Energy, Mines, and Resources

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:

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