Greenstone Gold Mines
Gold producer focused on environmental and social responsibility with extensive infrastructure access in Ontario, Canada.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | CAD995m Valuation: CAD2.5b | Acquisition | |
| Total Funding | 000k | ||
Greenstone Gold Mines is a gold production company located in the Geraldton-Beardmore Greenstone Belt in Ontario, Canada. The company operates through a 60-40 partnership between Equinox Gold and Orion Mine Finance, focusing on the development of the Hardrock Project and the Kenogamisis, Brookbank, and Viper Properties. Greenstone Gold Mines aims to become a leading gold producer while prioritizing environmental sustainability and social responsibility.
The company benefits from excellent infrastructure access, including the Trans-Canada Highway and the TC natural gas pipeline, which run along its properties. The mining operations will utilize conventional open-pit techniques, with hydraulic shovels, loaders, and mining trucks. Certain support activities, such as explosives manufacturing and blasting, will be outsourced to specialized service providers.
Greenstone Gold Mines serves a diverse range of clients, including investors in the mining sector, local communities, and various stakeholders interested in sustainable mining practices. The company operates in the precious metals market, specifically focusing on gold extraction and production. Its business model involves the exploration, development, and operation of gold mining projects, generating revenue through the sale of extracted gold.
The company has made significant progress in its projects, with federal and provincial environmental assessments approved, and a closure plan filed. Additionally, Greenstone Gold Mines has established long-term relationship agreements with Indigenous communities, focusing on consultation, business opportunities, and training.
Keywords: gold production, environmental sustainability, social responsibility, Ontario, open-pit mining, infrastructure access, Equinox Gold, Orion Mine Finance, Indigenous partnerships, Hardrock Project.