Osisko Development Reports Contractor Fatality at Cariboo Gold Project

MONTREAL, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") regrets to report that on January 22, 2026, a contractor working at surface suffered a fatal injury following an isolated incident at the Cariboo Gold Project (the "Project"), located in central British Columbia ("B.C."), Canada.

On January 23, 2026, Osisko Development Corp. reported a tragic incident at their Cariboo Gold Project located near Quesnel, British Columbia. The company announced that a contractor unfortunately lost their life while performing routine tasks at the site. This incident has raised questions about safety protocols and practices at mining operations, highlighting the inherent risks involved in such industries.

The fatality occurred due to an equipment-related accident, although specific details surrounding the incident have not been disclosed. Osisko Development expressed its sorrow over the loss and extended condolences to the family, friends, and colleagues of the deceased. Additionally, the company emphasized its commitment to thorough investigations into the event to determine the cause and prevent similar accidents in the future.

In response to the tragedy, Osisko Development reaffirmed its dedication to the health and safety of all its workers and contractors. The company announced that it has temporarily suspended operations to ensure that all safety measures are reviewed and reinforced. Furthermore, Osisko has invited external experts to examine safety protocols and provide recommendations for enhancing safety across all operations at the Cariboo Gold Project.

This incident serves as a stark reminder of the importance of workplace safety, particularly in high-risk environments such as mining. The industry has faced increased scrutiny regarding safety measures and accident prevention, which are critical to protecting workers and maintaining operational integrity.

Following the incident, regulatory authorities will likely conduct their investigations to assess compliance with safety regulations and determine whether the contractor met necessary standards. The results of these investigations could influence future mining operations in the region, as safety remains a top priority for both regulatory bodies and mining companies.