Nevada has approved McEwen Mining’s (TSX: MUX; NYSE: MUX) final environmental impact statement (EIS) for its Gold Bar project and the company says it will start building the mine immediately.
“Gold Bar is the first new gold mine in Nevada to gain permit approval in several years,” the company’s chairman and chief owner, Rob McEwen, stated in a press release. “We advanced from draft environmental impact statement submittal to a record of decision in under eight months, a very brisk pace for the last leg of the permitting process.”
The company expects construction will take about 10-12 months.
Gold Bar is in the Battle-Mountain-Eureka-Cortez gold trend of Eureka County in central Nevada. The project is 40 km from Waterton Global’s Ruby Hill mine to the southeast and 56 km from Barrick Gold’s (TSX: ABX; NYSE: ABX) Cortez mine to the northwest.
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