Energy, Mines and Resources

Minerals

Royalties

Under the Quartz Mining Act  579 KB, a royalty is a share of profits from a Yukon mine, reserved for the Yukon government as owner of the mineral rights, for permitting extraction of mineral resources. It is paid by a mine operator to the Yukon government. It is not a tax.

The Yukon government has developed Royalty regulations (OIC 2010/91) pursuant to the QMA that provide the mechanism for determining the roalty due on a mine in commercial production. Along with the regulation, an information sheet has been developed that provides a short form oveview. A more detailed guidebook to the regulation is under development and will be available soon.

If you have any questions regarding the royalty regime, please contact Mineral Resources Branch at 667-3422 or 667-8256.

 

Table showing royalty paid to date

* Yukon administers the royalty determination for the Selkirk First Nation

 Minto Mine  Capstone Mining Corp.  
 Year  Royalty Paid  Note
 2007

 $0.00

 First commercial production year
 2008

 $1,503,491.00

 
 2009

 $5,917,904.00

 
 2010

 $3,965,522.00

 Adjusted based on reassessment of 2010-2014 years
 2011

 $1,390,535.00

 Transition year under new regulations. Adjusted based on reassessment of 2010-2014 years
 2012

 $225,940.00

 Adjusted based on reassessment of 2010-2014 years
 2013

 $113,018.14

 Adjusted based on reassessment of 2010-2014 years
 2014

 $1,437,266.00

 Adjusted based on reassessment of 2010-2014 years
 2015

 $135,773.55

 
 2016    Royalty filing received, currently under review
 Total

 $14,689,449.69

 
     
 Bellekeno Mine  Alexco Resources  
 Year  Royalty Paid   Note
 2010

 $0.00

 First commercial production year
 2011

 $351,525.00

 
 2012

 $372,588.00

 
 2013

 $0.00

 
 Total

 $724,113.00

 
     
 Wolverine Mine  Yukon Zinc  
 Year  Royalty Paid  Note
 2012

 $0.00

 First commercial production year
 2013

 $0.00

 
 Total

 $0.00