12:04 PM EDT, 04/01/2024 (MT Newswires) -- Osisko Development ( ODV ) at last look gained 2.8% in early Monday trading after reporting over the holiday weekend a 2023 loss of C$181.9 million, or C$2.21 per share, narrowing from a loss of C$192.5 million, or C$3.02 per share, in 2022.

Full-year 2023 revenues amounted to C$31.6 million, down from C$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 fourth-quarter highlights, 2,090 ounces of gold were sold by the company in the period. It reported C$6.9 million in revenue, down from C$31.6 million in 2023.

The company's shares were last seen up C$0.08 to C$2.97 on the TSX Venture Exchange.

Price: 2.97, Change: +0.08, Percent Change: +2.77