Chesapeake Gold releases corporate presentation outlining Metates heap-leach development plan

Reuters2026/08/05 19:38

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Chesapeake Gold outlined a revised development plan for Metates in Durango, Mexico, centered on a sulphide heap-leach “starter” project.
2021 PEA base case: initial capex USD 359 million, pre-tax NPV(5%) USD 1.14 billion, IRR 35%, payback 2.5 years.
Plan targets 15,000 tpd throughput over a 31-year mine life, with average production of 147,000 gold-equivalent ounces in years 1-15.
Metates resource cited at about 17 million ounces of measured and indicated gold plus 423 million ounces of silver, plus inferred 2 million ounces gold and 59 million ounces silver.
Oxidative leach testwork cited gold recovery up to 74% in 2024; treasury shown at about CAD 27 million as of March 31, 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 August 05, 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 releases corporate presentation outlining Metates heap-leach development plan

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