Selkirk Copper: On the Verge of Becoming a Yukon Success Story
Selkirk Copper Mines is advancing a restart plan for a former producing copper-gold-silver mine in the Yukon, targeting a potential return to production by mid-2028 with updated engineering and refreshed permits.
Resource refinement, updated mine plans, and permit refresh underway
Is Selkirk Copper planning to restart production?
Selkirk Copper Mines continues to advance a restart plan for a former producing copper-gold-silver mine in the Yukon, targeting a potential return to production by mid-2028 with significant resource drilling and updated Preliminary Economic Analysis (PEA) engineering complete and refreshed permits submissions nearing completion.
Mining restarts are rarely simple. They require updated technical work, refreshed permits, a revised operating strategy, and continual engagement and communication with key stakeholders.
Selkirk Copper Mines is positioning itself as a restart story by addressing these key items, one-by-one.
The company controls a former producing copper, gold, and silver operation that ran for approximately 16 years. Rather than simply resuming prior plans, management is focused on redefining the resource, updating mine design and engineering, and ensuring permitting aligns with a long-term development vision.
The Company's objective when they started work was to outline a 12-15 year mine life, longest in the asset’s history, while targeting a return to production by mid-2028. The Company's recently completed PEA describes a 13 year mine with a $494M net present value and 48% internal rate of return at planning prices of US$5.00/lb copper, US$3,600/oz gold, and US$50/oz silver.
A key element of the strategy is partnership. The project was acquired out of bankruptcy by the Selkirk First Nation, marking what management describes as a unique structure within Canada’s public mining sector.
Selkirk Copper’s leadership emphasizes pragmatic execution, resource refinement, and modern mine planning as the foundation for a sustainable restart along with continual engagement with all stakeholders including the Selkirk First Nation.
For investors, restart stories often hinge on permitting clarity, engineering accuracy, and disciplined capital deployment.
For more information on Selkirk Copper Mines Inc. (TSX.V: SCMI, FRA: IO20, OTCQB:SKRKF) please click the request investor info button.
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