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Blackwater gold/silver project, Canada

14th June 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Blackwater gold/silver project.

Location
The project is located in British Columbia, Canada.

Project Owner/s
New Gold.

Project Description
New Gold aims to build and operate an openpit gold and silver mine, which will produce 60 000 t/d of gold and silver ore over a mine life of 17 years.

Potential Job Creation
The project could create up to 1 500 jobs during construction and 495 during operations over the life of the project.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
C$1.8-billion.

Planned Start/End Date
Not stated.

Latest Developments
Federal Environment and Climate Change Minister Catherine McKenna has approved the project, enabling New Gold to obtain any additional permits from federal departments.

The Minister has concluded that the project will not cause significant adverse environ-mental effects when mitigation measures are taken into account.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
New Gold, tel +1 416324 6000 or email info@newgold.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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