{
  "id": 27067,
  "title": "Update almost triples contained metal at Selkirk Copper’s Minto mine",
  "url": "https://urgent.news/2026/07/30/update-almost-triples-contained-metal-at-selkirk-coppers-minto-mine",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-30T22:03:00.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/update-almost-triples-contained-metal-at-selkirk-coppers-minto-mine/"
  },
  "original_language": "en",
  "account": "Selkirk Copper Mines has announced a significant boost in contained copper, gold, and silver at its Minto mine project in Yukon, nearly tripling the previously estimated resources. The update from the First Nation-owned company reveals measured and indicated resources of 47.8 million tonnes grading 0.89% copper, 0.34 gram gold per tonne, and 3.2 grams silver. This amounts to 940 million pounds of copper, 530,000 ounces of gold, and about 4.8 million ounces of silver.\n\nComparing the new estimate to the one from last year, the copper content has increased by 181%, gold by 183%, and silver by 192%. However, the grade of copper has declined by roughly one quarter due to the inclusion of lower-grade tonnes. Selkirk's CEO, M. Colin Joudrie, highlighted that the resource expansion through the stage one drilling program demonstrates the potential for cost-effective and timely growth of mineable resources.\n\nThe larger measured and indicated resource significantly expands the mineable inventory for the upcoming feasibility study, which is expected in the third quarter. This development reduces reliance on inferred material and could potentially extend the mine life at Minto, which Selkirk plans to restart in 2028. The resource update comes almost two years after Yukon's Supreme Court approved Selkirk First Nation's purchase of the Minto mine, making it the first Indigenous-owned mine in Canada.\n\nThe inferred resource, which was significantly reduced by 48%, now stands at 281 million pounds of copper, 142,000 ounces of gold, and 1.5 million ounces of silver. The majority of these resources are underground, with about 45% located in the open pit. The resource update is based on Selkirk's stage-one drill program, which included 428,388 meters of drilling across 1,956 holes, as well as historical drilling totaling 428,388 meters across 1,956 holes. The stage-two program targets an additional 50,000 meters of drilling, with 37,000 meters already completed.",
  "summary": "Resource update outlines 47.8 million measured and indicated tonnes grading 0.89% copper, 0.34 gram gold per tonne and 3.2 grams silver.",
  "key_points": [
    "Contained resources at Selkirk Copper’s Minto mine nearly tripled.",
    "Copper content increased by 181%, gold by 183%, and silver by 192%.",
    "Resource expansion supports upcoming feasibility study and potential mine restart."
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/27067.png",
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}