Cartier Files Updated Cadillac Project Economic Assessment

The updated preliminary economic assessment reports average annual gold production of 100 koz over a 16.2-year mine life. After-tax NPV5% is C$1.0 billion and after-tax IRR is 26.6% at US$3,600/oz gold; at spot gold of US$4,300/oz, after-tax NPV5% is C$1,565 million and IRR is 37.3%.