Financial security for major mines in Yukon is held under a Quartz Mining License or Mining Land Use Approval or a Type A or B Water Licence. The amount and form of security is determined pursuant to the Quartz Mining Act
578 KB or the Waters Act
250 KB.
The following table is intended to provide an overview of the security held by Yukon Government on major mining projects:
Security Held for Mining Projects
|
Project |
Pursuant to Waters Act |
Pursuant to Quartz Mining Act |
Total Security Held |
| Alexco - Brewery Creek |
$1,100,000 |
$1,100,000 | |
| Alexco - Bellekeno |
$297,493 |
$297,493 | |
|
Anvil Range - Faro |
$500,000 |
||
| Anvil Range - Vangorda |
$943,700 |
$1,443,700 | |
| Ketza River Holdings |
$3,087,600 |
$233,221 |
$3,320,821 |
| Kud Ze Kaya |
$220,000 |
$220,000 | |
| Minto |
$2,025,000 |
$1,771,403 |
$3,796,403 |
| Sa Dena Hes |
$5,032,000 |
$5,032,000 | |
| Yukon Zinc Corporation |
$64,000 |
$1,926,498 |
$1,990,498 |
| Total Security Held |
$12,972,300 |
$4,228,615 |
$17,200,915 |