• 'Ideal outcome,' minister says as Yukon's Eagle gold mine set to be sold for $140M

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-22 20:34:22.0
  Tags: [National, Mining, Resources, Environment, Economy]

  Singapore-based Boroo Pte. Ltd. has signed an agreement with the mine's receiver, PricewaterhouseCoopers, to acquire the troubled Eagle gold mine in central Yukon for $140 million and committed to spending $1.5 billion to restart operations and perform cleanup work. The transaction follows a disastrous heap leach facility failure at the site owned by Victoria Gold Corp. in 2024 that spilled toxic cyanide into the environment and triggered intensive remediation efforts partially funded by a $220 million loan from the Yukon government. Subject to court approval expected by the end of the year, Boroo will pay $40 million in upfront cash, take over all remediation and site stabilization work from 2027 to 2029, and fully repay the territorial government for its emergency cleanup expenses.

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• Effort to restart Con Mine discussed at Yellowknife town hall

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-22 16:17:16.0
  Tags: [National, Mining, Resources, Environment, Economy]

  Gold Terra Resource Corp. CEO Gerald Panneton hosted a town hall in Yellowknife to discuss aggressive timelines for restarting gold mining operations at the historic Con Mine site, driven by gold prices exceeding $4,000 USD per ounce. The company aims to secure a permit by 2027, followed by 12 to 16 months of construction, targeting a production threshold of 1 million ounces to support a mine life exceeding 20 years. Public concerns raised at the event focused on localized impacts, including energy consumption via liquefied natural gas, workforce housing, arsenic pollution legacy risks, and exploratory drilling at Tin Can Hill and Walsh Lake.

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• The ins and outs of the Yukon's biggest proposed mine

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-09-23 12:00:00.0
  Tags: [National, Mining, Resources, Environment, Indigenous, Economy]

  Western Copper and Gold and the Casino Mining Corporation are proposing the Casino mine project in the Yukon, located between Carmacks and Dawson City, with an estimated 27-year lifespan to extract approximately 4.27 billion pounds of copper, 346 million pounds of molybdenum, alongside gold and silver deposits. The project is projected to create up to 1,400 construction jobs, 700 operational jobs, and contribute roughly $1.3 billion annually to the Yukon economy while generating 25 of the 34 critical minerals designated by Ottawa. However, the project faces major regulatory scrutiny, undergoing its first-ever panel review by the Yukon Environmental and Socio-Economic Assessment Board (YESAB) due to concerns from First Nations and conservation groups over impacts on the Klaza caribou herd, fish, wildlife habitats across five First Nation territories, and risks associated with tailings dams and heap leaching.

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