Kinross’s Great Bear Project is a world-class project serving as a centerpiece of the Company’s development portfolio and has excellent potential to become a top-tier deposit that could support a large, long-life mine complex. Kinross is progressing studies and permitting for an advanced exploration program, has entered the federal approval process for the Great Bear Project, and continues surface exploration.
Detailed Company Page:
Kinross Gold Corporation is planning to develop, operate and eventually reclaim an underground and open pit, gold mine on the Great Bear Property, located approximately 20 km south of Red Lake. Kinross is a Canadian-based senior gold mining company founded in 1993. Kinross acquired Great Bear Resources Ltd. and the Property in 2022 and is committed to establishing a long-term presence in the Red Lake area. Kinross believes that responsible mining generates sustainable value for investors, host countries and communities. Kinross’ focus is to continue to add inferred resource ounces, define deep mineralization, continue exploration along strike, and identify new targets around the property. The Company planning to establish an underground decline to obtain a bulk sample and allow for more efficient exploration of deeper areas. Kinross is targeting a potential start of the advanced exploration program as early as 2024. Advanced engineering, detailed environmental studies, and permitting activities including the onset federal approval process have begun.
The Great Bear Project is currently undergoing a surface exploration program to understand geological potential. Since 2017, there has been over 550,000 metres (m) of diamond drilling on the Property (to December 2022). Kinross is currently working through the approvals process for an advanced exploration program. The work is to be planned to be initiated in 2024, pending consultation, regulatory approvals and a corporate decision to proceed. The goal of the program (and ongoing exploration drilling from surface), is to collect additional information to support a decision on whether to proceed to develop a mine and to support engineering design, the advanced exploration program is separate from the proposed main mine project. As part of the next steps in development in August 2023, Kinross entered the federal approval process for the Great Bear Project and completing an Impact Assessment. Kinross continues to work with regulators and Indigenous communities in advancing this process. One of the main goals of an Impact Assessment is to ensure that a development is carried out in a way that minimizes negative impacts and maximizes benefits to the surrounding environment and communities. The assessment considers potential environmental, health, social and economic impacts of proposed projects, including benefits.
Kinross is committed to regular, open dialogue and meaningful engagement with local Indigenous and regional communities through all phases of the Project. As a Company we prioritize health and safety and strive to create positive economic and social benefits and improve the overall quality of people’s lives in a manner that is sustainable beyond the life of mine, while being responsible stewards of the environment. Kinross and the Great Bear Project team recognizes that the Project is within the traditional territory of the collective members of the Anishinaabe Nation in Treaty #3 and acknowledge the Métis community as a distinct Indigenous people with a unique history, culture, language, and way of life.
Kinross is committed to a participative and collaborative process with local communities and other stakeholders within the framework of a long-term relationship. Through respect, listening and ensuring an equal balance of power we are committed to gaining mutual understanding, thereby supporting the community’s development priorities, in addition to the long-term success and sustainability of our operations.
For more information on Kinross and the Great Bear operations click here.