Ontario Accelerates Kinross’ Great Bear, First Gold Target In 2029

  • Ontario’s “One Project, One Process” designation puts Kinross’ Great Bear on a faster permitting clock, while the project’s published 2027 construction and 2029 production targets anchor the timeline.

Ontario has designated Kinross’ Great Bear Project for accelerated permitting under its “One Project, One Process” framework, with the province saying government review times will be reduced by 50% for the Red Lake district gold development.

Energy and Mines Minister Stephen Lecce said the framework is intended to provide “certainty to investors and predictability to the market,” arguing Ontario can speed up permitting while maintaining rule-of-law conditions attractive to large-scale mine builders.

Great Bear becomes the third project selected by Ontario for the framework and the first gold development to enter the program, following Frontier Lithium’s selection as the initial recipient when the framework launched in October and Ontario’s announced backing for Canada Nickel’s Crawford project last month.

The project is located in Ontario’s Red Lake mining district, described locally as roughly 24 kilometres southeast of Red Lake, and is planned as a combination open-pit and underground mine.

Kinross acquired Great Bear as an early-stage project through its purchase of Great Bear Resources in 2022, completed before any mineral resource estimates had been finished.

The project has an initial mine life of 12 years, with expected production of more than 500,000 ounces of gold annually for the first eight years, based on company disclosures cited from 2024. Local reporting also characterizes the project as capable of producing more than 5 million ounces of gold over a 12-year period.

On schedule, Ontario’s statement said major construction is expected to begin in 2027, with production planned for 2029.

However, consultation remains a live issue around the framework. North Spirit Lake Chief Brandon Rae previously criticized streamlining as pushing First Nations aside, while Ontario countered that the framework is meant to be more coordinated and transparent for Indigenous consultation and to encourage participation through employment, training, and partnerships.


Information for this briefing was found via Financial Post, NWO Newswatch, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

The Hidden Environmental Cost of Fertilizer | Robin Dow

Could Silver Stay This High? | Joaquín Marias – Argenta Silver

Can Historic Silver Data Turn Into a New Mine? | Rob Macdonald – Equity Metals

Recommended

Goliath Resources Secures 100% Ownership of Golddigger Property in BC’s Golden Triangle

PTX Metals Reports 213 Meters Of Mineralization In Latest Drill Hole At W2 Project

Related News

Ontario Launches $500M Fund Targeting Critical Mineral Processing Buildout

Ontario has launched a $500 million Critical Minerals Processing Fund to expand domestic processing capacity...

Tuesday, December 16, 2025, 02:53:00 PM

Ford May Seek Ontario Vote Over Costs of US Tariff Response

Ontario Premier Doug Ford suggested holding an early election if his government must spend billions...

Wednesday, January 15, 2025, 11:53:00 AM

Ontario Is Not Prepared For Its Future Population

Ontario’s population is expected to surge by 30% in the next two decades, but some...

Monday, August 29, 2022, 10:41:00 AM

Kinross Gold’s Great Bear Project Undergoes Federal Impact Assessment

The Impact Assessment Agency of Canada (IAAC) has initiated a federal impact assessment for Kinross...

Tuesday, April 2, 2024, 10:01:51 AM

Aurion Resources Sees Kinross Gold Purchase Company Shares To Maintain 9.98% Equity

Aurion Resources Ltd. (TSXV: AU) announced yesterday a non-brokered private placement with Kinross Gold Corporation....

Saturday, November 20, 2021, 05:03:00 PM