Northern First Nation expects boost from deal with gold mining company – Winnipeg Sun
A northern First Nation has signed an agreement with a Canadian gold producer that leaders say will be a huge and much-needed economic boost for the small and isolated community.
A signing ceremony was held on Wednesday at the Marcel Colomb First Nation (MCFN) when officials from MCFN and Alamos Gold Inc. put pen to paper on an Impact Benefit Agreement.
Alamos Gold, a Canadian-based gold producer, acquired the Lynn Lake Gold Project in 2016, a gold mine project located within the traditional territory of MCFN, and Alamos Gold said in a media release that the newly signed agreement will now allow MCFN to benefit from the gold mine.
Alamos Gold CEO and President John McCluskey said he believes the agreement will be an “economic driver” for MCFN, a community located in the area of Lynn Lake, more than 800 kilometres north of Winnipeg that is home to approximately 450 community members and one that currently deals with one of the worst rates of poverty of any First Nation in Canada.
