The Canada Brief

Canada · 12 d ago

Venus Mine near Carcross, Yukon

Anthony DeLorenzo from Whitehorse, Yukon, Canada · CC BY 2.0 · Wikimedia Commons

Singapore firm agrees to buy Yukon's Eagle Gold mine for $140 million

The mine was shut after a 2024 failure at its heap-leach facility released about two million tonnes of cyanide-laced ore and water. A court-appointed receiver has controlled it since.

Planned investment

800 $M clean-up, restart 600 $M+ to extend mining

Boroo Pte. plans about $800 million in spending between 2027 and 2029 on rehabilitation, water treatment, stabilization and a phased restart, plus more than $600 million over the mine's initial life.

What's next

Boroo will ask a judge to approve the deal in December.