https://www.northernontariobusiness.com/
Greenstone Mine is among a string of new mine projects coming online along Lake Superior’s North Shore
The start of construction of an open-pit gold mine near Geraldton kicks off on Wednesday afternoon, Oct. 27, with a sod-turning ceremony.
Greenstone Gold Mines and its project operator, Equinox Gold, will have a groundbreaking ceremony attended by company officials and other ribboned dignitaries at the project site three kilometres south of Geraldton and 275 kilometres northeast of Thunder Bay.
Greenstone Gold Mines is a 60/40 joint venture between Equinox and Orion Mine Finance. The two companies took over the turnkey project last December, replacing Premier Gold and Centerra Gold as project co-developers. The mine is a revival of a former gold mining property that was actually rehabilitated during the 1990s.
The almost $1-billion development project is within the shadow of a legacy mining headframe and Highway 11 landmark at the site of the former Hardrock, MacLeod-Cockshutt and Mosher underground mines. The mines operated from the late 1930s until about 1970 and combined to produce more than two million ounces of gold.
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