Falco expects enviro approval on Horne 5 gold project early 2027
Falco Resources says it has made substantial progress on technical and environmental assessments, ahead of obtaining an environmental decree on the Horne 5 gold project, in Québec.
Having worked with Québec’s environment ministry over the past two years, Falco has undertaken widespread efforts to understand community concerns and social and environmental requirements in the region.
“The Horne 5 project has the potential to deliver lasting economic benefits to Rouyn-Noranda and the wider region. Our progress is measured not only by technical milestones, but also by how we respond to local priorities. We are advancing the project through sustained dialogue, independent assessment and concrete commitments to the community,” adds Falco president and CEO Lus Lessard.
Once a decree is obtained, Falco can move forward with detailed engineering and preparatory development work on Horne 5. Lessard advises that additional studies, permits and authorisations will be required before the project is constructed and operated.
Horne 5 represents about $1.75-billion in planned investment and the potential for 500 direct, permanent jobs. An independent assessment by auditing firm KPMG estimates that the project can ensure $12.1-billion in project-related expenditures for the region over 15 years, which can support economic activity across Rouyn-Noranda and the Abitibi-Témiscamingue.
Based on its current project schedule, Falco expects to receive the environmental decree early in 2027.