Post by
Cr00ks604 on May 12, 2021 2:43pm
Tahltan to get share of Brucejack Mine revenue
Tahltan don't need to sacrfice burial grounds, hunting grounds, fishing, for mines. They have lots of wealth.
In their own words:
NO 'CULTURAL SACRIFICES'
At a gold price of $1,600, Brucejack now has an estimated after-tax net present value at a 5% discount rate of $2.13 billion over the 13-year mine
Nearly 500 people are employed at Red Chris, including 137 members of the Tahltan Nation.
The Tahltan Central Government, the governing body of the Nation, has a co-management agreement with Imperial Metals for Red Chris, which ensures Tahltan oversight of environmental issues surrounding the mine and guarantees a revenue-sharing agreement as well as training and career opportunities for Tahltan members. Red Chris is a significant employer of the Nation; approximately 40 percent of the current workforce is Tahltan …
Red Chris 2020 metals production was 88.3 million pounds copper and 73,787 ounces gold. Imperial’s 30% portion of production for 2020 was 26.5 million pounds copper and22,136 ounces gold. Metal production guidance (100%) provided by Newcrest for the period July 1, 2020 to June 30, 2021 is in the range of 55.1 to 66.1 million pounds copper and 45 to 55 thousand ounces gold.