The most advanced project is the Ascot Resources (TSX:AOT) Premier Gold mine, located in northwestern B.C. on Nisga’a Nation treaty land. The company recently raised C$200 million to finance its construction, which is now underway. The company is aiming to pour first gold in early 2024.
Next in the queue is the Artemis Gold Inc. (TSX-V:ARTG) Blackwater Gold mine. The company has begun earthworks and expects a Mines Act permit this quarter. The company is aiming to start major construction in the first quarter of 2023 and be in production by the second half of 2024.
One project of note that is nearing the advanced development stage is Cariboo gold project. Formally known as Barkerville Gold, the mine’s owners, Osisko Development Corp. (TSX,NYSE:ODV), recently produced a new feasibility study that estimates a low initial capital cost of C$137 million and projects annual gold production of 72,501 ounces of gold per year in the…
