Kinross Gold’s Great Bear Project Undergoes Federal Impact Assessment – The Deep Dive

April 2, 2024

The Impact Assessment Agency of Canada (IAAC) has initiated a federal impact assessment for Kinross Gold’s (TSX: K) Great Bear Project, a step in the scrutiny process for one of Red Lake’s next generation gold mines.

Following a notification in March, IAAC has deemed a federal impact assessment necessary after reviewing the detailed project description and considering feedback from Indigenous communities, federal authorities, provincial ministries, and the public.

Kinross Gold acquired the promising gold project in February 2022 and plans to construct an open-pit mine approximately 23 kilometers southeast of Red Lake, near Highway 105. The proposed project outlines the development of three pits over an anticipated 20-year operational span, with the capacity to extract up to 60,000 tonnes of ore daily. Additionally, an on-site mill is projected to process up to 15,000 tonnes of ore daily.

Read More: https://thedeepdive.ca/kinross-golds-great-bear-project-undergoes-federal-impact-assessment/