Lumina Gold secures ‘slightly better’ Ecuador terms with Cangrejos mining permit, analyst says
The contract includes $25 million in advance royalty payments to the government split into four stages.
Osisko Mining (TSE:OSK) says the average salary for one its miners is $87,000, 66% higher than the average wage in the surrounding area.
The Quebec miner filed a local and regional economic impact study with the Ministry of Sustainable Development, Environment, Wildlife and Parks and announced the findings on its website.
The Malartic Mine in Quebec is the largest open pit gold mine in Canada.
Other highlights from the report were the following: