Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The team at Snowline Gold (TSXV: SGD) is the recipient of the 2023 Robert E. Leckie Award for excellence in environmental stewardship from the Yukon government. The award was made at the recent Yukon Geoscience meeting.
The awards committee recognized various efforts and initiatives undertaken by the Snowline, including progressive reclamation of its surface disturbances, drill pad site optimization to minimize clearing, clean-up of a long-abandoned third-party exploration camp on its claims, and several projects launched in collaboration with Yukon Seed and Restoration (YSR), a First Nation of Nacho Nyak Dun majority-owned environmental business.
The projects with YSR include pre-disturbance botanical inventories for multiple work sites, local collection of native seed banks for future reclamation of surface disturbances, and the establishment of trial reclamation plots to assess the on-site effectiveness of various applications of these local seeds for rapid and effective revegetation.
In addition, Snowline’s Fork exploration camp is primarily powered by a 27.5-kW solar array, providing clean, on-site energy production that replaces and offsets carbon. The solar array and associated equipment are leased from the First Nations owned Nacho Nyak Dun Development and are installed and maintained by the Yukon renewable energy company Solvest.
Snowline has also initiated key environmental baseline studies, including water quality, hydrology, and wildlife surveying at and near its Rogue project’s Valley discovery from a very early stage in the exploration process.
