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 two years to reflect the impact of operations and progressive reclamation.

As of April 8, 2024, the total financial security held for mining projects is $197,002,250.50.

Project name

Total security held

Brewery Creek
Golden Predator Mining Corporation

$1,668,500.00

Carmacks Copper
Carmacks Mining Corporation

$80,300.00

Eagle Gold
Victoria Gold (Yukon) Corporation

$103,741,940.00

Keno Hill Silver District Operations
Alexco Keno Hill Mining Corporation

$11,346,433.00

Minto
Minto Metals Corporation

$75,223,163.00

 

Sä Dena Hes
Sä Dena Hes Operating Corporation

$4,941,924.50

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 June 11, 2024, the total financial security held for exploration projects is $4,546,704.46.

Project name

Security held

Aurex-McQuesten Project
Banyan Gold Corporation

$137,399.45

Casino
Casino Mining Corporation

$791,816.00

Clear Creek
Victoria Gold (Yukon) Corporation

$184,646.00

Clear Creek property
Sitka Gold Corperation

$18,172.00

Coffee Gold
Kaminak Gold Corporation

$220,207.89

Eagle Gold
Victoria Gold (Yukon) Corporation

$326,821.00

Gold Dome
Victoria Gold (Yukon) Corporation

$3,412.00

JP Ross
White Gold Corporation

$20,107.20

Keno Hill Silver District Operations
Alexco Keno Hill Mining Corporation

$70,759.40

Keno Lightning
Metallic Minerals Corporation

$1,394.00

Keno Silver
Metallic Minerals Corporation

$24,844.44

Klondike Silver
Blende Silver Corporation

$4,655.00

Rackla Gold
ATAC Resources Limited

$121,000.00

Rogue Property
Senoa Gold Corperation

$315,387.00

Selwyn
Selwyn Chihong Mining Limited

$1,435,933.00

Shanghai Project

$1,295.00

Silver Hart Property
CMC Metals Limited

$155,659.33

Skukum Gold
Tagish Lake Gold Corporation

$7,406.00

Three Aces
Seabridge Gold (Yukon) Incorporation

$615,935.75

Tom-Jason
Fireweed Zinc Limited

$39,596.00

White Gold Property
White Gold Corporation

$9,312.00

Class 4 placer projects

$20,000.00

Class 3 placer projects

$5,407.00

Class 1 placer projects

$12,991.00

Class 1 quartz projects

$2,548.00

Contact: 

If you have questions about security or the amounts posted, contact the Mineral Resources Branch at [email protected].