Argonaut Gold has received federal government approval of assessment for its wholly owned Magino Project in Ontario, Canada.

Minister of Environment and Climate Change Catherine McKenna made the decision, under the Canadian Environmental Assessment Act, 2012.

Prior to the decision, the Canadian Environmental Assessment Agency (EA) carried out a thorough and environmental assessment of the project.

Indigenous groups, the public and federal departments including Fisheries and Oceans Canada, Environment and Climate Change Canada, Natural Resources Canada, Health Canada and Transport Canada also participated in the assessment of the project.

Argonaut Gold president and CEO Pete Dougherty said: “The approval of the EA is the completion of a major milestone for the Magino Project, a process that included cooperation of the company, Indigenous and non-Indigenous communities and the Canadian government to the benefit of all stakeholders.

“As demonstrated in our Feasibility Study published December 2017, the size, location, existing infrastructure and economics of the project give Argonaut significant flexibility to explore options around Magino on our own or with partners.”

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
“The approval of the EA is the completion of a major milestone for the Magino Project.”

The company now plans to continue to secure other key authorisations required for the project, while continuing its detailed design and engineering efforts.

At present, subsequent key authorisations that are underway for Magino include the conclusion of the Provincial EA, the construction permit, the mine closure plan and the Schedule 2 authorisation.

The Provincial EA is set to conclude in the first half of this year, with subsequent authorisations expected during 2020.