Frequently Asked Questions

↓ Who is Midas Gold?

We are a modern mining company that believes mining and the environment can go hand in hand. We are currently working to permit a mining project near Yellow Pine, Idaho that can benefit the economy, the community and the environment all at the same time. You can learn more about our plans here.

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↓ What makes Midas a modern mining company?

We are a company of scientists, engineers, environmentalists and community leaders. We are driven by our belief that we can build a mining project that helps the environment, creates economic opportunity and benefits the surrounding community. These values drive us in everything we do and they are what make us a modern mining company.

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↓ Does Midas Gold have other projects?

No. We are solely focused on our exploration and permitting activities at the Stibnite Gold Project.

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↓ What is Midas Gold doing now?

Right now, we are planning for the future. We completed much of our exploration work and recently submitted our Plan of Restoration and Operations to the U.S. Forest Service. This plan explains how we would mine the site and, most importantly, how we would take care of the environment before, during and after mining. Our plan is available on the U.S. Forest Service website, if you want to learn more about it and receive updates on the process.

Now we are in the permitting process. Before we can begin operations at the project, Midas Gold needs to successfully earn more than 50 permits and licenses from the federal, state and local agencies. There will be many chances for the community to provide comments on our project throughout the permitting period. Keep an eye out for updates from the U.S. Forest Service for information on how to stay involved. View our timeline.

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↓ What minerals is Midas Gold looking for?

We are exploring for gold and antimony. Already, we have found valuable deposits of these minerals at the Stibnite Gold Project.

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↓ What does the project site look like today?

There is significant environmental damage at Stibnite. For nearly 100 years, people mined the area for gold, antimony, silver and tungsten. Old mining practices left the area littered with open pits, tailings and piles of waste.

Since those early days, mining standards and practices have changed dramatically. While some environmental clean-up has taken place, much of the area has not been reclaimed or remediated to modern standards. Please visit our Environment page to learn more about current conditions.

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↓ Hasn't Stibnite already been restored?

The U.S. Government and the mining industry invested some money to help with restoration efforts at Stibnite, but it was not enough. There is still arsenic in the water coming from improperly stored historical tailings and waste rock. Hundreds of tons of sediment are dumped into the river each year from Blowout Creek, a failed hydro dam that blew out in the 1970s (hence the nickname of the creek). Fish have been blocked from their native spawning grounds for almost 80 years. The area needs to be reforested after being destroyed by wildfires. And wetlands in the region are on the verge of completely drying up as uncontrolled erosion drops the water table. With all of the issues facing the site today, we cannot say the region has already been restored, there is a lot more to do.

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↓ How can Midas Gold help the environment?

We are designing our Stibnite Gold Project to clean up areas on site that are currently affecting water quality, blocking fish passage and impacting the area’s natural habitat. Through mining we can restore the site and leave it better than we found it.

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↓ What type of jobs can Valley County expect for the future?

Opportunities will be available for professionals in an array of fields from craft and trade jobs to highly specialized roles. We are committed to looking to Idaho first for employment and vendors. For now, our team includes a talented group of people committed to the idea that modern mining can leave a lasting positive impact on the environment, economy and people of Idaho.

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↓ When will Midas Gold begin mining?

It will be several years before we start any mining at the Stibnite Gold Project site. We submitted our Plan of Restoration and Operations to the U.S. Forest Service and the agency will gather feedback from the public and evaluate the plan under the National Environmental Policy Act (NEPA).  View our timeline.

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↓ What is the process for permitting the Stibnite Gold Project?

Midas Gold Idaho proposed the Plan of Restoration and Operations for Stibnite Gold Project, this plan is now undergoing an Environmental Impact Statement review by the U.S. Forest Service. This review considers economic, community and environmental components of the plan, takes in public feedback and then proposes a final plan for implementation.  Additional permits are required through the EPA and US Army Corps. of Engineers, through state agencies that include IDEQ and IDL, and from the County.  All agencies are working cooperatively to coordinate their review processes.

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↓ Is the current proposal the final plan?

No. There may be changes to our plan before it is finalized. We submitted our best ideas after five years of planning and community outreach. Now, the process is designed for the U.S. Forest Service and other agencies to collect and analyze public feedback and ensure that our plan meets the necessary standards required in order to obtain over 50 federal, state and local permits. The agencies will then bring forward a proposed plan, which may differ from our proposed plan, and the public will have another opportunity to comment on the draft plan before any final approval, called a “Record of Decision”, is issued.

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↓ When will Midas Gold make the environment better?

We are already making the environment at the Stibnite Gold Project site better today. From planting trees, to powering our operations through solar power — our positive impact has already started.

Most of the environmental repair will happen before construction begins and reclamation will continue alongside mining.

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↓ What ensures that environmental restoration is completed?

