Gold miner St Barbara said that concerns about the potential delay to its Atlantic operations have been removed with the company’s application to the Impact Assessment Agency of Canada (IAAC) for both Beaver Dam and Fifteen Mile Stream to remain under the Federal Canadian Environmental Assessment Act (CEAA) process having been approved.
IAAC’s determination to remain under CEAA noted that the environmental assessment for both projects was well advanced and met the criteria for the process.
As a result, Beaver Dam remains on track for first ore to be delivered prior to the completion of stockpile processing at Touquoy in December 2024.
St Barbara said that a further update on Fifteen Mile Stream would be provided in the second quarter of this financial year.
“Today’s positive outcome with the Canadian federal government builds on the successful permits from the Nova Scotia government for the clay cut back and tailings lift permit,” St Barbara MD and CEO Craig Jetson said.
“We now have greater certainty for both projects and this demonstrates that the federal Canadian government and Nova Scotian government permitting processes are robust and functional. This is particularly pleasing given my recent interactions with key stakeholders in Nova Scotia, which has enabled improved coordination and communication with both the Nova Scotian government and the Canadian federal government. We will continue to progress the development of Beaver Dam and Fifteen Mile Stream and I look forward to updating the market in the future on these growth projects.”