Chesapeake Gold outlines Metates sulphide heap-leach PEA with US$ 359 million initial capex

Reuters2026/09/01 20:11

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Chesapeake Gold outlined a revised development plan for Metates in Durango, Mexico, centered on a sulphide heap-leach “starter” operation.
PEA base case: initial capex USD 359 million; sustaining capex USD 176 million; 15 ktpd throughput; 31-year mine life.
Base-case economics: pre-tax NPV at 5% of USD 1.14 billion; IRR 35%; payback 2.5 years at USD 1,600/oz gold.
Metates resource cited at about 17 million oz measured and indicated gold, 423 million oz silver; inferred 2 million oz gold, 59 million oz silver.
Oxidative leach testwork cited gold recovery up to 74%; treasury about CAD 25 million as of June 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chesapeake Gold Corp. published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Chesapeake Gold outlines Metates sulphide heap-leach PEA with US$ 359 million initial capex

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