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Singapore firm set to buy shut Yukon mine for $140M, promises $1.4B in investment
Singapore-based company set to buy shut Yukon mine
THE CANADIAN PRESS/Adrian Wyld
A Singapore-based mining company has entered an agreement to acquire the beleaguered Eagle Gold mine in the Yukon for $140 million, more than two years after it was shut down following a massive collapse, with plans to invest a further $1.4 billion in operations and other costs.
A statement from Boroo Pte. says that if the deal is approved by the court, it would come with planned capital investment of about $800 million between 2027 and 2029 for environmental rehabilitation, water treatment infrastructure, geotechnical stabilization, and "phased restart activities."
The company says it would also spend more than $600 million over the initial life of the mine "to support and extend mining operations."
The 2024 failure at Eagle Gold's heap-leach facility released about two-million tonnes of cyanide-laced ore and water into the environment, leading to control of the mine being taken over by a court-appointed receiver.
Boroo says that since it entered an exclusivity agreement in April to potentially buy the site it has deployed "substantial technical, environmental, and financial resources" and come up with its own plan aimed at "stabilizing the site, completing environmental remediation activities and restarting the mine."
The Yukon government is expected to hold a news conference and Boroo's statement says the plan is to ask a judge approve the proposed transaction this December.
This report by The Canadian Press was first published Oct. 22, 2026
Copyright 2026, The Canadian Press. All rights reserved.
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University of Toronto isn't the top school in Canada's best universities ranking for 2027
You might not expect some of the universities that are on this list.
A new ranking of the best universities in Canada for 2027 is out, and the top school isn't the University of Toronto.
Ontario post-secondary schools, including a few you might not expect, dominated the list but didn't get the number one spot.
Maclean's recently published the 2027 University Rankings for post-secondary schools in Canada.
It includes lists of the best large, mid-size and small universities, along with rankings based on student awards, graduation rates, faculty awards, scholarships, research, student services, reputation and other criteria.
There are 15 post-secondary schools ranked on Maclean's list of the top large universities. The Canadian universities must have more than 30,000 students and offer a wide range of programs at both the undergraduate and graduate level.
In the ranking of Canada's best large universities for 2027, the top school is McGill University.
Maclean's said that McGill has more Rhodes Scholars and Nobel Prize laureates than any other university in Canada. Its standout programs are Population and Global Health, Education in Global Contexts, and Food Science and Agricultural Chemistry.
Then, the University of Toronto is second, and the University of British Columbia is third.
University of Toronto is "in a class of its own," according to Maclean's, because it has more than 16,500 faculty, over 700 undergraduate programs and more than 102,000 students across three campuses. The standout programs are AI Engineering, Game Studies, and Management Co-op.
Maclean's said the University of British Columbia has an international reputation for research and graduate programs. The university's standout programs are Management, Indigenous Land Stewardship, and Freshwater Science.
Those schools are Canada's big three in university rankings, but the University of Toronto is typically the number one school in Canada, so you might not have expected McGill to take the top spot.
After the top three, the University of Waterloo is fourth, and Queen's University is fifth.
Then, the University of Alberta and McMaster University are tied for sixth, the University of Ottawa is eighth, the University of Calgary is ninth, and Western University is 10th, according to Maclean's.
Université Laval is 11th, Université de Montréal is 12th, York University is 13th, Toronto Metropolitan University is 14th, and Concordia University is 15th in this ranking of Canada's top universities.
Ontario is the most represented province, with eight schools in the province ranked in the top 15, compared to four in Quebec, two in Alberta and one in B.C.
READ NEXT: Canada's top schools fell in this best universities ranking but others aren't close to U of T
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Ottawa gives Stelco owner 15 days to address alleged violations or face legal action
Ottawa gives Stelco owner 15-day deadline
THE CANADIAN PRESS/Nick Iwanyshyn
Ottawa is giving the U.S. owner of Stelco Inc. a 15-day deadline to address alleged violations of binding commitments it made when it purchased the Ontario steelmaker two years ago or face potential legal action.
In an 11-page letter Thursday, Industry Minister Mélanie Joly accuses Cleveland-Cliffs of failing to honour six binding commitments made when it acquired Stelco, including employment guarantees.
She also accuses Cleveland-Cliffs of advocating for U.S. tariffs on Canadian steel despite its commitment to support Canada's steel industry, then using those same tariffs to justify layoffs.
Cleveland-Cliffs announced plans on Sept. 28 to lay off up to 500 workers at Stelco's Hamilton Works and Lake Erie Works in Ontario, citing U.S. tariffs and challenging market conditions.
Joly says the company must address its alleged violations, prove it has not broken its commitments or explain why it has failed to meet them.
If the company fails to comply, she says the federal government may apply to a superior court for remedies including an order requiring Cleveland-Cliffs to divest control of Stelco.
The letter discloses the exact employment commitments Cleveland-Cliffs agreed to in 2024, including to maintain an annual average of at least 1,766 full-time-equivalent unionized workers and 603 full-time-equivalent salaried workers.
This report by The Canadian Press was first published Oct. 22, 2026.
Copyright 2026, The Canadian Press. All rights reserved.
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