New B.C. mines moving ahead in 2016

by Keith Powell
B.C. Energy and Mines Minister Bill Bennett predicts several new mines will move ahead in 2016.

B.C. Energy and Mines Minister Bill Bennett predicts several new mines will move ahead in 2016. — Photo courtesy BC Government

Despite challenging times in the mining sector, there are a number of new mine proposals for B.C. that are at various stages of development, and several that will be moving forward in earnest in 2016, according to Energy and Mines Minister Bill Bennett

“We can’t underestimate the importance of this fact, that this company (Pretium) has raised the money in the marketplace to go ahead and build this high-grade gold mine,” said B.C. Energy and Mines Minister Bill Bennett, said of Pretium Resources, in an interview with Business in Vancouver (BIV). “They’re plowing ahead. They’re going to build this thing.”

Here are the mine development projects that are underway in B.C.:

  • Pretium Resources Inc. (TSX:PVG) raised US$540 million in construction financing in 2015 for its new Brucejack gold mine in 2015, and construction is now underway.
  • Near the Yukon border by Watson Lake, a private company called JDS Silver—a subsidiary of JDS Energy and Mining Inc.—is proceeding with its Silvertip silver-lead-zinc mine, which could eventually employ 150 to 200 people.
  • The Atrum Coal NL anthracite mine project proposed for a site near Stewart.
  • An over $5.0 billion gold-copper mine project Seabridge Gold Inc. is still working to push ahead in northwestern B.C.

To read BIV’s complete Mining Outlook for 2016 click here

Source: BIV

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