See how much security we hold for mining and exploration projects

We collect financial security for quartz mining and exploration projects in Yukon. The requirements for security can come from a:

  • quartz mining licence;
  • mining land use notifications;
  • mining land use approval; or
  • type A or type B water licence.

Financial security held for mining projects

If you own a major mine in Yukon, you must provide us with financial security for the cost to reclaim and close the mine site. Our assessment of closure liability is in accordance with your approved reclamation and closure plan.

How is security calculated

We review the mine's current liability and the expected change over the next 24-month period. We reassess the cost at least every 2 years to reflect the impact of operations and progressive reclamation.

As of March 27, 2020, the total financial security held for mining projects is $118,449,963.50.

Project name

Total security held

Brewery Creek
Golden Predator Canada Corporation

$1,000,000

Carmacks Copper
Carmacks Mining Corporation

$80,300

Eagle Gold
Stratagold Corporation

$27,406,539

Keno Hill Silver District Operations
Alexco Keno Hill Mining Corporation

$7,871,492

Minto
Minto Explorations Limited

$72,143,153

 

Sä Dena Hes
Sä Dena Hes Operating Corporation

$4,941,924.50

Wolverine
Yukon Zinc Corporation

$5,006,555

Financial security held for exploration projects

We may require security for your exploration project if we determine that there may be a risk to the environment. We may consider your past performance. The security will not be more than the costs of restoring the site. This includes any measures that need to be taken or continued.

In setting the amount of security, we consider:

  • the degree of risk;
  • your financial ability; and
  • any security deposited under the Waters Act.

As of March 27, 2020, the total financial security held for exploration projects is $1,517,978.33.

Project name

Security held

3 Aces
Golden Predator Mining Corporation

$218,020

Casino
Western Gold and Copper

$672

Coffee Gold
Kaminak Gold Corporation

$220,207.89

Eagle Gold
Stratagold Corporation

$149,000

Keno Hill Silver District Operations
Alexco Keno Hill Mining Corporation

$195,947

Keno Silver – Metallic Minerals Corp

$2,738.44

 

Rackla Gold
ATAC Resources Limited

$121,000

Selwyn
Selwyn Chihong Mining Limited

$420,500

Silver Hart
CMC Metals Limited

$146,070

Tom-Jason
Fireweed Zinc Limited

$39,560

Class 1 placer projects

$4,263