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22. October 2025
Perpetua Resources Paves Way To Gold Rush In Idaho With Groundbreaking Stibnite Project Construction
Perpetua Resources Takes a Major Step Forward with Early Construction at Stibnite Gold Project in Idaho
Perpetua Resources has announced the commencement of early works construction at the Stibnite gold project in Valley County, central Idaho. The milestone marks the culmination of nine years of permitting and is expected to pave the way for the project’s successful completion.
The Stibnite project is poised to become one of the highest-grade open-pit gold mines in the United States, with an estimated 4.8 million ounces of gold reserves. According to Perpetua Resources’ president and CEO Jon Cherry, the project has been a long time coming, but the company is now ready to bring it online.
“We break ground on the Stibnite Gold Project today,” Cherry said. “As America’s answer to China’s antimony export bans, we are focused on swiftly and safely bringing our antimony and gold project into development.” The project has been shrouded in controversy over the years, with numerous delays and setbacks. However, Perpetua Resources has persevered, and its commitment to delivering a high-quality project is evident in its emphasis on environmental remediation and restoration.
The US Forest Service (USFS) has confirmed that the project meets the necessary conditions to begin construction, a significant validation of Perpetua Resources’ efforts. In September 2025, the USFS provided a conditional notice to proceed, allowing construction to start upon the posting of financial assurance. On October 17, 2025, Perpetua Resources posted the required financial assurance through cash reserves.
The gold project is expected to become one of the highest-grade open-pit gold mines in the country, with an estimated 450,000 ounces of gold production per year during its initial four years of operation. This will not only generate significant revenue for Perpetua Resources but also contribute to the US economy. The project’s economic viability has been bolstered by the company’s secured backing from the US Export-Import Bank’s Make More in America and China Transformational Export programmes.
Perpetua Resources’ perseverance and dedication to delivering a high-quality project are a testament to the company’s commitment to responsible mining practices. The company’s emphasis on environmental remediation and restoration serves as a model for future projects, ensuring that the benefits of mining are shared by all stakeholders.
The construction phase is set to create over 950 direct jobs, with more than 550 direct jobs expected during the operational phase. Perpetua Resources has emphasized the importance of creating employment opportunities for local communities, which will not only boost economic growth but also provide a sense of pride and accomplishment among residents.
As the project progresses, it is essential to address concerns about environmental remediation and restoration. The company’s commitment to restoring fish habitats and reconnecting native spawning grounds at the historical Stibnite mine site is crucial in mitigating the environmental impact of the project.
The Stibnite gold project’s potential is vast, and its successful completion will have significant implications for the US economy and global markets. As the world grapples with increasing commodity prices and supply chain disruptions, Perpetua Resources’ perseverance and dedication to delivering a high-quality project are a beacon of hope.
In September 2025, Perpetua Resources secured initial backing from the US Export-Import Bank’s Make More in America and China Transformational Export programmes. The proposal included $2bn in debt financing, with final board consideration due in spring 2026. This investment is a testament to the project’s potential and the confidence of investors in its success.
The Stibnite gold project has reached the early works construction stage after nine years of permitting, receiving the final record of decision in January 2025. The project’s estimated production levels will not only generate significant revenue for Perpetua Resources but also contribute to the US economy.
Perpetua Resources’ focus on environmental remediation and restoration will be crucial in mitigating the environmental impact of the project, ensuring that the benefits of mining are shared by all stakeholders.
The construction phase is set to create over 950 direct jobs, with more than 550 direct jobs expected during the operational phase. Perpetua Resources has emphasized the importance of creating employment opportunities for local communities, which will not only boost economic growth but also provide a sense of pride and accomplishment among residents.
Perpetua Resources’ commitment to responsible mining practices serves as a model for future projects, ensuring that the benefits of mining are shared by all stakeholders. The company’s perseverance and dedication to delivering a high-quality project are a testament to its ability to balance economic viability with environmental stewardship.
The Stibnite gold project’s successful completion will have significant implications for the US economy and global markets, as it is expected to generate significant revenue and create employment opportunities in local communities. As the world grapples with increasing commodity prices and supply chain disruptions, Perpetua Resources’ commitment to responsible mining practices is a beacon of hope.
Perpetua Resources’ emphasis on environmental remediation and restoration has set a new standard for the industry, demonstrating its dedication to sustainable and environmentally responsible practices.