BP Minerals America has acquired all of the necessary permits for its Barneys Canyon gold mine project four miles north of the Bingham Canyon copper mine and construction has started.
The project will consist of two small open pits, plus heap leaching and processing facilities. Construction of the $32 million project will take about one year.Initial operations at the mining sites will begin next February followed by the start-up of processing facilities next July and August. The project will have 150 employees during the peak of operations.
Gold production will average about 80,000 ounces annually during the projected eight-year life of the mine.