Osisko Development Strengthens Board with Appointment of Stephen Quin as Independent Director
December 05 2024 - 8:00AM
Osisko Development Corp. (NYSE: ODV, TSXV: ODV)
("
Osisko Development" or the
"
Company") is pleased to announce the appointment
of Mr. Stephen Quin, a seasoned mining executive, as independent
director to the Company's board of directors effective immediately.
"On behalf of the entire Board, we are delighted
to welcome a director of Stephen's calibre, and a veteran of the
mining sector, to the board of directors of Osisko Development,"
commented Sean Roosen, Founder, Chairman and CEO.
"With over 40 years of experience in the mining sector, Stephen's
exceptional technical expertise, proven leadership experience and
strong strategic acumen, will greatly enhance our Board as we
position the Company for success. Through his prior roles as the
former President & COO of Capstone Mining—and President &
CEO of Sherwood Copper prior to its merger—Mr. Quin has
demonstrated a strong commitment to responsible mine development
& operation, while maximizing shareholder value. Notably, he
was responsible for successfully permitting, funding, and
constructing the Minto copper-gold mine in the Yukon, Canada, which
was completed on time & budget. Stephen's comprehensive track
record and diverse industry exposure through practically all facets
of the mining cycle—from discovery to operation—make him an
invaluable asset as we advance Cariboo toward construction. His
appointment reflects strong confidence in the quality of the
Cariboo project and its potential to become one of Canada's next
large-scale gold mines."
Mr. Quin holds a BSc (Honours) in Mining Geology
from the Royal School of Mines, London, and brings over 40 years of
experience across all stages of the mining industry, from
exploration through operations and closure. Most recently, he spent
a decade as President & CEO of Midas Gold Corp. (now Perpetua
Resources Corp.) advancing a large-scale gold-antimony project from
a maiden mineral resource through completion of a feasibility
study. Prior to that, he held senior leadership roles including
President & COO of Capstone Mining Corp. and, before its merger
with Capstone, President & CEO of Sherwood Copper Corp.
Additionally, he served as Executive Vice President at Miramar
Mining Corp. and its copper exploration affiliate, Northern Orion
Exploration. Mr. Quin started his career with what became Imperial
Metals Corp., where he was responsible for the advancement of their
polymetallic copper-lead-zinc project.
Mr. Quin has a combination of technical,
governance, and capital markets experience having led more than 30
studies on projects in the copper and gold sectors, ranging from
mineral resource estimates and preliminary economic assessments to
feasibility studies. He also has extensive experience with
permitting, mine financing, development, operations and
closure.
From a governance perspective, Mr. Quin has sat
on and chaired numerous boards and board committees, and
spearheaded governance enhancing initiatives. He has long
championed ESG-focused practices, well before the term became
widely recognized. On the capital markets front, Mr. Quin played a
pivotal role in raising over C$1 billion in financing and has been
involved in more than C$750 million in M&A transactions for
companies where he served as CEO or a senior executive.
He currently serves as a non-executive director
of Hot Chili Limited and Bravo Mining Corp., as well as the
non-executive Chair of TDG Gold Corp.
ABOUT OSISKO
DEVELOPMENT CORP.
Osisko Development Corp. is a North American
gold development company focused on past-producing mining camps
located in mining friendly jurisdictions with district scale
potential. The Company's objective is to become an intermediate
gold producer by advancing its 100%-owned Cariboo Gold Project,
located in central B.C., Canada, the Tintic Project in the historic
East Tintic mining district in Utah, U.S.A., and the San Antonio
Gold Project in Sonora, Mexico. In addition to considerable
brownfield exploration potential of these properties, that benefit
from significant historical mining data, existing infrastructure
and access to skilled labour, the Company's project pipeline is
complemented by other prospective exploration properties. The
Company's strategy is to develop attractive, long-life, socially
and environmentally sustainable mining assets, while minimizing
exposure to development risk and growing mineral resources.
For further information, visit our website at
www.osiskodev.com or contact:
Sean Roosen |
Philip Rabenok |
Chairman and CEO |
Director, Investor Relations |
Email: sroosen@osiskodev.com |
Email: prabenok@osiskodev.com |
Tel: +1 (514) 940-0685 |
Tel: +1 (437) 423-3644 |
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release. No stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein.
Osisko Development (NYSE:ODV)
Historical Stock Chart
From Nov 2024 to Dec 2024
Osisko Development (NYSE:ODV)
Historical Stock Chart
From Dec 2023 to Dec 2024