Singapore Firm Set to Buy Shut Yukon Mine for $140M, Promises $1.4B in Investment
Boroo plans $800 million in rehabilitation and water treatment before a phased restart, as court approval is still needed for the Yukon mine purchase.
- On Thursday, Singapore-based Boroo agreed to acquire Victoria Gold's Eagle mine in the Yukon for up to $140 million, aiming to restart the site two years after a heap-leach collapse.
- The June 2024 failure released about 1.8 million tonnes of cyanide-laced ore at Eagle, prompting a court-appointed receivership that has overseen the site since August 2024.
- Boroo plans to invest $1.4 billion, including about $800 million between 2027 and 2029 for environmental rehabilitation, water treatment, and site stabilization to safely resume operations.
- Receiver PricewaterhouseCoopers will seek Ontario Superior Court approval in early December, with the deal requiring Boroo to provide financial security to the Yukon government upon closing.
- Boroo CEO Dulguun Erdenebaatar said teams have conducted "rigorous due diligence" to ensure responsible restarting, as discussions remain ongoing with the First Nation of Na-Cho Nyäk Dun.
48 Articles
48 Articles
'Ideal outcome,' minister says as Yukon's Eagle gold mine set to be sold for $140M
Singapore-based firm Boroo Pte. Ltd., which owns mining operations in Mongolia and Peru, has signed an agreement with the mine's receiver, PricewaterhouseCoopers, to acquire the mine for $140 million. Boroo is also promising to spend $1.5 billion to restart operations.
The Toronto Star
Singapore firm set to buy shut Yukon mine for $140M, promises $1.4B in investment
A Singapore-based mining company has entered an agreement to acquire the beleaguered Eagle Gold mine in the Yukon for $140 million, more than two years after it was shut down following a massive collapse, with plans to invest a further…
‘Ideal outcome,’ minister says as Yukon’s Eagle gold mine set to be sold for $140M – by Paul Tukker (CBC News North – October 22, 2026)
https://www.cbc.ca/news/canada/north/ Yukon government will be repaid money spent on clean-up following heap leach disaster in 2024 The troubled Eagle gold mine in central Yukon has a buyer. Singapore-based firm Boroo Pte. Ltd., which owns mining operations in Mongolia and Peru, has signed an agreement with the mine’s receiver, PricewaterhouseCoopers (PwC), to acquire the mine for ...
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