Boroo signs $100M deal for Yukon Eagle gold mine

AI desk brief

Boroo has agreed to acquire Victoria Gold and the shuttered Eagle mine for up to C$140 million, with C$40 million upfront and another C$100 million tied to permitting and commercial-production milestones. The company plans to invest about C$800 million from 2027-2029 on rehabilitation, water treatment, site stabilization and a phased restart, but no firm restart date or dedicated financing has been disclosed.

The deal could eventually return a meaningful Canadian gold asset to production, though court approval is still required and liability allocation remains unresolved. Boroo says it has a framework agreement with Yukon authorities on remediation, restart and closure, and will assume certain remediation obligations at closing.