Northwest British Columbia lies within the famous Golden Triangle, home to world-class deposits of gold and copper – a metal key to the green energy transition.
Newmont signalled renewed interest in BC by acquiring a 50% stake in the Galore Creek copper-gold project in 2018 in a joint venture with Teck Resources (TSX: TECK B).
“Both operations represent our commitment to building a multi-decade presence in this province anchored by sustainable and responsible mining practices,” Workman said.
A McKinsey study projects that global copper demand will increase by 30% by 2035, yet Canada’s copper production has declined by 20% over the last decade, and this growing supply-demand gap represents an enormous opportunity for British Columbia, Workman noted.
The area of Northwest BC is home to 75% of Canada’s known copper resources. Conventionally known as the Golden Triangle, we also view this…
