Image from Newmont.
Newmont (NYSE: NEM, TSX: NGT) commemorated the 10th anniversary of the Red Chris mine in British Columbia and the successful co-management with the Tahltan Nation at a weekend event in Dease Lake, announcing an C$8 million ($5.8m) community investment to benefit the Tahltan communities of Telegraph Creek, Dease Lake, and Iskut.
The world’s biggest gold miner acquired Red Chris in 2023 when it bought Newcrest in a $17 billion deal and has since been eyeing further expansion in the copper-rich Canadian province.
Red Chris is an open-pit copper and gold mine that employs around 220 Tahltans and generates approximately C$100 million annually in business with the Tahltan Nation Development Corporation (TNDC).
The mine pays annual royalties to the Tahltan Heritage Trust and contributes mineral tax revenue to the Province of British Columbia, which is shared directly with the…
