08:34 AM EST, 11/10/2025 (MT Newswires) -- Osisko Development ( ODV ) edged up in premarket New York trading after the company on Monday said its third-quarter loss widened on higher financing costs and a one-time charge.

The company, which is developing a mine at its Cariboo Gold Project in British Columbia, said it lost $150.28 million, or $0.80 per share, compared with a loss of $33.86 million, or $0.40. The loss widened on higher finance costs, which rose to $42.42 million from $15.56 million, while it took $111.35-million charge for warrant liabilities.

Revenue rose to $4.41 million from $161,000 on gold sales from a small-scale heap-leach project at its Tintic operation in Utah, which treated tailings and stockpile material and produced 877 ounces of gold in the quarter.

The company said it 1.9 kilometers of underground development is complete at Cariboo, with construction of surface infrastructure continuing. Osisko said it ended the quarter with $401.4 million of cash on hand.

Osisko shares were last seen up US$0.03 to US$3.05 premarket. They closed $0.07 to $4.22 Friday on the TSX Venture Exchange.