Singapore multinational corporation announces plans to buy Eagle gold mine
Oct 23, 2026
The company is called Boru
and it's entered into what it calls a purchase agreement with
PricewaterhouseCoopers.
That's the receiver that's been managing things at the beleaguered site
for years. The territory's mine minister says the cost
of not moving ahead with a sale is too great.
Ted Laking says it could result in cutbacks to the public service
and taxpayers shouldering
roughly 72 million dollars per year as a part
of the sale agreement Boru will work to remediate
Dublin Gulch in accordance
with a robust remediation plan approved by our department
an alternative could have seen the government
of Yukon assume responsibility to reclaim and
close the site the sale has yet to close
that will happen in December the price tag 140 million
dollars in increments.
Laking says this is good news for Yukoners and good news for the
environment. He says that the company Boru plans
to invest $800 million toward things like
remediation and reopening the mine. Julian Green, CBC News, Whitehorse.