Learn what royalties are collected on mining

  • What are royalties on mining?
  • How much royalty is collected for quartz mines?
  • How much royalty is collected for placer mines?
  • How much royalty is collected for coal leases?
  1. What are royalties on mining?

    A royalty is a share of the profits from a Yukon mine. It's paid by the mine operator to the Government of Yukon for the right to mine Yukon's mineral resources. It is not a tax.

    The Government of Yukon provides companies with guidance to assist in filing their annual royalty return.

    The Government of Yukon also administers the royalty determination for Selkirk First Nation. This is because the Minto Mine is located on Selkirk First Nation Category A Settlement Land.

  2. How much royalty is collected for quartz mines?

    The quartz royalty is based on the value of the minerals extracted by the mine. The rates are broken out into a royalty ladder with increasing royalty percentages paid for increasing mine output.

    Quartz mining royalties

    When the value of output is:

    • $10,000 or less: 0%
    • More than $10,000 but not exceeding $1 million: 3%
    • More than $1 million but not exceeding $5 million: 5%
    • More than $5 million but not exceeding $10 million: 6%
    • More than $10 million but not exceeding $15 million: 7%
    • More than $15 million but not exceeding $20 million: 8%
    • More than $20 million but not exceeding $25 million: 9%
    • More than $25 million but not exceeding $30 million: 10%
    • More than $30 million but not exceeding $35 million: 11%
    • More than $35 million: 12%

     

  3. How much royalty is collected for placer mines?

    Placer mines must pay a royalty on all gold exported out of Yukon. It does not matter if the gold is in the form of gold dust or bars.

    The royalty is $0.375 per ounce of gold.

    This royalty is calculated at 2.5% of the value of the gold. The value of gold is set in legislation at $15 per ounce.

  4. How much royalty is collected for coal leases?

    If you have a coal lease, you need to pay annual royalties on the coal you mine.

    The royalty rate is $0.10 per ton ($0.11 per tonne).

    You must pay your royalty within 1 month of the last day of each year of the term of your lease.

    You pay your royalty at the district Mining recorder's office. You must also submit a sworn statement showing the amount of coal you removed from your lease.