The Vancouver-based company, which is 26% owned by the Lundin family trust, is proposing the $572 million project that environmentalists are fighting. Located near the border with El Salvador, it would produce 2.7 million oz. gold over 14 years, according to a feasibility study issued in early 2022. In July, the company began a review to sell its assets.
“After dedicating over two years to obtaining the environmental permit amendment, we are pleased,” president, CEO and chairman Peter Hemstead said in a release. “We will continue with our strategic review, and having the environmental permit in hand helps de-risk the project.”
Environmentalists contend the project, which Bluestone acquired from fellow Canadian miner Goldcorp in 2017 for C$18 million plus shares valued at roughly 9.9% of Bluestone, will pollute the Güija lagoon and Lempa river, the main water source for San Salvador, the Salvadoran capital.
Hemstead says…
