St Barbara says a revised environmental impact statement (EIS) for Beaver Dam is in progress with federal approval anticipated in March 2022. When it is approved, the company will apply for industrial approval from the province, which would allow construction to begin with the start of mining in December 2023.
The EIS for Fifteen Mile Stream is expected to be complete in September 2023, with first production scheduled to sometime in 2025.
Initial production from Cochrane Hill was scheduled for January 2023, but the permit delays and the pending decision on the Archibald Lake study have pushed the date back to 2028.
The Touquoy gold mine reached commercial production in March 2018 and was acquired by St Barbara in mid-2019. The mine produced 106,663 oz. of gold in the 2020 fiscal year. With the acquisition of Moose River Resources earlier this year, St Barbara now owns 100% of the Touquoy mine and nearby exploration properties in the Moose River Corridor.
(This article first appeared in The Northern Miner)
