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 Tr’ondëk Hwëch’in First Nation announced that it has submitted letters of support for the timely renewal of the Brewery Creek water license and quartz mining license to the Yukon Water Board and the Yukon Environmental and Socio-economic Assessment Board.
The Brewery Creek gold mine project is owned by Vancouver-based Golden Predator Mining (TSX.V: GPY) and operates under a socio-economic accord with the Tr’ondëk Hwëch’in.
The project currently holds valid licenses which expire on December 31, 2021. Thus, with the First Nation support, Golden Predator submitted renewal applications on existing terms and conditions for 10-year extensions.
Located 55 kilometers from Dawson City, Brewery Creek is a brownfield, heap-leach gold mine that was operated by Viceroy Minerals from 1996 to 2002
“Tr’ondëk Hwëch’in has a long history of both direct involvement and consultation about the property with its various owners, including an amended and restated socio-economic accord signed in 2012,” the mining company said in a press release.
“Golden Predator is applying for renewals of the licenses with the same terms and conditions [and] will consider further licence amendments in the future which would be assessed separately, based on what the company proposes following the completion of the feasibility study.”
Located 55 kilometers from Dawson City, Brewery Creek is a brownfield, heap-leach gold mine that was operated by Viceroy Minerals from 1996 to 2002.
According to Golden Predator, a feasibility study on the project is being conducted by Kappes Cassiday & Associates and it will include a multi-year mine plan, an inventory of the mineralized material remaining on the heap and mine planning for the resumption of the mining of material from leachable resources contained within the licensed area.
