Greenstone gold mine

Greenstone gold mine
Location
Greenstone Gold Mine is located in Ontario
Greenstone Gold Mine
Greenstone Gold Mine
Location in Canada
ProvinceOntario
CountryCanada
Coordinates49°40′39″N 86°55′42″W / 49.677409°N 86.928214°W / 49.677409; -86.928214[1]
Production
ProductsGold
History
Opened2024[1]
Owner
CompanyEquinox Gold
WebsiteGreenstone Gold Mine

The Greenstone gold mine is a Canadian gold mine located 5.6 kilometres (3.5 mi) southeast of the Town of Geraldton, Ontario.[1] The mine is an open pit mine owned and operated by Equinox Gold. It began operations in 2024.[2][3]

History

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Gold was first discovered in the Hardrock area in the 1910s.[4] In 1931, the first twelve mining claims in the area were made.[1] Originally called the Hardrock gold project, it was a joint venture between Premier Gold Mines and Centerra Gold. However, relations between the two companies soured in December 2019, when Centerra challenged the accuracy of a feasibility study in a legal suit. Centerra later dropped the suit and sold its stake in the project to Orion Mine Finance Group. In December 2020, Equinox Gold acquired Premier Gold Mines, with the deal being completed on April 7, 2021. With the acquisition, Equinox renamed the Hardrock project to the Greenstone project.[5][6][7] Equinox Gold later bought out Orion Mine Finance's stake in the project on April 2024, gaining 100% ownership.[8]

On December 13, 2018, the Canadian federal government announced its environmental assessment approval of the project.[9] On March 11, 2019, the province of Ontario approved the project after its own environmental assessment.[10][11] On October 27, 2021, construction began on the Greenstone gold mine.[12] The Greenstone gold mine achieved its first gold pour on May 22, 2024.[13] Equinox Gold officially opened the mine on August 29, 2024 and achieved commercial production on November 6, 2024.[14][15][16]

See also

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References

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  1. ^ a b c d "Ontario Mineral Inventory". GeologyOntario. 19 September 2024. Retrieved 8 January 2025.
  2. ^ "Greenstone gold mine ramps up into commercial production". Northern Ontario Business. 8 November 2024. Retrieved 8 January 2025.
  3. ^ "Technical Report on the Greenstone Gold Mine, Geraldton, Ontario" (PDF). Equinox Gold Corp. Retrieved 8 January 2025.
  4. ^ "Greenstone Gold Mines - History". Greenstone Gold Mines. Retrieved 8 January 2025.
  5. ^ "Premier and Centerra lock horns over Hardrock project". MINING.COM. 12 May 2020. Retrieved 8 January 2025.
  6. ^ McGee, Niall (16 December 2020). "Equinox to buy junior miner Premier Gold in all-stock deal worth $612-million". The Globe and Mail. Retrieved 8 January 2025.
  7. ^ "Equinox Gold Completes Acquisition of Premier Gold Mines, i-80 Gold Created | News". Equinox Gold. 7 April 2021. Retrieved 8 January 2025.
  8. ^ McClelland, Colin (24 April 2024). "Equinox buys out Orion for nearly $1bn as it readies Greenstone for first gold". MINING.COM. Retrieved 8 January 2025.
  9. ^ "Gold mine developer gets federal EA approval for Geraldton open-pit operation". Northern Ontario Business. 17 December 2018. Retrieved 8 January 2025.
  10. ^ "Hardrock Gold Mine". Ontario.ca. Retrieved 8 January 2025.
  11. ^ "Greenstone's Hardrock project approved by environmental ministry". MINING.COM. 28 March 2019. Retrieved 8 January 2025.
  12. ^ Walters, Jeff (28 October 2021). "Greenstone Mine officially under construction". CBC News. Retrieved 8 January 2025.
  13. ^ Pikal, Silvia. "First gold for Greenstone". CIM Magazine. Retrieved 8 January 2025.
  14. ^ MacDonald, Darren (29 August 2024). "Equinox Gold celebrates official opening of the Greenstone Mine". CTV News. Retrieved 8 January 2025.
  15. ^ Webb, Mariaan (7 November 2024). "Equinox's newest and biggest mine achieves commercial production". Mining Weekly. Retrieved 8 January 2025.
  16. ^ "Equinox Gold's Greenstone Mine Announces Commercial Production | News". Equinox Gold. 6 November 2024. Retrieved 8 January 2025.