- STLLR Gold (TSX:STLR) has been awarded the first Recovery of Minerals permit from the Ontario government to advance its Hollinger tailings project in Timmins
- The Canadian gold development company is advancing potentially large-scale, long-life projects in Ontario and the Northwest Territories
- STLLR Gold stock has added 38.60 per cent year-over-year
STLLR Gold (TSX:STLR) has been awarded the first Recovery of Minerals permit from the Ontario government to advance its Hollinger tailings project in Timmins.
The project yielded a maiden resource estimate of 412,000 ounces of gold indicated and 93,000 ounces inferred, to be extracted from 50-60 million tons of tailings tied to the past-producing Hollinger mine, with all-in costs estimated at only C$17 per ton, positioning the company for significant near-term cash flow.
The framework underpinning the permit, instituted in July 2025, is designed to accelerate mineral recovery and environmental remediation at the province’s historical mines, including tailings and other legacy materials.
STLLR will now turn its attention to technical work, as well as discussions with local mill owners and regional stakeholders, to validate its approach for bringing gold to market, keen to capitalize on the metal’s more than 70 per cent year-over-year return to more than US$5,000 per ounce.
These advancements complement STLLR’s preliminary economic assessment-stage Tower project, also in Timmins, which is expected to post average annual production of 273,000 ounces of gold over 19 years in operation.
Management commentary
“Today marks a defining moment for STLLR and for Ontario’s new Recovery of Minerals framework. As the first company in the province to secure a permit under this new system, we believe this achievement highlights both the quality of the Hollinger opportunity and our team’s ability to execute,” Keyvan Salehi, president and chief executive officer of STLLR Gold, said in Thursday’s news release. “It also signals strong regulatory alignment and momentum as we advance the project. Being first under this modernized framework positions STLLR at the forefront of responsibly unlocking value from legacy tailings, accelerating development timelines and driving meaningful growth for our shareholders.”
“Hollinger represents a compelling near-term value opportunity, combining low upfront capital requirements, an accelerated permitting pathway, a structurally low-cost profile and straightforward metallurgy,” Salehi added. “In today’s strong gold price environment, the project is positioned to move quickly from advancement to meaningful cash flow generation.”
About STLLR Gold
STLLR is a Canadian gold development company advancing potentially large-scale, long-life projects in Ontario and the Northwest Territories.
STLLR Gold stock (TSX:STLR) last traded at C$1.58 and has added 38.60 per cent year-over-year.
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