Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
British Columbia gold miner sues province over “stripped” mining rights

British Columbia gold miner sues province over “stripped” mining rights

Mining.comMining.com2026/06/22 22:21
By:Mining.com

MCC Canadian Gold Ventures said it has launched a multi-million dollar lawsuit against the British Columbia Government after the province stripped MCGV of its mining rights through Orders in Council to settle a separate legal dispute with the Gitxaala Nation. 

var rnd = window.rnd || Math.floor(Math.random() * 10e6); var pid472436 = window.pid472436 || rnd; var plc472436 = window.plc472436 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=181210;size=0x0;setID=472436;type=js;sw=' + screen.width + ';sh=' + screen.height + ';spr=' + window.devicePixelRatio + ';kw=' + abkw + ';pid=' + pid472436+ ';place=' + (plc472436++) + ';rnd=' + rnd + ';click=CLICK_MACRO_PLACEHOLDER'; document.write('
');

The claim arises from several 2024 Orders in Council the BC government issued under section 7 of the Environment and Land Use Act to sterilize the company’s mineral claims and prohibit any further exploration on Banks Island in northwest British Columbia.  

MCGV said the province had previously lobbied the company to rescue a bankrupt, environmentally compromised gold mine on Banks Island.  

MCGV said the province had “specifically asked us to step in and rescue this mine.”   

“We invested millions, began the necessary work of cleaning up someone else’s environmental mess, and created real economic value for British Columbia,” MCGV director Danish Mir said in a news release. 

Background

The Gitxaala Nation filed a legal challenge in 2021 in Supreme Court seeking to overturn the province’s granting of multiple mineral claims from 2018 to 2020 on Banks Island, in their territory. The issue centered around whether the Mineral Tenure Act is consistent with UNDRIP. 

In September 2023, a judicial review ruled that the government of British Columbia owes a duty to consult Indigenous peoples with asserted rights and title when granting mineral claims.  

The BC Supreme Court decision ruled the province’s automatic online mineral claim system breached its constitutional duty to consult with First Nations.  

In 2024, the BC government announced new interim measures will place restrictions on mineral claim registrations and mining activities in Gitxaała Nation and Ehattesaht First Nation territories, while the province works to modernize BC’s Mineral Tenure Act. 

MCGV said that to date, no compensation has been paid to the company. 

“British Columbia’s mining sector drives jobs, tax revenue, and economic growth in communities across this province,” Mir said. “We intend to pursue this case vigorously and forcefully.” 

This case, the company said, draws parallels to the landmark decision in Carrier Lumber v. British Columbia, in which the province was ultimately compelled to pay a substantial damages award to a forestry company whose contractual rights had been unilaterally extinguished by the government of then-Premier Mike Harcourt in the course of resolving a dispute with a First Nation. 

The province has not issued a statement in response to MCGV.  

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Our Pinterest Stock Pick Hasn't Worked. We're Dropping It. -- Barrons.com

By Jacob Sonenshine Pinterest is down about 42% since Barron's recommended the stock in June 2025. During that time the S&P 500 has gained 29%. Time to move on. The problem isn't that Pinterest doesn't have long-term growth potential. It's that it has repeatedly failed to sustain a super high growth rate, creating uncertainty. Our thesis was that revenue growth would hold strong and the company's artificial intelligence usage would enable it to match the right products and advertisements with users. The hope was that Pinterest, with its hundreds of millions of users and more than $4 billion of annual sales, would grow within a global digital ad market worth hundreds of billions, as it would increasingly monetize its users. It has grown -- but not consistently at a high rate. Pinterest will continue to grow, but the market's concern doesn't appear likely to subside soon; revenue growth often decelerates by several percentage points, which causes large selloffs in the shares. The root of the problem is that whenever growth slows, the market is left to wonder if the platform is beginning to lose its relevance. Users now have a crowded field of options for finding personal and household trinkets to buy. Maybe the growth story isn't as beautiful as investors had hoped years ago, when the stock was at record highs of close to $90. Consider second quarter earnings, which management released Aug. 4, and caused the stock to drop. Yes, sales of $1.18 billion beat analyst's expectations and grew about 18% year over year, and yes, adjusted earnings per share of 43 cents beat estimates and grew 30%, as profit margins expanded. But the guidance signaled slowing growth yet again. Management guided for third quarter revenue of $1.2 billion at the midpoint of the range. That implies 14% year over year growth. Chief Financial Officer Julia Donnelly said on the earnings call that second quarter growth was strong partly due to the combination of brands increasing their ad spend around Amazon Prime Day and "World Cup-related spend th

Dow Jones•2026/10/06 03:34