Minto sale falls through, mine to close

North of 60 Mining News – October 12, 2018


Last updated 9/25/2020 at 6:48am

Capstone Mining to shut down Minto copper Mine Yukon Penbridge Resources

Capstone Mining Corp.

Capstone is winding down operations at Minto, currently the only large-scale, hardrock mine in the Yukon.

Capstone Mining Corp. Oct. 11 announced that it will be shutting down the Minto Mine due to Pembridge Resources' inability to raise the requisite funds to acquire the copper operation in the Yukon.

In February, Capstone announced plans to sell Minto to Great Britain-based Pembridge Resources for US$37.5 million in cash, plus working capital adjustments, and common shares representing 9.9 percen...

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