WHITEHORSE – MINING – The Yukon is boasting over their growing stature in mining. “Yukon remains one of the top jurisdictions in the world for mineral investment and has weathered the challenging markets faced by all junior explorers and developers,” commented John McConnell, Chair of Yukon Mining Alliance, “The Yukon government works collaboratively with our member companies, industry representatives and First Nations to advance and improve opportunities in the minerals sector for our communities, our economy and our shareholders.”
According to the Fraser Institute Annual Survey of Mining Companies, Yukon continues to rank in the top 10 in the world overall, coming in 1st in mineral potential for 2014. A regions mineral potential is based on their geologic attractiveness and Yukon moved from a score of 0.79 in 2013 to 0.87, up 8 points this year.
Canada remains one of the top countries in the world for investment attraction with five jurisdictions — Saskatchewan (2nd), Manitoba (4th), Quebec (6th), Newfoundland & Labrador (8th) and Yukon (9th) ranking in the top 10.
Ontario has fallen to 23rd in the annual ranking.
Following an exploration boom in 2010-2012, ‘Yukon’s New Gold Rush’ resulted in more than 7.3 million ounces of gold in new discoveries and 23 million ounces of gold, 50 million ounces of silver, and 10 million ounces of PGMs added to known deposits; and this is only among the Yukon Mining Alliance member companies.
Investors continued to recognize Yukon’s potential as is evident by the fact that Wellgreen Platinum and Kaminak Gold Corporation were 2 of only 26 companies listed on the TSX – Venture Exchange* to have raised over $10 million in 2014, based on the recent Price Waterhouse Cooper Junior Mine report**. Today, there are more than 2,700 existing mineral occurrences covering only 12 per cent of Yukon’s total land mass demonstrating the mineral potential in the long term for the jurisdiction.
