Preliminary Economic Assessment – Chimo Mine Project, May 2023, October, 2022
On May 29, 2023, Cartier filed on SEDAR the NI 43-101 Technical Report for the Preliminary Economic Assessment of the Chimo Mine and West Nordeau deposits. The study presents a 4,500 tpd underground operation with a 9.7-year mine life, averaging 116,900 oz Au annually. At US$1,750/oz gold and CAD:US exchange of 0.77, the project demonstrates a post-tax NPV5% of CAD$388M, IRR of 20.8%, payback of 2.9 years, and an average AISC of US$755/oz.