BENEFITS ACHIEVED AT OSISKO, MALARTIC THROUGH OPTIMIZATION OF INVENTORY MANAGEMENT
Osisko has completed its construction project of the Canadian Malartic gold mine located in the heart of the Abitibi mining district. The Canadian Malartic deposit currently represents one of the biggest gold reserves in production in Canada with Proven and Probable Reserves of 10.11 million ounces of gold.
Given the significant sums invested in its equipment needs, it is imperative for the mining site to maintain its production levels. This issue is resolved through uninterrumpted availability of spare parts. Advance operations research has shown a number of avenues to increase equipment availability while reducing total investment in stock. The presentation will explore these avenues by focusing on key inventory management changes that were implemented by Osisko to optimize their service and stocking levels. We will present the benefits achieved through inventory management optimization. We will discuss how this was carried out and the lessons learned.
The presentation will be conducted by Mr. Robert Lamarre and Mr. Roch Trépanier. Mr. Lamarre holds a Master’s degree in Operations Research from Waterloo University. He is the president of Robert Lamarre & Associates, a firm that specializes in Supply Chain Management with a particular emphasis on the issue of spare parts. He is also President of IMAFS Inc, a solution provider for maintenance parts optimization. Mr. Trépanier is superintendent of the Supply Chain division, Canadian Malartic. He started his career in the mining industry in 1980 while working in Operations. For the last five years, he has held management postings in the supply chain division for mining organizations.