Strategic mining options optimization: A theoretical framework for resource development planning

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The problem of optimizing reserve exploitation depends largely on the mining option used in the extraction.Some mineral deposits have orebodies that extend from near the surface to several meters in depth. Suchdeposits can be amenable to both open pit mining and/or underground mining. The strategic mining optionsoptimization framework will use mathematical programming models to assist IAMGOLD Canada in makingrobust decisions as to which strategic plan maximizes the overall project value and provides the platform forsustainable natural resource development.