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Singapore-based Boroo chosen as potential buyer for defunct Eagle Gold mine, Yukon government says

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#eagle gold mine#boroo ltd#yukon mining#mine spill#receivership
Singapore-based Boroo chosen as potential buyer for defunct Eagle Gold mine, Yukon government says
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The Yukon government says Singapore-based Boroo Ltd. has been selected as a potential buyer for the defunct Eagle Gold mine, which suffered a major spill in 2024. A 90-day exclusivity agreement allows Boroo to conduct due diligence and negotiate a purchase with the court-appointed receiver. The company will also begin discussions with the Yukon government and the First Nation of Na-Cho Nyak Dun on potential restart conditions. No sale price has been disclosed.

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The Globe and Mail
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Open this photo in gallery:Victoria Gold's Eagle gold mine site north of Mayo, Yukon, in a handout aerial photo taken in July, 2024.HO/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe Yukon government says a Singapore-based private company has been chosen as a potential buyer for the defunct Eagle Gold mine that was the site of a catastrophic storage failure in 2024.A statement from the government says the court-appointed receiver has entered into an exclusivity agreement with Boroo Ltd.

Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.

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