Major project · Saskatchewan
McIlvenna Bay Project
Also called McIlvenna Bay Foran Copper Mine Project, McIlvenna Bay copper-zinc mine
Proponent: Eldorado Gold Corporation.
Major Projects Office pageWhy it is listed
Federal funding. Federal funding stated: funding
In December 2024, Natural Resources Canada provided up to $20 million through the Critical Minerals Infrastructure Fund (CMIF) — now the First and Last Mile Fund — to McIlvenna BaySource, read Oct. 3, 2026
ProponentOn April 14, 2026, Eldorado Gold Corporation completed acquisition of Foran Mining Corporation, officially taking ownership of the McIlvenna Bay project.Source, read Oct. 3, 2026
Status
The project is now ramping up toward full commercial production.Source, read Oct. 3, 2026
Roadmap
- Done
- Not yet reached
- Not stated
Provincial environmental assessment approvalDone
2022
In 2022, the McIlvenna Bay Project underwent a provincial environmental assessment, and received provincial approval.
Source, read Oct. 3, 2026Referred to Major Projects OfficeDone
About 4 years after the previous step.
Sept. 11, 2025
On September 11, 2025, the project was referred to the Major Projects Office (MPO).
Source, read Oct. 3, 2026Construction about 88% completeNot stated
5 months after the previous step.
Jan. 31, 2026
On February 19, 2026, the proponent reported that construction of the McIlvenna Bay Project was approximately 88% complete as of January 31, 2026.
Source, read Oct. 3, 2026First copper concentrate producedDone
About 4 months after the previous step.
June 2026
In September 2026, the McIlvenna Bay project celebrated several milestones, including producing its first copper concentrate in June 2026, followed by its first zinc concentrate in July 2026.
Source, read Oct. 3, 2026Commercial productionNot yet reached
Time from the previous step is not stated.
Date not stated. Not estimated: fewer than five projects date both this step and the previous one.
is expected to reach commercial production in the third quarter of 2026.
Source, read Oct. 3, 2026
Funding
- $20 million Funding
- $41 million Funding
- $156 million Funding
No over-budget estimate. These are the commitments the official pages state. None is an original budget set beside a later cost for the same work.
FundingIn December 2024, Natural Resources Canada provided up to $20 million through the Critical Minerals Infrastructure Fund (CMIF) — now the First and Last Mile Fund — to McIlvenna BaySource, read Oct. 3, 2026
FundingIn January 2025, Innovation, Science and Economic Development Canada (ISED) provided $41 million through the Strategic Innovation Fund to integrate innovative clean technologies at the McIlvenna Bay site.Source, read Oct. 3, 2026
FundingIn May 2025, the Canada Growth Fund agreed to commit approximately $156 million alongside co-investors to support the development and construction of the McIlvenna Bay Project.Source, read Oct. 3, 2026
Laws named in the sources
No law is named on the official pages read for this project.
Bills
No bill in the database names this project, or an act it is listed or considered under.
The framework law for the major projects list is below. It does not name this project.
Sources
- Major Projects Office page for this project
- Canada celebrates progress on the McIlvenna Bay mine: production underway, jobs created, supply chains strengthened - Canada.caRead Oct. 3, 2026
- Prime Minister Carney announces first projects to be reviewed by the new Major Projects Office | Prime Minister of CanadaRead Oct. 3, 2026
- Major Projects OfficeThe office list this project is drawn from.