{
  "id": 8062620,
  "title": "Agnico-backed Cartier lowers Cadillac spend in Quebec gold belt",
  "url": "https://urgent.news/2026/09/17/agnico-backed-cartier-lowers-cadillac-spend-in-quebec-gold-belt",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T14:33:05.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/agnico-backed-cartier-lowers-cadillac-spend-in-quebec-gold-belt/"
  },
  "original_language": "en",
  "account": "Agnico-backed Cartier Resources has reduced the initial costs and extended the life of its Cadillac gold project in Quebec, according to a new preliminary economic assessment (PEA). The mine is projected to produce an average of 100,000 ounces of gold annually over 16.2 years, with an initial capital cost of nearly $198 million. The updated PEA also considers a longer mine life of 16.2 years and a higher gold price scenario. The project's design prioritizes a fully underground mining operation to minimize its surface footprint and support responsible development. Agnico Eagle Mines holds about 27% of Cartier, making it the largest shareholder.",
  "summary": "Cartier reduced Cadillac gold project costs to $198M for an underground mine, yielding 100,000 oz. gold/year for 16.2 years.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}