Osisko Gold Raises $600 Million in Notes Offering

05:14 PM EDT, 09/30/2026 (MT Newswires) -- Osisko Gold Group (OGG.V) raised $600 million in a senior notes offering, the company said after trade on Wednesday. The 9.250% secured notes mature on Oct. 1, 2031. Proceeds will be used to fully repay Osisko's credit facility with Appian Capital, and fund the advancement of the Cariboo Gold Project in British Columbia, a statement added. "With construction of the Cariboo Gold Project underway following our positive final investment decision earlier this month, the completion of this offering further bolsters our already strong balance sheet position and, together with other available sources of capital, fully funds us through commercial production anticipated in 2029," said Osisko Chief Executive Sean Roosen. Osisko Gold shares closed up CA$0.04 to CA$4.00 on the Toronto Stock Exchange.