06:30 AM EDT, 04/01/2024 (MT Newswires) -- Osisko Development Corp. ( ODV ) was as of near 4am ET down 1.4% in Us premarket trade after over the holiday weekend reporting a full-year 2023 net loss of $181.9 million, or a loss of $2.21 per basic and diluted share, narrowing from a loss of $192.5 million, or a loss of $3.02 per share, in 2022.

Full-year 2023 revenues amounted to $31.6 million, down from $64.0 million in 2022.

The company sold 10,743 ounces of gold in 2023, composed of 4,959 ounces from the Trixie test mine within the Tintic project, 3,272 ounces from the Cariboo gold project and 2,512 ounces from the San Antonio gold project.

Among Q4 highlights, 2,090 ounces of gold were sold by the company from operating activities in the fourth quarter. It reported $6.9 million in revenues ($31.6 million in 2023) and $6.4 million in cost of sales ($32.3 million in 2023) generated from operating activities in the fourth quarter.