On October 20, 2025, the U.S. Federal Permitting Improvement Steering Council announced that the Burnt Rock Plan of Operations for the Spring Peak gold exploration project in Nevada had been selected for the FAST‑41 program. This selection provides a transparent and efficient regulatory review process, giving Newmont and other stakeholders predictable permitting timelines. The announcement was made in a press release dated 2025‑10‑20, confirming the event occurred today.
The Spring Peak project is located in the Aurora mining district of west‑central Nevada, adjacent to Hecla Mining Company’s past‑producing Aurora mine, which already hosts a 600‑ton‑per‑day mill, several production water wells and high‑voltage three‑phase power. Inclusion in FAST‑41 is expected to accelerate development and reduce regulatory uncertainty for the project. The project’s proximity to existing infrastructure positions it for a smoother transition to production if exploration is successful.
Newmont, a strategic partner in the project, may earn a 65% interest by solely funding $40 million over a 36‑month period under the earn‑in agreement. This potential stake, combined with the streamlined permitting, positions Newmont to expand its exploration portfolio and potentially increase future gold output. The regulatory approval and investment terms represent a material opportunity for the company’s long‑term growth strategy.
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