective of becoming the next mid-tier gold
producer. The Cariboo Gold Project, located in central British
Columbia, Canada, is Osisko Development's flagship asset. The
considerable exploration potential at depth and along strike
distinguishes the Cariboo Gold Project relative to other
development assets. Osisko Development's project pipeline is
complemented by its interest in the San Antonio gold project,
located in Sonora, Mexico and the Trixie gold test mine, located in
Utah, U.S.A.
For further information about Osisko Development
(NYSE:ODV; TSX-V:ODV), please visit www.osiskodev.com or follow us
on Twitter @OsiskoDev
For further information, please contact
Osisko Development Corp.: Jean Francois Lemonde VP,
Investor Relations jflemonde@osiskodev.com Tel: 514-299-4926
Forward-looking Statements
Certain statements contained in this press
release may be deemed “forward-looking statements” within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and “forward-looking information” within the meaning of
applicable Canadian securities legislation. These forward‐ looking
statements, by their nature, require Osisko Development to make
certain assumptions and necessarily involve known and unknown risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied in these forward‐
looking statements. Forward‐ looking statements are not guarantees
of performance. Words such as “may”, “will”, “would”, “could”,
“expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”,
“continue”, or the negative or comparable terminology, as well as
terms usually used in the future and the conditional, are intended
to identify forward‐ looking statements. Information contained in
forward‐ looking statements is based upon certain material
assumptions that were applied in drawing a conclusion or making a
forecast or projection, including management’s perceptions of
historical trends, current conditions and expected future
developments, results of further exploration work to define and
expand mineral resources, expected conclusions of optimization
studies, as well as other considerations that are believed to be
appropriate in the circumstances, and any other information herein
that is not a historical fact may be “forward looking information”.
Material assumptions also include, management’s perceptions of
historical trends, current conditions and expected future
developments, results of further exploration work to define and
expand mineral resources, as well as other considerations that are
believed to be appropriate in the circumstances. Osisko Development
considers its assumptions to be reasonable based on information
currently available, but cautions the reader that their assumptions
regarding future events, many of which are beyond the control of
Osisko Development, may ultimately prove to be incorrect since they
are subject to risks and uncertainties that affect Osisko
Development and its business. Such risks and uncertainties include,
among others, risks relating to capital market conditions,
regulatory framework, the ability of exploration activities
(including drill results) to accurately predict mineralization;
errors in management’s geological modelling; the ability of to
complete further exploration activities, including drilling;
property and stream interests in the Project; the ability of the
Company to obtain required approvals; the results of exploration
activities; risks relating to exploration, development and mining
activities; the global economic climate; metal prices; dilution;
environmental risks; and community and non-governmental actions and
the responses of relevant governments to the COVID-19 outbreak and
the effectiveness of such responses. Readers are urged to consult
the disclosure provided (i) under the heading "Risk Factors" in the
annual information form of the Company for the year ended December
31, 2021, as amended, and (ii) under the heading "Risks and
Uncertainties" in the management's discussion and analysis of the
Company for the year ended December 31, 2021, as amended, each of
which has been filed on SEDAR (www.sedar.com) under Osisko
Development's issuer profile and on the SEC's EDGAR website
(www.sec.gov),for further information regarding the risks and other
factors applicable to the exploration results. Although the
Company’s believes the expectations conveyed by the Forward-looking
Statements are reasonable based on information available at the
date of preparation, no assurances can be given as to future
results, levels of activity and achievements. The Company disclaims
any obligation to update any Forward-looking Statements, whether as
a result of new information, future events, or results or
otherwise, except as required by law. There can be no assurance
that these Forward-looking Statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on Forward-looking Statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release. No stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein.
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