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. Such**deposits can be amenable to both open pit mining and/or underground mining. The strategic mining options**optimization framework will use mathematical programming models to assist IAMGOLD Canada in making**robust decisions as to which strategic plan maximizes the overall project value and provides the platform for**sustainable natural resource development.