Mining activities affected by a wildfire in central British Columbia are set to resume after the provincial government lifted its evacuation order in certain areas.
On July 22, the B.C. Wildfire Service issued an evacuation order in the provinc’es central region that included Artemis Gold‘s (TSXV: ARTG) Blackwater mine and the Cariboo gold project held by Osisko Development (NYSE: ODV; TSXV: ODV).
Both companies confirmed on Friday that the order has been lifted, and normal activities will resume following the return of non-essential employees to their respective sites.
The Blackwater mine, located approximately 160 km southwest of Prince George, is currently on track for production this year. Construction of the mine, along with a 6-million-tonne-a-year processing facility, is near completion.
The Cariboo project, about 74 km east of Quesnel, is in the pre-construction stage with its permits pending. The underground mine is expected to operate for 12 years and produce about 1.8 million oz. of gold.
The mine site infrastructures were unaffected by the wildfires, and all access roads to both projects are accessible, the companies said.
Shares in Artemis Gold gained 4% to $11.41 apiece by mid-Friday in Toronto for a market capitalization of $2.4 billion. Osisko Development rose 1.4% to $2.90, capitalizing the company at $247.6 million.
Be the first to comment on "BC gold miners resume projects after wildfire"