Delay in Yukon project's review costly: mining company
Board says Golden Predator has to resubmit Brewery Creek plan
The company behind the Brewery Creek gold mining project near Dawson City, Yukon, says a recent decision by Yukon's environmental assessment board is unnecessarily stalling its project.
YESAB has told Golden Predator it has to resubmit its plan for development of the property to YESAB’s Executive Committee after it determined its Dawson City Designated Office does not have the jurisdiction to assess the proposal. This means the project will undergo a more thorough review.
Golden Predator said an Executive Committee assessment would extend the period of review, adding significant costs to the review and permitting process.
"It is our belief that the decision has direct adverse implications not only for our company but most importantly for the Tr'ondëk Hwëch'in who stand to lose significant business opportunity and sustainable community benefits which would undoubtedly rise from the operation of this project at Brewery Creek," said Janet Lee-Sheriff, Golden Predator’s vice-president of Communications and First Nation Relations.
"We are also concerned for local businesses in Dawson and other areas of the Yukon who would have had business opportunities."
Golden Predator stock has dropped by about 25 per cent since the YESAB decision was issued.