The health and safety of our employees and the communities where we operate is our top priority. Atlantic Gold continues to take the appropriate, recommended measures from our government health officials to address the current and potential impacts of the COVID-19 virus. We are committed to meeting our responsibilities to our staff, their safety, and our shared environment. For key updates on Atlantic Gold’s operations, please subscribe to our newsletter here.
Atlantic Gold operates the Moose River Gold Mine just outside Middle Musquodoboit, Nova Scotia, employing over 300 local people. We also have three proposed mine sites in various stages of the federal environmental assessment process. As demonstrated with our mine at Moose River, we work with the government and communities to minimise our environmental impact, while creating responsible and sustainable economic opportunity from mining the world’s most precious metal.
Moose River Active
This province’s only operating gold mine, Moose River provides full-time employment to over 300 Nova Scotians, plus indirect and contractor positions. The mine produces over 90,000 ounces of gold a year.
In 2018, Atlantic Gold spent over $21 million on environmental efforts at Moose River, which included initial efforts that led to the clean-up of over 50,000 tonnes of contaminated residual material that were the remains from mining conducted in the 1800’s and early 1900’s, better known as historic tailings. The Moose River Mine is an anchor employer in a rural part of Nova Scotia that provides high-paying jobs (average of $84,000/year) to hundreds of people.
As part of the approval process to commence construction at Moose River, Atlantic Gold was required to submit comprehensive plans for site reclamation and post an incremental reclamation bond with the provincial government to back up and support its approved site reclamation plans.
The reclamation bond for the Moose River Mine currently sits at over $10 million. The reclamation plan and financial bond ensures that the Moose River Mine site will be fully reclaimed. We view this as an essential element in all of our planning.
Cochrane Hill Proposed
A proposed site that includes the construction, operation, decommissioning, and reclamation of a surface gold mine located within Guysborough County. As proposed, the Cochrane Hill Gold Project would include one open pit, material storage, site infrastructure, crusher and concentrator facilities, an above-ground tailings management facility, mine site haul roads, and access roads. The project involves crushing and concentrating, with the concentrate shipped to the Moose River Mine for final processing.
This project will create 731 jobs during the one-year construction phase of the project and 321 jobs during the six-year project lifespan. It is anticipated that construction will begin in 2022 and the mine would begin operating in 2023.
Beaver Dam Mine Proposed
A proposed site that includes the construction, operation, decommissioning, and reclamation of a surface gold mine in Marinette, Nova Scotia. As proposed, the Beaver Dam Mine Project would include an open pit, a materials storage facility, mine haul roads, mine infrastructure for crushing and haul-out, and road upgrades. The ore from Beaver Dam would be direct shipped by truck to the nearby Moose River Project for processing at its Mill facilities via existing woodland and provincial roads.
The mine would create approximately 220 jobs and have a proposed project timeline of four years. Construction is anticipated to begin in 2021 and the mine would begin operating in 2022.
Fifteen Mile Stream Proposed
A proposed site that includes the construction, operation, decommissioning, and reclamation of a surface gold mine. As proposed, the Fifteen Mile Stream Project would include one open pit, material storage, site infrastructure, crusher and concentrator facilities, an above-ground tailings management facility, mine site haul roads, and access roads. The project involves crushing and concentrating, with the concentration shipped to the Moose River Mine for final processing.
The Project would create up to 298 jobs, $127.4M construction cost and have a proposed project timeline of six years. During construction, there will be more than 900 jobs supported.
Construction is anticipated to begin in 2021 and the mine would begin operating in 2022.
We have a deep respect for the communities and the environment where we work and live. We take regulatory compliance very seriously, and where possible, go beyond what is required of us when it comes to protecting the environment.
We have submitted an Environmental Impact Statement for the Beaver Dam project to federal/provincial officials and are preparing for similar submissions on Fifteen Mile Stream and Cochrane Hill. We’ve developed a plan to assess the potential environmental impacts and economic opportunities of these projects based on strict science-based guidelines received from the federal and provincial agencies. These guidelines ensure that the project developments proceed in a responsible way and includes public participation.
We ensure that the concerns of local residents and nearby communities are always thoughtfully considered when embarking on a project. Our efforts in this space include engagement with Indigenous communities, localized physical and cultural heritage impact assessments and reviews of the socioeconomic conditions of the areas in which we operate.
Some of the key environmental studies underway for our project sites include monitoring and measuring of the following valued environmental components for the projects:
- Noise, Air, Light, and Greenhouse Gases
- Geology, Soil, and Sediment Quality
- Groundwater and Surface Water Quality and Quantity
- Fish and Fish Habitat
- Habitat and Flora
- Terrestrial Fauna and Birds
- Species of Conservation Interest and Species at Risk
Community and Economic Impact
We believe in creating and fostering prosperity and opportunity for families in rural Nova Scotia. We help build communities by providing well-paying jobs, through volunteering our time and resources, donating funds, and in-kind support of local groups, events, and initiatives.