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Canadian gold developer building the large Cariboo Gold underground mine in British Columbia, plus other North American precious metals projects.
Canadian gold developer building the large Cariboo Gold underground mine in British Columbia, plus other North American precious metals projects.
Earns little from mining yet and pays for construction of Cariboo, in British Columbia, with share sales, streaming (upfront payments in exchange for future gold) and debt. Value rests on finishing that one mine and bringing it into production on time.
In one line: No close peer; a junior-to-mid-tier gold developer..
Moat: none (installed base). Pre-production developer; value depends on successfully building Cariboo, not a structural advantage.
Headquarters: Montreal, Canada · Employees: 102
Size Osisko Gold (OGG.V) is a Canada Materials company (Precious Metals) with a market value of $814M, the 276th largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.61 on 6 Nov 2026.
Performance Over six months the shares fell 17.9%, against -17.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th highest of 19 in its peer set.
Growth Revenue grew 805.4% over the last twelve months (peer median +54.1%); the operating margin is -51.2% (peer median 30.0%).
Valuation It trades at 0.99× book value against a peer median of 3.04× (cheapest of 21).
Price implies The share price implies a return on equity of about 13.4%; Osisko Gold delivers 7.8%, so the price asks more than the business earns today.
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$63.6M | C$35.5M | C$4.56M | C$31.6M | C$64.0M |
| Revenue growth | — | +678% | -86% | -51% | — |
| Gross profit | C$13.9M | -C$25.2M | -C$29.5M | -C$5.81M | C$960,000 |
| EBITDA | -C$20.5M | -C$43.8M | -C$45.1M | -C$31.0M | -C$18.4M |
| Net income | C$95.0M | -C$169M | -C$86.3M | -C$182M | -C$192M |
| Free cash flow | -C$222M | -C$121M | -C$88.6M | -C$98.9M | -C$128M |
| Capital expenditure | C$244M | C$103M | C$45.7M | C$72.3M | C$86.3M |
| Total debt | C$457M | C$145M | C$46.6M | C$18.6M | C$19.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Osisko Gold OGG.V | $814M | -18% | +805% | 8% | 0.99× | 13.4% |
| OR Royalties OR.TO | $6.81B | 0% | +68% | 20% | 4.55× | 36.5% |
| Artemis Gold ARTG.V | $6.76B | +18% | +148% | 50% | 6.43× | 58.6% |
| Skeena Resources SKE.TO | $3.90B | +6% | n/a | -175% | 31.93× | 388.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OGG.V | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.1% | -9.9% | 8th highest of 21 |
| 6-month return | -17.9% | -17.9% | 10th highest of 19 |
| Return on equity | 7.8% | 4.6% | 10th highest of 20 |
| Price / book | 0.99× | 3.04× | cheapest of 21 |
| Trailing P/E | 110.7× | 17.3× | 2nd most expensive of 12 |
| ROE the price implies | 13.4% | 30.2% | least demanding of 21 |
| ROE delivered | 7.8% | 4.6% | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Osisko Gold OGG.V | Canada | $814M | -18% | +805% | 8% | 0.99× | 13.4% | 7.8% |
| Cadillac Mines CADY.TO | Canada | $815M | n/a | n/a | n/a | 9.88× | 157.7% | n/a |
| Liberty Gold LGD.TO | Canada | $819M | +50% | n/a | 34% | 9.20× | 110.5% | 34.4% |
| Pantoro Gold PNR.AX | Australia | $826M | -9% | +35% | 20% | 1.95× | 23.0% | 20.2% |
| Avino Silver & Gold Mines ASM.TO | Canada | $799M | -30% | +54% | 21% | 2.79× | 46.7% | 20.8% |
| Dakota Gold DC | United States | $798M | -1% | n/a | -23% | 4.34× | 38.7% | -23.4% |
| FireFly Metals FFM.AX | Australia | $798M | -31% | n/a | -8% | 2.39× | 29.4% | -8.3% |
| Kingsgate Consolidated KCN.AX | Australia | $779M | -39% | +77% | 63% | 2.01× | 21.9% | 63.3% |
| Critical Metals CRML | United States | $864M | -58% | n/a | -105% | 2.51× | 32.2% | -104.7% |
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | -74% | 25.80× | 403.4% | -73.7% |
| Catalyst Metals CYL.AX | Australia | $746M | -28% | +75% | 29% | 1.52× | 15.2% | 29.2% |
| Founders Metals FDR.V | Canada | $734M | +42% | n/a | -9% | 5.52× | 30.0% | -9.2% |
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | 1% | 2.22× | 21.6% | 1.2% |
| Mako Mining MKO.V | Canada | $712M | +7% | +79% | 36% | 3.70× | 36.5% | 36.1% |
| Griffin Mining GFM.L | United Kingdom | $711M | -4% | +29% | 12% | 2.42× | 21.0% | 12.0% |
| Santacruz Silver Mining SCZ.TO | Canada | $707M | n/a | +38% | 22% | 3.28× | 53.5% | 22.1% |
| Tungsten West TUN.L | United Kingdom | $694M | -18% | n/a | -608% | 8.26× | 86.4% | -607.6% |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | 14% | 1.31× | 17.6% | 13.5% |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 5% | 3.35× | 21.0% | 4.6% |
| First Mining Gold FF.TO | Canada | $670M | +33% | n/a | -33% | 4.14× | 30.4% | -32.5% |
| New Found Gold NFGC.TO | Canada | $662M | -16% | n/a | -19% | 1.82× | 19.2% | -19.4% |