Newsig · Mining.com
Roosen’s Osisko greenlights Cariboo gold project in BC
Osisko will build the $841M Cariboo underground mine in BC, aiming for its first gold pour by early 2029.
Why it matters
GLD (SPDR Gold Shares) · Why linked: New gold mine production coming online by 2029 affects long-term gold supply outlook Market context: Production timeline is multi-year, limited near-term price impact
GDX (Gold Miners ETF) · Why linked: Sector ETF affected by new major gold mine development decisions Market context: Greenlit major project signals sector capex confidence
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