Goldwedge Gold Mines

Location: Stewart, British Columbia, Canada
Commodity: Gold & Silver
Project Phases: Preliminary Economic Assessment & Permitting / Restart Planning

Client Overview

Goldwedge Gold Mines, a privately held mining company, operated an underground gold and silver mine in British Columbia during the 1980s before ceasing operations in 1989 under Catear Resources Ltd. The company is now focused on restarting this historic mining operation using modern technologies, updated methodologies, and improved governance to achieve renewed viability and long-term growth.

Client Needs

The restart of the Goldwedge Project required addressing multiple technical, regulatory, and economic challenges:

• Regulatory Complexity: Navigating permitting requirements under the Mines Act and Environmental Management Act to ensure compliance and achieve timely approvals.
• Legacy Site Constraints: Overcoming challenges posed by aging infrastructure and conducting updated technical assessments to validate restart feasibility.
• Economic Viability Uncertainty: Evaluating the project’s restart potential through comprehensive financial and operational analysis to support strategic decision-making and capital-raising efforts.

TMG’s Contributions

• Execution Planning: TMG led the restart execution planning, managing metallurgical testwork, establishing a modernized process flowsheet, planning procurement, overseeing supply chain logistics, and coordinating detailed engineering for mining and surface construction rehabilitation.
• Preliminary Economic Assessment (PEA) & Gap Analysis: Delivered a detailed PEA and gap analysis to inform project viability, optimize the mine plan, and identify key areas requiring technical and operational upgrades.
• Permitting Support: Provided project management and engineering expertise to advance permitting activities, ensuring alignment with regulatory frameworks and environmental standards.
• Budget and Capital Raising Support: Assisted in developing preliminary budgets and supporting data for capital-raising efforts, enabling Goldwedge Gold Mines to secure investor confidence and move toward execution.

Results

The partnership between Goldwedge Gold Mines and TMG accelerated the project restart and provided a robust framework for future operations:

• Project Advancement: The PEA and gap analysis guided the restart decision, providing a detailed engineering and rehabilitation plan that modernized the original mine design.
• Execution Decision Support: Enabled Goldwedge to make informed decisions on execution pathways, aligning project scope with current capitalization and economic models.
• Financial and Schedule Savings: Achieved $1.37 million in overall savings, including accelerated cash flow and discounted services through TMG’s Stage‑Gate Acceleration commercial model.
• Improved Timeline to Positive Cash Flow: Developed an execution plan reducing the path to free positive cash flow by 18 months, significantly improving revenue projections and project NPV.

The Goldwedge Project Restart highlights the value of disciplined planning, updated technical analysis, and strategic execution in revitalizing historic mining assets. TMG’s expertise in restart planning and economic assessment provided Goldwedge with the tools and confidence to re‑establish itself as a significant player in the gold and silver mining sector.