PRECIOUS METALS

Cartier conserving cash: Chimo transaction coming?

The mood in Cartier Resources’ office in Val d’Or, Quebec, Canada, is one of expectation although president and CEO Philippe Cloutier is coy when pressed for details.

Paul Harris in Val d'Or, Quebec, Canada
Cartier's Philippe Cloutier by a drill hole at Chimo, Quebec

Cartier's Philippe Cloutier by a drill hole at Chimo, Quebec

Cloutier believes the company has drilled enough at its Chimo project to show that the former mine has the potential to host resources to interest any potential bidder. Drilling stopped in May to conserve...

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