Cariboo Gold Mine in Wells, B.C., gets approval, but a First Nation is opposed
VICTORIA — An operating permit has been granted for the Cariboo Gold Mine in central British Columbia, a project that’s expected to process 1.1 million tonnes of gold-bearing ore a year but is still opposed by a First Nation.
The B.C. government says in a news release that Barkerville Gold Mines, owned by Osisko Development Corp., was issued the permit for the underground mine in a process that took 13 months to complete.
The mine will employ more than 630 people during construction with an initial $137-million investment and another $918 million over the life of the mine.
It says waste rock from Cariboo will be stored at the Bonanza Ledge Mine near Barkerville, which is also owned by Osisko.