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:
|
Project |
Pursuant to Waters Act |
Pursuant to Quartz Mining Act |
Total Security Held |
| Alexco - Brewery Creek |
$795,000 |
$795,000 | |
| Alexco - Bellekeno |
$3,678,100 |
$3,678,100 | |
| Carmacks Copper Ltd. |
|
$80,300 |
$80,300 |
| Ketza River Holdings |
$3,087,600 |
$515,271 |
$3,602,871 |
| Kud Ze Kaya |
$220,000 |
$220,000 | |
| Minto |
$3,406,250 |
$11,823,961 |
$15,230,211 |
| Sa Dena Hes |
|
$7,691,886 |
$7,691,886 |
| Selwyn Chihong Mining Ltd |
$420,500 |
$420,500 | |
| Stratagold Corporation |
$149,000 |
$149,000 | |
| Yukon Zinc Corporation |
$64,000 |
$5,682,615 |
$5,746,615 |
| Total Security Held |
$7,572,850 |
$30,041,633 |
$37,614,483 |