A provincial decision-maker granted Osisko Development Corporation, an operating permit under the Mines Act for its Cariboo Gold Mine in Wells.
The permitting process for the project was completed in 13 months, following a technical review in collaboration with First Nations.
Cariboo Gold is an underground mine that will employ approximately 634 people during construction and see an initial investment of $137 million and another $918 million over the life of the mine.
It will have the capacity to process approximately 1.1 million tonnes per year of gold-bearing ore.
A permit under the Environmental Management Act (EMA) for the Cariboo Gold project is under consideration with a statutory decision-maker in the Ministry of Environment and Parks. A decision is expected in the coming weeks.
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