The Coffee Gold Project is expected to have a 30-month construction period. Credit: olieman.eth on Unsplash.

The Canadian and Yukon governments have decided to advance the Coffee Gold project in partnership with Yukon First Nations.

Proposed by the Newmont Corporation, the project is an open-pit and heap leach gold development project in west-central Yukon, a Canadian territory.

The project consists of four open-pit gold mines, namely Latte; Double Double; Supremo; and Kona; located 130km south of Dawson City, as well as one permanent waste rock storage facility.

With operational life of ten years, the project is expected to have a 30-month construction period, during which up to 700 people will be employed.

Prior to making the decision, the Yukon government completed a consultation with Selkirk First Nation, Tr’ondëkHwëch’in Government, White River First Nation and the First Nation of Na-ChoNyäk Dun.

See Also:

Yukon Premier Sandy Silver said: “The Coffee Gold project will provide significant employment opportunities for many Yukoners and contribute to the territory’s growing economy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Through our ongoing engagement with Yukon First Nations and our collaboration with the Government of Canada, we look forward to supporting the next stages in the development of the Coffee Gold project.”

Goldcorp purchased Canada-based exploration-stage company Kaminak Gold, which owns the Coffee Gold project, for approximately $408.3m (C$520m) in an all-stock transaction in 2016.

Newmont later acquired Goldcorp, a Canadian gold production company.