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Chesapeake slashes US$3B from Metates capex

Chesapeake Gold has slashed US$3 billion from the initial capital of its Metates gold-silver project in Durango, Mexico via a new preliminary economic assessment (PEA) featuring sulphide leach processing.

Chesapeake slashes US$3B from Metates capex Chesapeake slashes US$3B from Metates capex Chesapeake slashes US$3B from Metates capex Chesapeake slashes US$3B from Metates capex Chesapeake slashes US$3B from Metates capex

Chesapeake Gold's Metates project in Durango, Mexico

The capital requirement for the 15,000 tonnes per day phase one operation to exploit the high-grade portion of the deposit is just $359 million compared to the $3.