News ReleaseMinistry of Energy and MinesNovember 2, 2026

Fenn-Gib gold mine enters Ontario’s accelerated permitting process

The proposed mine near Matheson is expected to bring 700 jobs, with construction planned for 2028–2030 and production targeted for 2030.

Summary

Ontario has added the proposed Fenn-Gib Gold Project, about 17 kilometres east of Matheson, to its One Project, One Process framework. It is the fourth project designated under the framework, which coordinates provincial approvals and Indigenous consultation. The government says the process aims to cut government review time by 50 per cent.

  • Investment: $450 million
  • Expected jobs: 250 long-term jobs and 450 construction jobs
  • Timeline: Permitting and site preparation are expected to continue through 2028. Construction and commissioning are planned for 2028–2030, with production targeted to begin in 2030.
  • Projected economic impact: $3 billion added to Ontario’s GDP, according to the release.

Related links

Source: Ontario Newsroom

Official release