Perpetua Resources
As Good As Gold Driven by the desire to restore an abandoned mine and its surrounding habitat, as well as bring supply of antimony back to the US, Perpetua Resources is built on passion. The team are in it for the long haul - the mine isn’t planned to be operational until 2027. CEO, Laurel Sayer, and CFO, Jessica Largent, explain why this project is so important to the future of America.
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ining in Idaho isn’t big news. In fact, Idaho is known as the ‘Gem State’, mining a diverse range of minerals from copper and lead to gold, silver and phosphorus. What is unique about Perpetua Resources and its Stibnite Gold Project is its desire to work for the greater good and focus on responsible mining.
Established in 2010 under its original name of Midas Gold, Perpetua Resources’ vision is to develop and operate one of the largest, highest grade, open pit gold mines. As part of that project, it will improve water quality, regenerate fish passage and restore legacy waste sites. In 2021 the business changed its name to better reflect its vision. “‘Esto Perpetua’ is above Idaho’s state seal,” explained CEO Ms Sayer, “It translates to ‘Let it be perpetual’, in reference to the state’s vast resources and is what we believe the Stibnite Gold Project can bring to Idaho, its people, and America. Perpetua Resources offers a more sustainable and secure future”. The Stibnite Gold Project The Stibnite gold mine, based in central Idaho, was first mined in 1899, during the Thunder Mountain Gold Rush. It’s played many roles in history, including its critical support to the US war effort in the 1940s and ‘50s. Over 20 years ago, however, all mining activity stopped. “There was a limited clean up by the government,” said Ms Sayer, “but as with most governments
Business Enquirer Magazine · Issue 106
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