Energy, Mines, and Resources

Minerals

Security Held for Mining Projects

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