Gold mine opening planned by 2015

Heather Latter

Having recently received positive results from the latest Preliminary Economic Assessment (PEA) of the gold resource at its site north of Barwick, Rainy River Resources now is ready to move forward with its Rainy River Gold Project.
The objective is to have the mine and associated gold-processing plant operating by the end of 2015.
“Going forward from here, we still have a lot of work to do,” Garett Macdonald, the company’s vice-president of Operations, admitted this morning.
“But we’re focused now on going through the process of permitting and feasibility,” he stressed.
The company, which has been doing exploration drilling for several years now, will be initiating the mine environmental assessment and permitting process in the first quarter of 2012.
It expects to be able to begin construction of the mine early in 2014, with about a two-year construction period.
Kyle Stanfield, the company’s director of Environment & Sustainability, indicated such an operation will mean a capital investment of roughly $680 million over the next four years, resulting in the generation of 600 full-time jobs with an anticipated mine life of more than 13 years.
They also anticipate about 600 temporary jobs during the construction period.
“Although it shows a 13-and-a-half year mine life, we are not stopping drilling,” Macdonald noted.
“In fact, we’re accelerating it to find additional resources to extend the mine life,” he stressed, adding it’s certainly possible the mine will have a longer lifespan.
Rainy River Resources is very excited about the opportunities an operational mine would bring to the district.
“We know there are a lot of people who have moved to Alberta for work and there’s going to be a lot of opportunity for people to come back,” Stanfield said.
“There’s hope for families to have their youth come back for jobs.”
Stanfield added the company plans to be out in the community over the next two years to keep everyone up-to-date on the process.
“We’ll hold open houses, information updates, which will be a key way for us to communicate what the plans are,” he remarked.
“It’s part of the whole environmental assessment process in Canada, and it’s part of being a good neighbour so people know what it’s all about.”
And Stanfield said with the infrastructure needed to support the operation mostly already in place, this project stands out in Ontario as one that is truly “shovel-ready.”