Seabridge Gold mine in northwest B.C. to move ahead
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Seabridge Gold is planning on investing $150 million into its KSM Project located 65 kilometers northwest of Stewart.
The proposed site for a new gold mine has already received federal and provincial environmental assessment approvals and the company says it is the largest undeveloped gold project by resources in the world. The funding will go towards site capture and building power infrastructure that would tie into the already existing Northwest Transmission Line (NTL) at BS Hydro’s Treaty Creek Switching Station (TCT).
Seabridge says that approximately 75-85 per cent of the 150 million would go to local and Indigenous contractors. They also expect to create over 1,500 jobs annually during the initial five-year construction period and 1,400 onsite jobs during the mine’s lifespan.
The proposed site has resources totaling 38.8 million ounces of gold, over 10 billion pounds of copper, 183 million ounces of silver and 207 million pounds of molybdenum. The company estimates that the project will have an economic impact of $30.6 billion over the mine’s life span. Seabridge expects the mine to have a lifespan of 52 years.
