GREY:VITFF - Post by User
Post by
KenoHillYTon Jan 05, 2025 1:46pm
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Post# 36388865
Risk is that YTG and the receiver fix the mine.
Risk is that YTG and the receiver fix the mine.https://www.yukon-news.com/opinion/yukonomist-three-things-to-watch-for-in-the-yukon-news-in-2025-7737723
"The upside risk is that the Yukon government and the receiver fix the mine, sell it to a credible gold company in partnership with the Na-Cho Nyk Dun First Nation, and that the mine re-hires 450 people and restarts."
Wow, that's a very bright view of things?
Where are those "credible gold companies" that are just clamoring to get into the Yukon mining fray after the performance by YTG and concerned citizens to make sure that the Eagle Mine gets punished to the max in no uncertain terms and within weeks of the "loss of containment" blast it into receivership with all the tools (money) in the toolbox?
One could almost think that what is ongoing in the aftermath of Eagle is that whatever is going on in the Yukon is broken beyond all recognition?
Nothing against HL (I like the company) but it would have been interesting to see what would have happened if the same "stunts" had been pulled when HL had spills and leaks.
It appeared nothing happened and the fines were paid and the mining continued. As it should, minings dirty business and stuff happens.
There are at least few mines in the Yukon that had numerous starts, restarts and in some cases numerous owners over decades with ongoing repeated pollution..
In fact it might have been an interesting situation if YTG had lawyered up against HL on grounds of pollution in the case of Keno Hill operations.
HL did not "need" Keno Hill but in fact just took a very good opportunity for financial gain to get in after almost 2 decades of AXU "Blue Sky" shareholder loses and the talk of "hills of silver" was always just around the corner.
And if I rememember after the HL buyout the environmental remediation went from fixed term to perpetuity. Sweet!
Maybe whomever is "gifted" the Haggert Creek long term remediation will get the same "sweet" deal, if so perhaps just add one more to the Fed's expense account. ;)
Time will tell if the ongoing works and oversight will actually be a benefit to the long term economy of the Yukon or if it will prove to be impossible to move forward with and actual mine opening?