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Business Brief: The growing mess at Eagle mine

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The Yukon government is facing scrutiny over its handling of a major cyanide spill after confirming two main storage ponds are nearing capacity, raising the risk of even more contamination. Today, we catch up on the mess at Eagle mine – and cast ahead on the consequences for the industry. But first:Canada’s $2-billion sovereign computing strategy is designed to help domestic companies access the necessary services to power artificial intelligence.

“If the Yukon government were to ban heap leaching, that would have a chilling effect on new investment in certain types of gold projects,” McGee said.The biggest obstacle appears to be the threat of storage ponds at the mine overflowing and causing another major spill.

CIBC hosts its annual Eastern Institutional Investor Conference in Montreal on Thursday. The meeting is expected to hear from top executives from a range of Canadian companies – including BCE Inc., which recently announced a deal to sell its stake in MLSE.is set on Friday to release its gross domestic product by industry figures for July.

 

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