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Cartier Resources updates Cadillac Project PEA with C$1B after-tax NPV and 26.6% IRR at US$3,600/oz gold price.

Market News
30 Oct 2026, 22:17 WIB
GlobeNewsWire
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Bullish
Cartier Resources updates Cadillac Project PEA with C$1B after-tax NPV and 26.6% IRR at US$3,600/oz gold price.

Cartier Resources filed an updated Preliminary Economic Assessment (PEA) for its Cadillac Project in Quebec, showing an after-tax Net Present Value (NPV) of C$1.0 billion and an Internal Rate of Return (IRR) of 26.6% at a gold price of US$3,600 per ounce. The project forecasts average annual gold production of 100,000 ounces over a 16.2-year mine life with a total recovered gold of 1.61 million ounces. The PEA highlights a low initial capital expenditure of C$275.8 million, an after-tax payback period of 4.3 years, and an all-in sustaining cost of US$2,107 per ounce. Cartier plans to advance development with a fully underground mining operation, emphasizing environmental responsibility and potential for resource growth through ongoing exploration.

Cartier Resources' updated Preliminary Economic Assessment for the Cadillac Project is the story's subject, providing context for readers. For those tracking the Basic Materials sector on Pluang, 16 of 83 priced US stocks rose while 67 fell as of Oct 31, 2026 01:11 WIB. FMC Corp led gains with a 24.06% increase to USD 5.93, while Aura Minerals Inc. and USA Rare Earth Inc. declined by 13.86% and 10.50%, respectively.

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