Exploration Target at Golden Crown to Focus on Resource Growth
Pictured: Leadership and community members of Tahltan Nation; Hon. Jagrup Brar, BC Minister of Mining and Critical Minerals; and leadership from Newmont’s Canadian team
The investment will fund a range of projects aimed at improving community well-being, including the development of community-use spaces, recreation facilities, and greenhouse space. A portion of the investment will also support planning and pre-development efforts to improve housing in each community.
The Red Chris Mine is an open-pit copper and gold mine that has become a key economic pillar in Tahltan territory, employing approximately 220 Tahltans and generating approximately $100 million annually in business with the Tahltan Nation Development Corporation (TNDC). In addition, the mine pays annual royalties to the Tahltan Heritage Trust and contributes mineral tax revenue to the Province of British Columbia which is shared directly with the Tahltan Nation.
The Red Chris Mine is managed in close partnership with Tahltan Nation through an Impact Benefit and Co-Management Agreement ensuring that Tahltan expertise, perspectives, and values guide the operation, and serving as a leading example of reconciliatory resource development.
Rich in the critical minerals that the world uses for electrification, emerging technologies, and to manufacture the products we use every day, Tahltan Territory and the Red Chris Mine have long been a key contributor to the British Columbia economy. Newmont looks forward to building on the legacy of the past ten years as we grow the relationship with Tahltan Nation and aspire for success together in the future.
QUOTES:
“Newmont acquired the Red Chris Mine in November 2023, and we know that our projects and operations can only succeed when the communities that host them are also thriving. Today, we celebrate our partnership with Tahltan Nation and shared stewardship at Red Chris. Through this community contribution we extend our gratitude for the collaboration Tahltan Nation has helped to foster here as we also show our commitment to a shared vision and shared prosperity for the future.” – Tom Palmer, CEO, Newmont
“I feel heard. My conversation with Tom Palmer, CEO of Newmont, is becoming reality. This announcement comes from advocating for community contributions, which demonstrates a meaningful and longstanding commitment to our communities. This $8 million contribution gets us started on a series of projects that will enrich all our communities. It is another step toward ensuring every Tahltan child, youth, adult, and Elder directly benefits from resource development in our territory. Also, steps were taken to consult with our members to determine our community needs. Because of Newmont’s continued efforts, we can celebrate the 10-year anniversary of Red Chris Mine. We would also like to celebrate the 40th year anniversary of Tahltan Nation Development Corporation. I am so thankful and proud of all Tahltan and non-Tahltan employees who…
