Golden Predator Mining Corp. will complete a preliminary economic assessment on the Brewery Creek project, the company announced this month.
The outcome of that report will help to determine if it is financially viable to get the former operating gold mine near Dawson City back up and running.
“It’s a first step to make sure that it makes sense to put it into production,” said CEO Greg Hayes in an interview this week.
Last year the company was denied a lower-level assessment by the Yukon Environmental and Socio-economic Assessment Board, a move that the company said could kibosh the project altogether.
Now the company is seeking to figure out if it is in its interest to go through the more rigorous and time-consuming executive committee level of screening.
It’s too early to say when the mine might get back into production, said Hayes.
“There’s still some significant steps to go.”