Gold exploration and mining companies are lining up to get at Nova Scotia’s gold, as the province undergoes a fourth gold rush. In 2017, Atlantic Gold opened the province’s first-ever open pit gold mine in Moose River, with plans to open three more along the Eastern Shore, in what it described to potential investors as […]
After the gold rush
Nova Scotia is ignoring the toxic legacy of past mining manias while rushing headlong into the next
If learning from past mistakes were a government tradition in Nova Scotia, the current government would not be exhibiting all the symptoms of gold fever. But it is, and it looks like a raging bout of the affliction. In the past few years, it has amended legislation based on recommendations made by the industry’s cheerleader-in-chief, […]
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 […]