The board of directors for Huckleberry Mine have approved a plan to extend the life of the mine an extra seven years, from an original closure in 2014 to 2021.
This seven-year extension will keep 230 full-time jobs and 30 contract positions on site, the company reports. Seventy additional jobs will also be created to handle the extension.
In total, the company said it expects to spend $254.4 million spent on regular employee wages and benefits for the expanded 2014 to 2021 term. That figure does not include payments to contractors.
To complete the extension, the company will also spend approximately $119 million on new equipment and $82 million on the construction of a new dam.
The Mines Act permit that came through this week from the B.C. Ministry of Mines approved the expansion of an existing tailings pond at the Huckleberry site, which is 123 km south of Houston.
Imperial Metals owns a 50 per cent stake in Huckleberry Mine. The remaining interest owned by Mitsubishi Materials, Marubeni Corporation, Dowa Mining Company and Furukawa Company.