Business · Energy & Commodities · 1 hr ago
Ontario fast-tracks proposed $450 million gold mine near Matheson
Ontario has fast-tracked Mayfair Gold’s proposed Fenn-Gib project under a provincial framework meant to speed up mine approvals.
The proposed $450 million open-pit mine is 17 kilometres east of Matheson in northern Ontario and would include an on-site mill.
If it operates, the company expects 250 permanent jobs and 450 construction jobs.
Mayfair says the designation gives it a more predictable permitting path, with a timeline of 18 to 24 months.
The project could support local economic growth, but the mayor says more housing will be needed to prepare for it.
Discussions with Indigenous communities are ongoing, and the company says a formal impact benefit agreement is an important next step.
Engineering and permitting work is expected to continue through 2028.
Ontario has fast-tracked Mayfair Gold’s proposed $450 million Fenn-Gib open-pit gold mine near Matheson.
The project is 17 kilometres east of Matheson and would include an open pit and an on-site mill.
Mayfair Gold says the mine could create 250 permanent jobs once operating and 450 jobs during construction.
The company is looking at an 18-to-24-month permitting timeline under Ontario’s One Project, One Process framework.
Local officials welcomed the potential economic benefits, while noting that housing demand would be a challenge.
- Who
- Mayfair Gold is proposing the mine. Ontario has designated the project for fast-tracked approvals.
- What
- A proposed $450 million open-pit gold mine with an on-site mill.
- When
- The project has been fast-tracked. Engineering and permitting work is expected to continue through 2028.
- Where
- 17 kilometres east of Matheson, in the Town of Black River-Matheson, Ontario.
- Why
- Ontario says the framework is intended to streamline approvals and attract mining investment. Mayfair Gold says it could provide a more predictable path toward construction.
This story does not have two clearly opposing sides.
BNN Bloomberg reported that the proposed Fenn-Gib project had been designated under Ontario’s One Project, One Process framework.
Mayfair Gold said it was looking at this permitting timeline.
Engineering and permitting work is expected to continue.
- Proposed investment
- $450 million
- Project location
- 17 kilometres east of Matheson
- Permanent jobs
- 250 expected once operational
- Construction jobs
- 450 expected
- Permitting timeline
- 18 to 24 months
- Engineering and permitting work
- Through 2028
What people are saying
Today, we are among the fastest.
So that’s huge, and what this really allows is improved certainty in that time frame.
The opportunities for us are tremendous.
Housing would be the first one.