Overview

• The open-pit project is owned by Toronto-based NexGold Mining Corp. and follows a multi-year provincial assessment that began with a 2018 filing.
• Ottawa must still issue its environmental decision before any site work can begin.
• Provincial officials forecast about $528 million in tax revenue over 15 years, 230 on-site jobs, and hundreds of spinoff positions.
• The province has leased 779 hectares of Crown land for the project, and NexGold has benefit agreements with the Guysborough municipality and the Assembly of Nova Scotia Mi'kmaw Chiefs.
• The industrial approval imposes monitoring and reclamation requirements, backed by a $41 million bond, and includes a 1% net-revenue royalty to the province.