Ranj Pillai: Yukon Infrastructure Investment to Unlock Projects at All Levels

TL;DR

Yukon's Deputy Premier highlights the Invest Canada North initiative and announces a $71 million infrastructure investment for various mining projects in the region, showcasing the strong partnership between the government and indigenous communities.

Transcript

I'm Charlotte McLeod with the investing news network and here today with me is the Honorable Ranch valet the Yukons deputy premier thanks so much for being here today drive me yes and we're here at PDAC it's exciting to be here there's been quite a bit of buzz about the invest Canada North initiative going on can you tell me a little bit of voted a... Read More

Key Insights

• 🇨🇦 The Invest Canada North initiative aims to promote the unique opportunities in northern Canada to attract investors.
• 📽️ A $71 million infrastructure investment supports various mining projects in the region.
• 📽️ 2019 was a significant year for the mining industry in Yukon, witnessing projects reaching production and advancements in exploration.
• 😮 The rise in gold and precious metals prices may further stimulate the mining sector in Yukon.
• 🤩 Building strong relationships with indigenous governments and focusing on ESG initiatives are key priorities for the Yukon government.
• ❓ The Yukon's environmental assessment process and governance strategies contribute to its attractiveness as an investment destination.
• 🖐️ The government's partnership with indigenous communities plays a crucial role in project development.

Questions & Answers

Q: What is the purpose of the Invest Canada North initiative?

The initiative aims to highlight the abundant opportunities in northern Canada and attract both domestic and international investors to the region.

Q: What are the details of the $71 million infrastructure investment?

The investment will support projects like BMC's Code Sakaya, Fireweed Zinc, and the development of the Mack Tong deposit, providing better access to mining sites and unlocking the potential of these projects.

Q: How was 2019 for the mining industry in Yukon, and what can we expect in 2020?

2019 saw significant developments, including the production of Yukon's largest gold mine and advancements in projects like Pembridge Resources, Victoria Gold, and Newmont's Coffee project. In 2020, more exploration, development, and mine construction are expected.

Q: How does the recent momentum in the gold and precious metals market impact the mining sector in Yukon?

The rise in gold prices is positive for the region as Yukon is known for its gold resources. This trend may lead to increased exploration, advanced exploration, and acquisitions.

Summary & Key Takeaways

• The Yukon government is participating in the Invest Canada North initiative to promote the unique opportunities in northern Canada to domestic and international investors.

• A $71 million infrastructure investment has been announced, supporting projects like BMC's Code Sakaya and Fireweed Zinc, unlocking the potential of various mining projects in different stages of exploration.

• The government is focused on building strong relationships with indigenous governments and supporting capacity building initiatives.