Canadian Mining Journal


GOLD: Anaconda, Mi’kmaw chiefs sign MOU for Goldboro

Underground development is advancing at the Goldboro project in Nova Scotia. (Image: Anaconda Mining)

NOVA SCOTIA – Toronto-based Anaconda Mining and the Assembly of Nova Scotia Mi’kmaw Chiefs signed a memorandum of understanding for the Goldboro gold project 185 km northeast of Halifax. The MOU will govern the process by which the parties will negotiate a mutual benefits agreement.

The assembly of chiefs includes 13 individuals, and it is the highest level of collective governance for the province’s Mi’kmaq (

Anaconda’s preliminary economic assessment for Goldboro last year envisioned a mine with a life of 8.8 years that would produce 375,900 oz. of gold at an all-in sustaining cost of US$615 per ounce. The measured and indicated resource is 3.8 million tonnes grading 4.96 g/t and containing 602,700 oz. The inferred resource is 2.1 million tonnes grading 6.63 g/t and containing 453,200 oz. of gold. Roughly, the measured and indicated contained ounces are found 20% in ore recoverable by open pit methods and 80% by underground methods.

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