Before work can commence on site, Midas Gold Idaho is required to set aside all funds required to reclaim the site.  Additionally, we designed our plan to repair many of historical environmental impacts early in the life of the Project, during construction or early operations, which ensures that they will happen. We also proposed to continue restoration and reclamation work in parallel with operating the mine.

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↓ Why is mining today different than historical mining?

Mining practices have greatly improved today compared to past decades—especially compared to the early to mid 1900s when major mining activity occurred at Stibnite. Mining, environmental technology and practices have evolved, engineering controls have been developed, federal and state regulatory programs and financial assurance requirements have been adopted and successfully implemented since the early 1990s to ensure comprehensive bonding for mining’s impacts. Societal values have also changed and, at Midas Gold, we are very aware of our potential impact on the environment and have taken extensive and comprehensive measures to address those potential impacts. In contrast to historic mining activities, which focused on profit (or, in the case of Stibnite, focused on providing critical and strategic metals for the United States and its allies during World War II and the Korean War) with little regard for impacts to the environment, the Stibnite Gold Project was designed from the start with ultimate closure in mind, and with restoration and reclamation as primary design standards.

It is important to note that, since the implementation of stronger environmental standards and bonding requirements over the past several decades, there have been no new mines developed in the U.S. that required Federal CERCLA status funding for clean-up.

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↓ Will Midas Gold Idaho operate the mine?

Midas Gold fully intends to own, construct and operate the Stibnite Gold Project long term.  As a public company, MGII’s parent, Midas Gold Corp. is always looking to the future, and particularly to future funding sources for the eventual construction and operation of the project.   We will continue to pursue potential new investors or partnerships that allow us to provide the capital required for construction of the proposed operation and restoration, once permits are granted.

Midas Gold intends to remain in the community and ensure the Stibnite Gold Project, with all its environmental, economic and social benefits, is completed as planned. The conditions of approval contained within the final authorization will bind us, or any other operator, to abide by the operating restrictions, requirements and obligations of the final approved action.

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↓ How will Midas Gold access the site?

Typically, vehicles will travel from Highway 95 or Highway 55 to Warm Lake Road and use our proposed upgraded Burntlog Road route to access site. Upgrading and connecting the existing Burntlog and Thunder Mountain allows us to avoid traveling alongside significant waterways, is a safer route for winter travel by avoiding numerous avalanche sites, and reduces potential conflicts with users of the South Fork and Johnson Creek roads. We propose using the Johnson Creek and Stibnite Roads from Landmark until the construction of the Burntlog Road is completed.

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↓ Is acid rock drainage a concern at Stibnite?

The Stibnite area has been mined for over 100 years. Throughout that time, the rocks at site have not generated what is referred to as “acid rock drainage,” or, “acid mine drainage.” Acid rock drainage is a naturally occurring process of sulphide minerals oxidizing and creating acid.

Acid rock drainage has not occurred at our site because the conditions and materials necessary to cause the reaction are not present. The rocks at Stibnite have very low sulphide content, and other minerals present in the rock, like the carbonates in limestone and other rock types, act as neutralizers. As a result, acid rock drainage does not occur, and is not expected to occur, at our site. In fact, after years of study, our team found that the substantial majority of the rocks that we will mine have no potential for generating acid. Any rocks that have even the slightest possibility of creating the reaction will be required to be managed, stored in a lined facility, treated and capped with neutralizing limestone.

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↓ Is Midas Gold mining in the wilderness?

No. The Stibnite Gold Project is located on a combination of private land and land within the Payette National Forest. The Project is centred three miles away from the Frank Church Wilderness in a completely separate watershed.

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↓ What makes Midas Gold different than the companies that have come before them? Will we see different results?

Midas Gold Idaho is a modern mining company operating under strict local, state and federal regulations. Mining reclamation standards have never been higher and checks and balances have been put in place to ensure mining companies take care of the land. Midas Gold Idaho will be required to set aside all of the money for reclamation before any mining can start. This ensures that, no matter what happens with the Project, the environment will be restored this time. Midas Gold Idaho also has different values than mining operators who have explored Stibnite in the past. The company started with the end in mind. This led the company to develop a plan that is as much about reclamation as it is mining.

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↓ How can mining the site make the environment better?

Mining techniques have changed drastically since the site was first discovered in the early 1900s. For many years, mining activity at the site was completely unregulated. Operators weren’t required to reclaim the areas they had explored. Today, mining is heavily regulated and operators are required to meet strict standards. Midas Gold Idaho will be required to fully restore any area they affect, all the money for this work must be set aside prior to operations beginning. Plus, without Midas Gold Idaho the environmental degradation of the past will stay the same and the environment will not be restored.

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Interested in learning more?

Learn more about The Stibnite Gold Project and follow us in our progress.