Osisko Development

ODV

Gold · Basic Materials

Price

$2.27

+0.02 (+0.89%)

Market Cap

$332.2M

Exchange

New York Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+304.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 44.0M (2021) → 178.2M (2025)

Osisko Development Corp. is a Canadian mining company focused on finding and developing gold deposits. It does not yet sell gold in large quantities — instead, it is working to build mines that will produce gold in the future. Its main asset is the Cariboo Gold Project in British Columbia, Canada, one of the largest undeveloped gold deposits in the country.

The company makes almost no revenue right now because its mines are still being built and permitted. It spends money on exploration and construction, which explains its negative margins. Osisko Development operates primarily in Canada and has a market cap of around $400 million, making it a small-cap miner. The biggest risk it faces is the time and cost required to bring the Cariboo project into production — delays, cost overruns, or falling gold prices could significantly strain its finances before it ever ships meaningful amounts of gold.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

+177.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

38.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$640M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$640M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

39.2%

Modest — 39.2% gross margin

Operating Margin

-414.1%

Losing money on operations — -414.1%

ROCE

-0.8%

Weak — -0.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+1249.7%

Fast-growing sales (1249.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-399.6%

Burning cash (-399.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.16

Conservative — low debt load (0.16)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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