Singapore-Based Company Boroo Ltd. Enters Agreement to Acquire Defunct Yukon Mine
A Singapore-based private company, Boroo Ltd., has been selected as a potential buyer for the defunct Eagle Gold mine in Yukon, Canada. The mine experienced a catastrophic failure in 2024, resulting in the release of cyanide-soaked ore into the environment. The territorial government announced that a court-appointed receiver has entered into an exclusivity agreement with Boroo Ltd. for the sale of the mine and related assets. The agreement, signed on April 23, allows Boroo 90 days to conduct due diligence and negotiate the terms of the sale. The Yukon government has been involved in the sale process to ensure the interests of local residents are protected, setting criteria for the buyer to be responsible, experienced, and well-resourced. Boroo Ltd. is known for its expertise in operational turnarounds and responsible mine development, with assets in Peru, Chile, and Mongolia. 
