Newmont approved for Canada copper and gold project

Canada

DENVER, June 22, 2026 – Newmont has received key regulatory approvals from British Columbia for the Red Chris Block Cave project in Canada, clearing the way for the mine’s transition from open-pit operations to block caving and supporting a potential FID in 2026, Newmont said on Thursday.

Red Chris is a gold and copper mine in British Columbia with estimated resources of 4.4 million ounces of gold and 1.3 million tonnes of copper. Newmont holds a 70% interest and operates the asset, alongside partner Imperial Metals.

The approvals include an amended Environmental Assessment Certificate and an amended Mines Act permit, which allow an extension of mine life into the 2040s.

“The Red Chris Block Cave project represents a compelling long-term opportunity and today’s approvals mark a significant milestone in stage-gating as Newmont progresses toward a final investment decision later this year,” said Newmont president and CEO Natascha Viljoen.

Newmont said it is completing a definitive feasibility study and detailed cost estimate for the project, which the company estimates could increase Canada’s peak copper production by about 15%.

In Canada, Newmont also owns and operates the Brucejack gold and silver mine and holds a 50% stake in the Galore Creek copper-gold deposit, both in British Columbia. Globally, the company holds mining assets in Ghana, Australia, Papua New Guinea, the US and five countries in Latin America.

Photo courtesy of Newmont

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