The company says the update is very attractive for capital and economic reasons, but the projects have yet to be permitted by the federal and/or provincial authorities.
The project is expected to make a significant economic contribution to the region. Nearly C$200 million will be spent in the first 12 months after environmental approval, with a further C$1.03 billion in spending over the project’s planned operating life.
More than 1,000 direct jobs in construction and over 300 direct jobs in the operating phase are anticipated.
Environmental protection has been upgraded with an efficient infrastructure layout to fit within environmental and social constraints. The open pit will be used as the waste dump, leading to final landforms more closely aligned with the original project area. Pit optimization and efficient layout designs will drastically reduce disturbance at the Beaver Dam project.
The project economics are also…
