Yukon's Eagle Gold Mine 'moving closer' to sale after 2024 ore storage site failure

The Yukon provincial flag flies on a flagpole in Ottawa on July 6, 2020. THE CANADIAN PRESS/Adrian Wyld

WHITEHORSE — The Yukon government says the receiver of a mine that experienced a catastrophic failure of its storage site in 2024 is “moving closer to finding a suitable buyer.”

It says that PricewaterhouseCoopers has also indicated in its latest report to the court that it plans to sell some assets from the Eagle Gold Mine near Mayo to Toronto-based Franco Nevada Corp. for $55 million.

The Yukon government says the funds from the asset sale will go toward “ongoing work” at the Eagle mine site and will offset remediation costs.

The Ontario Supreme Court is scheduled to hear the receiver’s application to sell the assets, mostly net smelter return royalties, on March 9.

The accounting firm’s agreement to be the receiver of the mine was extended in January, as it manages the sale and operation of the facility.

The mine suffered a catastrophic failure of its heap leach facility in June 2024, spilling roughly two million tonnes of cyanide-soaked ore and contaminating local groundwater.

This report by The Canadian Press was first published March 3, 2026.

The Canadian Press