Cover photo: Touquoy open pit gold mine at Moose River. Photo courtesy Raymond Plourde On October 17 and 18, mining industry representatives and between five and 10 government officials will gather at the Alt Hotel at the Halifax Airport for the province’s first-ever “gold show.” The gold show is being organized by the Mining Association […]
The $722 million deal
An Australian company is buying the Vancouver company that owns Nova Scotia’s largest gold mining operation; what’s in it for us?
Here’s the deal. On Wednesday, May 14, an Australian gold mining company called St. Barbara Limited, with one gold mine in Australia and a second one in Papua New Guinea, agreed to pay $722 million for Atlantic Gold Corporation, which operates one open pit gold mine in Nova Scotia, has proposed three more along the […]