Osisko Development Corp (TSE:ODV) has released an update.
Osisko Development Corp. reported a decrease in net loss to $7,988 thousand for the first quarter of 2024 compared to a net loss of $23,337 thousand in the same period last year, with basic and diluted net loss per share improving to $(0.09) from $(0.30). The company’s total assets increased to $781,137 thousand as of March 31, 2024, up from $763,880 thousand at the end of 2023, indicating a stronger financial position. Revenues for the quarter dropped to $1,767 thousand from $3,451 thousand in the previous year.
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