Episode Details

 Interview with Colin Joudrie, CEO, Selkirk Copper Mines

Recording date: 8th May 2026

Selkirk Copper Mines is advancing the restart of a high-grade copper-gold-silver operation in Canada’s Yukon, targeting production by mid-2028. The project stands out for its exceptional geology, with copper grades ranging from 6% to 10% across more than 85 mineralized lenses, and recovery rates averaging 91%. These characteristics position Selkirk among the highest-grade copper producers globally, with concentrate grades of 39–40%, significantly above the industry average of 26–28%.

A major advantage lies in the project’s existing infrastructure. More than $330 million has already been invested in processing facilities, roads, and power, reducing restart capital requirements to roughly one-quarter of a comparable new development. This capital efficiency allows the company to focus spending on targeted upgrades and mine development rather than large-scale construction.

The project also features a groundbreaking partnership with the Selkirk First Nation, which holds approximately 20% equity in the company. This unique arrangement aligns community and corporate interests while unlocking exploration potential in a district that has seen little modern exploration for decades.

Recent drilling has reinforced confidence in the asset, achieving an 87% success rate across 175 holes, with results ranking among the best in the project’s history. These findings support a projected mine life of 12 to 15 years, with annual production targeted at around 30,000 tons of copper equivalent.

Following bankruptcy proceedings, the company emerged free of legacy financial burdens, including a gold-silver streaming agreement, enabling full exposure to favorable metal prices. Combined with strong market demand for high-quality copper concentrates, Selkirk is well positioned to secure flexible, non-dilutive financing through offtake agreements.

Overall, the project represents a rare combination of high-grade resources, existing infrastructure, and strong stakeholder alignment, offering a lower-risk path to near-term copper production.

Learn more: https://www.cruxinvestor.com/companies/selkirk-copper

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