Chibougamau offers copper growth for Central Asia: BMO

AI desk brief

BMO estimates Central Asia Metals’ newly acquired Chibougamau project could produce 20,000 tonnes of copper and 32,000 oz. of gold annually, with first output in late 2031 or early 2032. Its conceptual case assumes $450 million in pre-production capital, mill replacement and three years of construction; permitting would determine the start. An updated preliminary economic assessment is expected in the second half of 2027. No mineral reserves have been established, and further studies must test the mine plan, capital and operating costs. The outlook primarily concerns company growth; no material near-term bullion effect is established.