The long-awaited Stibnite gold project in Idaho has received its record of decision (ROD) from the U.S. Forest Service.<\/p>\n\n\n\n
The producer said the crucial element of its permitting process is the culmination of eight years of analysis, consultation, investigation and extensive public feedback. When active, Stibnite will become the only domestic reserve of antimony, allowing the once-abandoned mine site to offer environmental, economic and national security benefits.<\/p>\n\n\n\n
With the ROD now in-hand, Perpetua has turned its focus to advancing the project towards a construction decision, including finalizing the remaining federal and state permits and securing project financing.<\/p>\n\n\n\n
\u201cWe are thrilled to receive our final record of decision from the Forest Service,” said Jon Cherry, President and CEO. \u201cThis approval elevates the Stibnite Gold Project to an elite class of projects in America that have cleared NEPA. The Stibnite gold project can deliver decisive wins for our communities, the environment, the economy, and our national security.”<\/p>\n\n\n\n
Locally, the project is anticipated to provide more than one billion investment dollars and an average of 550 jobs to rural Idaho during operations. <\/p>\n\n\n\n
Stibnite is projected to be one of the highest-grade open pit gold mines in the country. It contains an estimated 4.8-million-ounce gold reserve and is anticipated to produce 450,000 ounces of gold annually over the first four years of production.<\/p>\n\n\n\n
In addition, the estimated 148-million-pound antimony reserve is the only identified antimony reserve in the United States and is expected to supply roughly 35% of U.S. demand in the first six years of operations, based on 2022 U.S. annual consumption as set forth in the 2023 USGS antimony commodity summary.<\/p>\n\n\n\n