66 BCBusiness January 2015
StatuS: Red Chris is expected to begin commercial production
in early 2015, following some delays. The company has also
been dealing with the breach of its Mount Polley tailings dam
(see "The Spillover Effect," p.68) in August 2014. A third-party
review of the Red Chris tailings dam has been conducted.
Imperial says the cost of constructing Red Chris mine is
estimated at $643 million as of the third quarter of 2014.
StatuS: Citing the lower price of
its key commodity, New Gold said
in late 2013 that Blackwater would
be delayed and that it would focus
instead on its lower-cost Rainy
River project in Ontario. Black-
water is expected to cost about
$1.8 billion to build, based on a
2013 feasibility study. The com-
pany continues to advance the
Blackwater project through the
permitting phase and filed the
project's final environmental
assessment report with regulators
in October 2014.
Red ChRis (Copper/Gold)
owner: imperial Metals
loCation: 80 km south of Dease Lake in northwest b.c.
BlaCkwateR (Gold/silver)
owner: new Gold inc.
loCation: 160 km southwest
of Prince George and 110 km
southwest of Vanderhoof
m i n i n g ' S
pivotal Year
