Singapore-based Boroo chosen as potential buyer for defunct Eagle Gold mine, Yukon government says
Boroo Ltd., a Singapore-based company, has been selected as a potential buyer for the defunct Eagle Gold mine in Yukon. The mine, which suffered a catastrophic failure in 2024, is currently under the control of a court-appointed receiver. The Yukon government is involved in the sale process to ensure the interests of local residents are protected.
- ▪Boroo Ltd. has entered into an exclusivity agreement for the sale of the Eagle Gold mine and related assets.
- ▪The agreement gives Boroo 90 days to conduct due diligence and negotiate sales terms.
- ▪The Yukon government has agreed to loan up to $220 million to assist with the mine's cleanup efforts.
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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 AccountA Singapore-based private company has been chosen as a potential buyer for the defunct Eagle Gold mine, where a catastrophic failure in 2024 sent cyanide-soaked ore into the Yukon environment.A statement from the territorial government on Tuesday said the court-appointed receiver has entered into an exclusivity agreement with Boroo Ltd.
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