The license renewal marks a critical step in the formal sanction of the underground expansion project for the mine.

Mega-projects that employed over 12,000 in the Province in 2020 to scale back to less than 1,500.

The EPC contract covers construction of the Magino processing facility.

The Eagle mine became the Yukon’s newest gold mine when it reached commercial production in July 2020.

Production reached 115,600 gold-equivalent ounces (GEOs) in 2020, compared with 174,400 GEOs in 2019.

The Vancouver-based miner says the project is prospective for nickel, copper, cobalt, PGE and gold mineralization.

Even setting aside the disruptions and uncertainty created by the pandemic, 2020 was a tumultuous year on mining and metals markets.