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Government of Canada approves Alamos Gold's Lynn Lake gold project in Manitoba

Kitco News

(Kitco News) - The Minister of Environment and Climate Change, the Honourable Steven Guilbeault, announced today that the environmental mitigation measures proposed for the Lynn Lake gold project in Manitoba provide a sustainable path forward for the project to proceed informed by the conclusions in the Environmental Assessment Report of the Impact Assessment Agency of Canada.

“The proposed open-pit gold mine and new metal mill located near the Town of Lynn Lake, about 1000 kilometres north of Winnipeg, was subject to a robust federal review based on scientific evidence and Indigenous knowledge,” the Impact Assessment Agency of Canada said in a statement.

Alamos Gold will redevelop two previously operational mines in the area: the Gordon and MacLellan sites. Once up and running, the mine is expected to operate for 13 years. The project will create up to 406 jobs during construction and 412 during its operation. Lynn Lake is one of the highest-grade open pit gold deposits in Canada.

The agency said that the Decision Statement issued today by the Minister establishes 177 conditions Alamos Gold must comply with throughout the life of the project.

These conditions include measures to protect the health and socio-economic conditions of Indigenous Peoples, their traditional and cultural practices, woodland caribou (boreal population), migratory birds, fish and fish habitat, the atmospheric environment, and water quality and quantity, it added.

"The Government of Canada is committed to protecting the environment for future generations while supporting economic development and job opportunities in Canada’s Northern Region. My decision to approve the Lynn Lake gold project was informed by a thorough federal environmental assessment based on scientific evidence and Indigenous knowledge. I am confident the strong legally-binding conditions established for the project will safeguard the environment and create a sustainable path forward,” stated the Honourable Steven Guilbeault, Minister of Environment and Climate Change.

According to a press release, the Lynn Lake gold project is the fourth mining project that has been approved following the completion of a robust federal assessment process in the last year. The other mines are the James Bay lithium mine project, the Marathon palladium project and the Valentine gold project.

Alamos Gold (TSX, NYSE: AGI) is a Canadian-based gold producer. The company currently operates three mines – two in Canada and one in Mexico – and has a portfolio of development stage projects.

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