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Premier: Gov't Approves Hardrock Environmental Assessment

Kitco News

Premier Gold Mines Ltd. (TSX: PG) says that the environmental assessment for the Hardrock Project has been approved by Canada’s minister of environment and climate change. The multi-million-ounce gold-mining project, as proposed by Greenstone Gold Mines, consists of the construction, operation, decommissioning and abandonment of an open pit and onsite metal mill in northern Ontario. Greenstone is a 50-50 joint venture between Premier Gold Mines and Centerra Gold Inc. “The minister's approval of the EA is a significant milestone for the Hardrock Project,” says John Begeman, executive chairman of Premier. Work on construction permit applications are “well advanced” and will be submitted for review once the federal EA and provincial EAs are approved, Premier says. Greenstone has engaged financial advisors to help identify financing options that may be available for the project, Premier adds.

By Allen Sykora of Kitco News; asykora@kitco.com

 

OceanaGold Gets Preliminary Approval To Extended Waihi Mine Life

Monday December 17, 2018 08:18

OceanaGold Corp. (TSX, ASX: OGC) says it has received preliminary approval for a plan to extend the life of the Waihi Mine in New Zealand. An independent panel of commissioners appointed by the Hauraki District Council and the Waikato Regional Council have granted all “resource consents” for the Martha underground mine and resumption of mining operations from stage 4 of the Martha open pit, subject to the outcome of an appeal period. “These consents represent a great outcome for the company, the town of Waihi and for the region, as the extended mine life provides our valued employees and our shareholders with more certainty that mining at Waihi will continue for at least the next 10 years,” says Mick Wilkes, president and chief executive officer. Parties that provided submissions during the initial public hearing process have until Feb. 1 to appeal the decision, the company reports. Waihi is projected to produce 75,000 to 80,000 ounces in 2018, according to OceanaGold’s website.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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