Newmont has received key regulatory authorizations from the government of British Columbia for the transition of its Red Chris gold-copper mine from current open-pit operations to block caving, extending mine life into the mid-2040s.
The province’s approvals include an amended Environmental Assessment Certificate (EAC), achieved through a consent-based process with the Tahltan Nation, as well as an amended Mines Act permit. The Red Chris mineral endowment offers decades of further upside potential beyond this initially permitted phase.
“The Red Chris Block Cave project represents a compelling long-term opportunity and today’s approvals mark a significant milestone in stage-gating as Newmont progresses toward a final investment decision later this year,” said Natascha Viljoen, Newmont president and chief executive officer.
“With significant mineral endowment, availability of clean hydroelectric power, port access, supportive governments, and strong Indigenous economic leadership, northwest British Columbia is emerging as a world-class mining district. We are proud to have advanced this project through a consent-based framework with the Tahltan Nation, reflecting our shared commitment to responsible resource development.”
Newmont has a 70% interest in, and operates, the Red Chris mine and surrounding tenements in a joint venture with Imperial Metals (30%).
Source: Newmont