One of Northwest BC’s most prominent golf mines is now officially under new ownership.
Newcrest Mining has now finalized its purchase of Pretivm Resources, the operator of Brucejack Mine.
In November of last year, Newcrest agreed to acquire all common shares in Pretivm that it did not already own, for $3.5 billion.
Now that the sale has been finalized, the new owners are set to implement a new three-phased program to boost the long-term potential of the mine.
That plan will see them: improve safety and control measures and efficiency, introduce autonomous equipment, and improve efficiency and capacity, and more.
They predict Brucejack to produce up to 115,000 ounces of gold this year, and are expecting production to remain strong through 2030.
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