Gold being recovered at Yukon's Eagle mine site to help pay for remediation

Gabrielle Plonka · CBC News

· Posted: Jun 13, 2025 3:28 PM EDT | Last Updated: 1 hr ago

The institution liable for the Eagle Gold excavation successful cardinal Yukon has begun recovering golden from the tract to assistance wage for remediation.

PricewaterhouseCoopers says it's collecting golden from cyanide h2o stored successful ponds astatine the excavation site. The process volition destruct immoderate of the cyanide successful the ponds, and nary further cyanide volition beryllium introduced. No caller mining enactment is happening, the receiver said.

"It is excessively aboriginal to accidental the worth of the golden being recovered," says a Yukon authorities quality release.

It's been astir a twelvemonth present since a catastrophic heap leach nonaccomplishment astatine the tract caused the contiguous closure of the mine, and the owner, Victoria Gold, to beryllium forced into receivership. Since then, the territorial government's absorption has been connected containing and mitigating the biology harm from the failure.

The authorities says the proceeds from the golden betterment volition offset nationalist wealth being spent connected remediation.

The outgo of remediation has gone up steadily since the receiver took implicit successful August 2024. The archetypal outgo was estimated astatine $100 cardinal to $150 million. Last March, PricewaterhouseCoopers requested that the borrowing bounds beryllium accrued to $220 million.

The Yukon authorities said it was prepared to supply the $115-million top-up, according to a receiver's report.

PricewaterhouseCoopers is readying to commencement the income process for Victoria Gold's property, including the mine, this summer. Its astir caller receiver's study says it volition question an bid from the tribunal allowing it to commencement that process earlier June 30.