The most advanced project in the area, situated about 520km northeast of Yellowknife, is Sabina’s Goose gold, which is is full permitted and construction ready.
Goose is expected to become Nunavut’s third operating mine in 2025, when it starts commercial production. The other two are run by Agnico Eagle.
It is also slated to average 223,000 ounces of gold annually over a 15-year life of mine from 3.6 million ounces of mineral reserves averaging 5.97 g/t gold. This makes it one of the highest-grade gold development projects in the world.
“We are confident that the district has strong untapped upside with numerous avenues for resource growth,” B2Gold chief executive officer Clive Johnson said in the statement.
The B2Gold team has experience building mines in the Arctic, as it set the Julietta and Kupol mines in Russia via B2Gold predecessor company, Bema Gold. The miner said it sees potential to increase Goose’s…
