Chasm Sawmills, located in the South Cariboo region, is facing permanent closure as a result of timber supply constraints, including the impact of the Mountain Pine Beetle infestations, wildfires, lumber market price declines, and high sawlog costs, leading to the loss of jobs for approximately 176 employees. This closure announcement comes amidst other mill closures in the area, indicating a challenging economic environment for the timber industry in the region.