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 – A potential buyer is now in exclusive talks to purchase Yukon’s Eagle Gold mine.
The court-appointed receiver has signed an agreement with Singapore-based Boroo Pte. Ltd., giving the company up to 90 days to study the site and negotiate a possible deal.
Boroo will carry out further due diligence and begin discussions with the Yukon government and the First Nation of Na-Cho Nyäk Dun on what would be needed to restart the mine.
The First Nation says it had not approved any sale or restart of the project and has not signed any agreements. It says its priority remains environmental cleanup and accountability for the mine failure.
The site saw a major heap leach failure in June 2024, which spilled roughly two million tonnes of cyanide-soaked ore into the environment.
No sale has been finalized, and any agreement would still need court approval and regulatory sign-off.
The Yukon government says it helped set conditions for the sale to ensure any buyer is experienced and financially stable. The territory has also advanced up to $200 million to cover cleanup and receivership costs, and says it hopes to recover that money if the mine is sold.
