The Canadian Environmental Assessment Agency (CEAA) has granted environmental assessment (EA) approval to Treasury Metals’ Goliath gold project in north-western Ontario.

Minister of Environment and Climate Change Catherine McKenna said that the project can proceed and is not likely to cause major adverse environmental issues provided the company follows mitigation measures.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Following this statement, Treasury Metals needs to proceed with other permissions and authorisations.

The agency followed a complete science-based environmental process before approving the gold mine project.

It also received input from the public, local groups and other federal departments to determine the environmental safety of the project.

McKenna decision statement establishes 144 legally binding conditions Treasury Metals must comply with throughout the life of the project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Treasury Metals CEO Greg Ferron said: “The company has made major commitments and efforts to advance the project, and we would like to thank the local communities, the representatives of the local Indigenous communities, the public, and the various government agencies for their work and participation throughout the EA. We look forward to the continued advancement of the project.”

The Goliath Gold Mine project consists of construction, operation, decommissioning, and remediation of the underground and open-pit goldmine located in the Kenora / Dryden district.

It is expected to create up to 450 jobs at the time of construction and 250 jobs during operations over the project life.

Project director Mark Wheeler said: “The EA approval allows us to devote full focus on the remaining technical studies and permitting, and to prepare for a future construction decision.”

In June, the CEAA released its draft EA report for the Goliath gold project.