Kinross' Great Bear Gold Project Accelerated Under Ontario's 1P1P Framework

2026-02-19 16:50:03 ET

Ontario is moving to accelerate one of Canada’s largest emerging gold projects, cutting permitting timelines in half for Kinross Gold's (TSX:K,NYSE:KGC) Great Bear development in the Red Lake district.

The province announced that Great Bear will be designated under its new One Project, One Process (1P1P) framework, a streamlined approval system aimed at reducing government review times by 50 percent.

Located approximately 24 kilometers southeast of Red Lake in Northwestern Ontario, Great Bear is designed as a high-grade, combined open-pit and underground operation with an initial mine life of 12 years.

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