Gold and silver mining in the Yukon’s south is expected to generate more than $7 billion in economic benefits for the area, the Yukons government said on Tuesday.
Key points:The government has committed to investing $7.4 billion in mining projects in the south of the country, including the Majestic Silver mine near Yukon’s north-west resort town of YukonThe mining industry is also expected to help revitalise the region’s tourism industryThe plan is one of a series of measures announced by the government that is aimed at boosting Yukon economyThe project will be worth up to $7 million per square kilometre, and will bring more than 400 jobs to the area.
The government said the Majicolle Silver mine in the town of Yukona will help revitalize the regions tourism industry, while it will help increase the region\’s annual gold production by 20%.”
The economic benefits of the project are significant, but it will not be enough to meet the province\’s growth demands,” Yukon Premier Jim Carr said in a statement.”
The provincial government has invested significant resources to create jobs in this region.
This is a significant investment for the region and for Yukon, but not enough to sustain our economy.”
The project is being overseen by the Yukoni Corporation, a mining company in the province.
The plan will see the first of six large mining projects begin operation in the north of the state, in the northern tip of the province and will create jobs.
The projects are being planned in a series in which three mines are planned.
Yukon has about 1,100 mining licences and about 4,500 people work in the region.
The first of the six mining projects will be in Yukonal in the southwest, with the next two in Kootenay in the northeast and in the southern tip of Yukona.
The second project will see a major expansion of a mine in northern Yukoni, with a total capacity of 3,600 tonnes of gold and silver.
Yakon is a province of just more than 100,000 people, with its population about 12,000.