Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Canada's Agnico says Nunavut hearings delayed amid rise in COVID-19 cases

Published 2021-04-30, 11:14 a/m

By Jeff Lewis

TORONTO, April 30 (Reuters) - Canada's Arctic territory Nunavut has delayed public hearings about a key water disposal project at Agnico Eagle Mines' AEM.TO Meliadine gold mine, a company executive said on Friday, as the region grapples with a new wave of coronavirus.

The mineral-rich territory extended a public health emergency to May 13 on Thursday after the number of active COVID-19 cases hit 50, with Canada battling a third wave of infections largely driven by new variants. is an underground and open pit gold mine located near the western shore of Hudson Bay in the Kivalliq district of Nunavut, about 25 km (16 miles) north of Rankin Inlet.

Toronto-based Agnico is seeking approval to pipe excess groundwater from the mine into the Arctic Ocean and increase contaminants it can legally dispose of in a nearby lake.

Public hearings set for May 17-20 in Rankin Inlet have been indefinitely postponed, senior vice-president of operations for Canada and Europe Dominique Girard said on an analyst call.

There will be no operational impact due to lower-than-expected inflows of groundwater at the mine, he said.

Inuit leaders previously said pandemic lockdowns had hindered talks with Agnico over the plans. delay comes a day after top gold miner Newmont Corp NEM.N said it had paused operations at its Musselwhite mine in Ontario province to limit the virus spread. in January agreed to buy struggling TMAC Resources, increasing its sizeable presence in Nunavut, where it also operates the Meadowbank gold complex.

The miner said 219 employees, mostly in Mexico, tested positive for COVID-19 in the first quarter.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.