Yukon plans to sell mine royalties for $55M to aid cleanup after 2024 cyanide spill.

The Yukon government reports progress toward selling the Eagle Gold Mine near Mayo after a 2024 heap leach failure released two million tonnes of cyanide-laden ore, contaminating groundwater. PricewaterhouseCoopers, the receiver, plans to sell net smelter return royalties to Toronto-based Franco Nevada Corp. for $55 million, with proceeds supporting remediation. A court hearing on the sale is set for March 9, 2026, and the receiver’s mandate was extended in January to continue oversight.