An arial view of the aftermath of a landslide at the heap leach facility at the Eagle Gold Mine. Photo Courtesy of Yukon Government.
Whitehorse, YT – The Yukon government says the receiver managing the Eagle Gold Mine cleanup is moving closer to finding a buyer.
In its latest report to the Ontario Superior Court of Justice, PricewaterhouseCoopers says it plans to sell $55 million in assets, mostly net smelter return royalties, to Toronto-based Franco-Nevada Corp. Proceeds will help fund ongoing work at the site and offset remediation costs.
The Yukon government, acting as both mining regulator and receivership lender, says it has provided input in the sales process.
“We have provided input into the process to help ensure that the interests of Yukoners are protected,” reads the statement. “This includes setting out criteria to ensure that any potential buyer is responsible, experienced and well resourced.”
The maximum loan under the receivership remains $220 million.
The Eagle Gold Mine, located near Mayo, suffered a catastrophic heap leach failure in June 2024, spilling about two million tonnes of cyanide-laced ore and contaminating groundwater.
