Osisko sells San Antonio gold project to Axo Copper; shares rise

Axo Metals

24/11/2025 15:24

** Shares of Canada's Osisko Development ODV.V rise 4% to C$3.2

     ** Company enters agreement to sell its 100% interest in the San Antonio Gold Project in Mexico to Axo Copper AXO.V

     ** AXO will acquire Sapuchi Minera, the subsidiary that owns the project

     ** Co agrees to hold its Axo shares for at least 12 months post-transaction and meet certain conditions for 24 months after completion

     ** ODV adds that the project is not considered a material property of the company and has been in care and maintenance since the third quarter of 2023

     ** Including session's move, shares 99% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com;))