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Agreement with First Nation advances Greenstone Gold’s Hardrock Project

Greenstone Gold Mines, a 50/50 joint venture between Premier Gold Mines and Centerra Gold, has signed a definitive agreement with Long Lake #58 First Nation with respect to the development and operation of the Hardrock Project located in the Geraldton-Beardmore Greenstone Belt in northwestern Ontario.

The agreement formalizes Greenstone Gold Mines’ commitment to protecting the environment and supporting First Nation social and cultural practices.

“We are proud to stand together with Long Lake #58 First Nation in celebration of this achievement,” stated Eric Lamontagne, Greenstone Gold Mines’ general manager. “This is an agreement that will deliver sustainable economic and social benefits to the community for decades to come.”

“As the largest deposit within Premier’s portfolio, the Hardrock deposit remains a key asset in growing our production profile in the coming years,” stated John Begeman, executive chairman of Premier.

The agreement outlines provisions for environmental monitoring, employment, training, business and contracting opportunities, along with a framework for regulatory permitting.

Greenstone Gold is currently negotiating similar agreements with the other impacted First Nation communities.

An Environmental Impact Statement/ Environmental Assessment for the Hardrock Project was submitted to the Canadian Environmental Assessment Agency in July 2017.

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